Fed: No Discount Window for FNM, FRE
Go figure: In the midst of a deep selloff, a bullish rumor seems to have been planted that would allow for the rescue of Fannie Mae (FNM)...
Courts May Begin Enforcing Truth-in-Lending Act (TILA)
This story seemed to have slipped by without much comment from anywhere else. There are potentially major ramifications for the mortgage...
Man with a Tan Needs a Plan
This morning’s news blip is this little ditty on Countrywide CEO Mozilo: "The Illinois attorney general’s office, which...
Dirty Tricks at Lehman?
Today’s must read commentary: naked capitalism calls shenanigans on Lehman Brothers illegal leak of an insider memo to CNBC’s...
Sweetheart Deal for Rating Firms
Too little, way too late: "Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating...
FASB Bombshell: FAS 140 to Eliminate QSPEs
The "qualified special-purpose entities" (QSPE) — those not unlike Enron-style SPVs in which many leveraged financial...
Herb Greenberg’s 5 Simple Lessons
In case you didn’t know, Herb Greenberg has retired from WSJ and Marketwatch to go into "private practice." For his final...
Copyright, Links, Fair Use & Reproduction
I get requests from publishers to link to, and/or reproduce, content here all the time. Copyright law is pretty clear as to what is...
Feds Expand Mortage Fraud Investigation
You mean not following Federal banking laws is a crime? Who knew?! "Federal agencies are intensifying a criminal investigation of...
So Long, and Thanks For All the Fish!
Spitzer has officially resigned. I was trying to come up with a clever headline for his resignation, but the best I could come up with...