Why the dollar surge won’t last - posted by Prier DuPlessis - Paul Kedrosky, guest contributor, argues in a thoughtful manner that the US dollar’s surge won’t last. “Down is up, and up is down? How is it that a growing US economy was bad for the US dollar, but a potentially calamitous collapse in […]

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Senior Lending Network Suspends Proprietary Reverse Mortgage Products-  … for its Equity Plus Advantage and Simple 60 for the next 60 days.  … According to the email, the SLN saw its volume of new submissions increase much more than expected and has exceeded the mandated allowable threshold on KBC’s balance sheet. - Reverse Mortgage Daily
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Banks […]

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BIG BROTHER SECTION:

Federal Reserve, Banco Central do Brasil, Banco de Mexico, Bank of Korea, and Monetary Authority of Singapore announce the establishment of temporary reciprocal currency arrangements 
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Fed Cuts Rates by Half Point Amid Economic Deterioration  -  JON HILSENRATH, JOELLEN PERRY and TAKESHI TAKEUCHI -   WSJ.com 
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Press Release - The Federal Open Market Committee decided today to […]

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Quick Takes (Bankstocks.com Daily Blog)  - Matt Stichnoth   - JOHN BERRY: HOMEBUYING BINGE TAKING PLACE ON EAST COAST, TOO - John Berry notes that in Prince William County, Virginia, which has been especially hard-hit by the housing meltdown, more homes sold last month than … 
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Seattle-area house prices decline - Seattle’s annual home-price decline now exceeds […]

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Interest-rate swaps hit level once thought impossible - Michael Mackenzie  - Signaling a likely arrival of a huge volume of U.S. Treasury securities — an event that tends to narrow the spread between Treasury yields and swap rates — some long-term interest-rate derivatives are being pushed even further into “negative spreads.” Once considered impossible, negative […]

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U.S. Mulls Widening Bailout to Insurers - DEBORAH SOLOMON and LESLIE SCISM - The Treasury Department is considering buying equity stakes in insurance companies, a sign of how the government’s $700 billion rescue program could turn into a piggy bank for a range of beleaguered industries….  MetLife Inc. and Prudential Financial Inc., two of the […]

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