Source: Drain Maid, Professional Plumbing & Design, Inc.
If you’re trying to source our current distress, pick up Professor John Taylor’s recent working paper – The Financial Crisis and Policy Responses: An Empirical Analysis of What Went Wrong.
Taylor examines thoroughly and in great depth, i.e., plumbs, alternative theories for the crisis. He then devises [...]

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MUST READ:  Bianco: The Dow is Distorted – James A. Bianco, CEO of Bianco Research, LLC – … Dow Jones, the keeper of the DJIA, has an unwritten rule that any DJIA stock that gets below $10 gets tossed out. As of last night’s close (January 20), The DJIA had the following stocks less than [...]

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Thanks to Team MIAC and Rob Branthover for submitting this.

OTTI, It’s all about expected collateral behavior…
January 22nd, 2009.
Other-Than-Temporary Impairment (“OTTI”) has been a topic of great concern in the current market environment for many holders of distressed MBS securities. Some of these securities are highly illiquid and have lost significant market value in the current [...]

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JPMorgan Chase has posted a surprise profit for 2008. Wall Street was shocked by the bank’s radical business plan that included not paying $100 million bonuses to failed executives and only lending money to people who could pay it back.
Yesterday Fifth Third Bancorp, Ohio ’s second largest bank, announced that they had lost $2.1 billion [...]

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