Crazy Timmy Geithner impersonates adman Jerry Carroll in Treasury’s gilded Cash Room.
Photo: © 2009 Joshua Roberts/Bloomberg – New York Times, 10 Feb 2009.

The Federal Reserve’s quarterly Flow of Funds Z1 Release underestimated the decline in US home values by roughly $2 to $4 trillion until after the November 2008 elections.

After I detailed the oversight [...]

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In Joseph Heller’s “Catch-22”, Milo Minderbender sets up a syndicate for selling seven-cent Maltese eggs to the mess halls at a price of only five cents an egg while still making a profit. How? Seven-cent Maltese eggs cost the sellers in Malta four and one-quarter cents each to procure. Milo is actually buying the eggs [...]

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Fannie Mae and Freddie Mac Refinance Initiatives – FHFA Webiste announcement

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SEC chairwoman to review role of banks’ boards in crisis – Securities and Exchange Commission officials say Chairwoman Mary Schapiro is planning to examine the role that boards of financial firms played in the financial crisis, specifically whether they conducted effective oversight. Schapiro may also [...]

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                                                Mike Ruiz/Bravo, Kathy Griffin – My Life On The D – List, 12 Jun 2008. Friday, 20 Feb 2009 was a critical day for large bank stocks. While I know I’ve also said that Friday, 10 April 2009 will be important (see [...]

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