Arb the Government with PPIP? – Banks Aiming to Play Both Sides of Coin – Industry Lobbies FDIC to Let Some Buy Toxic Assets With Taypayer Aid From Own Loan Books – Wall Street Journal  – If the govenrment is arbed, you and I pay. BC———— Banks [...]

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    big story – agency max rising?  -  $1M MORTGAGE BUYBACKS SEEN – Smart-money investors are betting that the Obama administration will start leaning more on Fannie Mae and Freddie Mac to kick-start the housing market by giving them the OK to buy mortgages worth up to $1 million.  Current [...]

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To Our Clients, Colleagues and Friends,

A big fight in Washington just ended over whether a special FDIC assessment should be based on assets or deposits.  Why? A good example is State Street Bank.  They have $170 billion in assets and only $37 billion in deposits, so they obviously wanted the premiums based on deposits.  Most [...]

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Was it really only a 4-day workweek? For some reason it seems longer…

A college girlfriend once told me, “The more I think of you, the less I think of you.” At first I thought that was pretty clever, but then it dawned on me what she was saying… The same goes for rates. These rates, [...]

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