Treasury: Bailout Details Sunday 11 AM
As wee discussed Saturday, the details of the Fan-Fred bailout will be announced early Sunday at 11 am. In my opinion, this is very...
Barney Frank: Treasury GSE Intervention is a “Done...
Congressman Barney Frank, Chairman of the Financial Services Committee, says this is really happening: "Rep. Barney Frank (D.,...
Roundup: Fannie & Freddie Bailout
Last evening, we asked what are the costs and consequences, as well as the market reaction to, the imminent bailout of Fannie Mae (FNM)...
Here Comes the Half Trillion Dollar Fannie/Freddie Bailout!
A series of high-level meetings between Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, and the chief executives...
Paul Volcker: Finance System is ‘Broken’
“This bright new system, this practice in the United States, this practice in the United Kingdom and elsewhere, has broken...
What Up With Pimco?
WTF is up with PIMCO ? Strange things are afoot at the biggest bond fund in the world. A weird sense of panic seems to be emanating from...
Which Are the Weakest U.S. Banks ?
I’ve been meaning to point to a fascinating part of TheStreet.com: Banks & Thrifts Screener. Its a pretty nifty tool that you...
Can the Fed Save the (Financial) World?
Roger Altman, former deputy secretary of the Treasury, thinks so: "Today, regulatory authority is divided among the Federal Reserve,...
Writedowns vs Underwriting Scorecards
Smackdown! WDCI vs LEAG . . . Well, not quite. Today’s interesting MSM pick of the day is a Bloomberg column on none of the latest...
Fannie + Freddie = Frannie ?
Hmmmm . . take two poorly run, debt laden GSEs . . . Merge them . . . What do you get ? One giant, poorly run, debt laden, GSE. Its...