Source: Haddon Township (NJ) Youth NFL Flag Football

Friday, April 10, 2009.  Mark it on your calendar.

What’s that? On or before that date, I ‘predict’ that the US financial sector will either be nationalized or wiped out. IF … the current administration is as successful as the prior administration in curing our economic crisis.

I arrived [...]

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long and lots of details – The US Mega Bad Bank – Elizabeth MacDonald – … a US Mega-Bad Bank that could get, say, $100 bn in TARP money, where it would then, ironically, lever that $100 bn up to $600 bn, with debt backed with FDIC guarantees, to start buying and taking off [...]

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I am not a big fan of rumors. (Although they say that language was invented so that people could gossip.) Last Thursday was an example of a rumor whereby CitiMortgage was ending their entire wholesale business channel. It was apparently started by a client, reportedly in Southern California , who was suspended with cause by [...]

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To Our Clients, Colleagues and Friends,  

The Bank of America (and its wholly-owned subsidiary Merrill Lynch) are set to pay the U.S. government $179 million in dividends on two issues of TARP money they received.  The dividends will be paid February 17th.  We think that over time, and especially when the TARP preferreds are due and [...]

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