Poole: Save Fannie/Freddie, Then Dismantle Them
Its actually kind of ironic: Two Fed Governors warn Federal Reserve Chief Alan Greenspan about major problems — and are promptly...
Would Benjamin Graham Buy Financials? (No!)
Jason Zweig has an interesting column today in the WSJ: Inquiring minds want to know: What would Graham do? This column, named after...
Have the Financials Bottomed?
Nicely structured reasoning via Barron’s Randall Forsyth: Borrowings at the Federal Reserve’s discount window averaged a...
Poole: Fannie, Freddie Should Be Private
William Poole, former president of the Federal Reserve Bank of St. Louis, talks about Standard & Poor’s proposed downgrade of...
My Experience at Indy Mac: Fraud, Corruption, Criminality
Long time readers are familiar with my fascination with antique sports cars. One of my pals, Jan, is a well known Porsche collector who...
Q2 Foreclosures Double
> “Forty-eight of 50 states and 95 out of the nation’s 100 largest metro areas experienced year-over-year increases in foreclosure...
Pimco’s Paul McCulley: Plosser ‘Wrong’ on...
Paul McCulley, a portfolio manager at Pacific Investment Management Co., talks about U.S. deflation and property values, and the outlook...
Video: Faber Says Fannie, Freddie Should Split Up, Not Get Aid
Investor Marc Faber, publisher of the Gloom, Boom & Doom Report, talks about the future of Fannie Mae and Freddie Mac, the global...
Quote of the Day: Rampant Capitalism ?
From Canada, who may end up being more Capitalist then us Socialists in the USA: Two major related threats loom over the world economy:...
“Dead Pledge”
What is a dead pledge? Well, that is the literal translation of the word mortgage: 1390, from O.Fr. morgage (13c.), mort gaige, lit....