A guest post from TEAM MIAC:

MIAC Perspectives – Winter 2009OTTI in the new FAS worldFebruary, 2009.

Sachit KumarManaging Director, Capital Markets Group
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 [...]

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Good Q&A: How the Obama plan will affect homeowners- The new programs are available to people who aren’t yet behind on their payments. – By Maura Reynolds – Los Angeles Times 
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1.  Vitaliy Katsenelson: The pain of mean reversion – Posted by Prieur du Plessis – Investment Postcards from Cape Town 
2.  21 Videos – great summary [...]

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For your viewing pleasure. BC
Rick Santelli and the “Rant of the Year” 
 
 
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Santelli Gets The Attention Of The Obama Administration
For those of you following the Rick Santelli rant you’ll find the Obama administration response below. Why they even bothered is beyond me. …  A lot of the press is up in arms about what they perceive [...]

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I was very disappointed to find out from the National Inquirer that Cher only has 3 years to live. (They even had a photo of a distraught Cher on the cover, which must have been taken right after she received the news.) I mention this because I knew a loan agent who would play “If [...]

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