Chart of the Day -  For some long-term perspective, today’s chart illustrates the Dow adjusted for inflation since 1925 – … Also, the inflation-adjusted Dow is now a little more than double where it was at its 1929 peak and trades a mere 51% above its 1966 peak [...]

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       +    ASF Loan Identification Number Code (ASF LINC™) for Securitized Loans Developed by ASF and Standard & Poor’s FIRMS – Computer-driven analytics and risk models to track vital, individual loan-level information within mortgage- and asset-backed securities – ASF Press Release andMaking Securities Secure. Again.- Tom Steinert-Threlkeld – [...]

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To Our Clients, Colleagues and Friends,  

The Taylor , Bean bankruptcy filing shows assets of $734 million and liabilities of $3.9 billion. That’s a negative $3.1 billion net worth.  The biggest creditor is Colonial Bank, which is owed $1.74 billion, and we assume it’s the FDIC that will take the loss.
Bank of America has agreed to [...]

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Is there ever a day that mattresses are not “on sale”? Securities are always for sale. I love this kind of talk: “Agency MBS reversed course this week as much of the coupon stack underperformed against duration hedges.” That is what I received from a buddy who works for a large investment bank. What the [...]

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