How to Get an “Iffy” loan approved at JPM Chase
Three “handy steps” for getting a questionable loan approved by JPM Chase’s automatic system: 1. Lump all of an...
Fed Steals the Plaque from The Statue of Liberty
Interesting conversation with my pal Dan about the low low standards for collateral for the Fed’s TSLF, and for JPMorgan’s...
Grant Calls Fed’s Balance Sheet an `Economist...
00:00 Fed intervention in credit market crisis07:16 Credit crisis a "scandal"; Freddie and Fannie09:23 Impact of Fed action on...
Quote of the Day: Spending like Drunken Sailors
From the London Review of Books, comes this brilliant slice of analysis:> "My friend Tony, however, is sanguine. ‘Sorting...
Discount Window Borrowing
Terrific chart via Bill King shows the extent of the borrowing by financial institutions at the Fed Discount Window. Note the 4 spikes:...
The Economist on Wall Street
This week’s The Economist has a big feature on Wall Street’s crisis. Check out the cover: > Here’s the list of...
Changes in US Withholding Taxes
Matt Trivisonno, a software developer in Miami Beach who follows the market, has come up with a neat way to track changes in the Federal...
Who is to Blame for Bear Stearn’s Demise?
From our Things that make you go Hmmmm department: There is a meme going around about the death of Bear Stearns (BSC). According to some...
Dick Bove: Buy Banks, Avoid Brokers
Why Australia is Insulated From US Sub-Prime Woes
Since its the last day of the trading week, how about a little humor from down under? > Clarke and Dawe: the comic duo you can bank...