Entries from March 2009

Political Machinations: Banks Return TARP and Cram-Down Goes to the Senate

March 29th, 2009 · No Comments

Banks Paying Back the TARP Billions: Bad for the Economy? – By ALICE GOMSTYN  – Expert Debate Whether Banks Should Rush to Pay Back Taxpayer Funds -  ABC News Business Unit
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Two banks to return U.S. bailout money: Rep Frank – … Frank also said U.S. Bancorp, the eight-largest U.S. bank, will return $6 billion. The [...]

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Tags: Mortgage Market

Banks and TARP, plus FDIC on Toxic Loans

March 28th, 2009 · No Comments

Banks and TARP:

  

Should Healthy Banks Give Back Their TARP Funds? by Felix Salmon  – … Rick Newman, for one, thinks so. But even he is alive to the downside, as explained by Andrew Ross Sorkin: – … If Goldman succeeds in returning our money, it could put pressure on other banks to give their [...]

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Tags: Mortgage Market

Opinion Pieces: Mark Sunshine, Vernon Hill, Andy Kessler

March 28th, 2009 · No Comments

 

Ten Simple Rules For Sidestepping Scams – Mark Sunshine – Not losing your shirt to scumbags like Madoff, Petters and Stanford is as easy as following a few guidelines. – Forbes

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The People’s Republic of America  – by Vernon Hill – If Congress can get away with taxing earnings arbitrarily and after the fact, [...]

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Tags: Commentary · Mortgage Market

Misc: NCUA’s Non-Disclosure, Citi – B of A buy AAA, CA Home Sales, Rolfe Winkler on MBA, Freddie Mac and NYSE

March 28th, 2009 · No Comments

 

More on NCUA’s non disclosure of info in putting 2 huge credit unions into conservatorship:  A Letter to NCUA, re: The Math on the $9 Billion Credit Loss Estimate – An Open Letter To: NCUA Board Members  From: Chip Filson  – CreditUnions.com 

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DOUBLE-DIPPERS – CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES – … Both [...]

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Tags: Mortgage Market