Warehouse Lending Rescue? - New Task Seen for Fannie, Freddie - By JAMES R. HAGERTY - The regulator of Fannie Mae and Freddie Mac is considering giving the government-backed mortgage companies another role: helping to finance small mortgage banks. -  Wall Street Journal 
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Fund yourself? - Report: Colonial BancGroup near deal to convert to thrift - […]

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John P. Hussman:  On the Urgency of Restructuring Bank and Mortgage Debt, and of Abandoning Toxic Asset Purchases -  Attempting to avoid the need for debt restructuring by wasting trillions in public funds increases the likelihood that the current economic downturn will be prolonged, … This reset profile is of great concern, because […]

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Wagoner out, bank CEOs safe - huh?! - Apparently, if you’re the CEO of an auto firm, you may have to sacrifice yourself to get another bailout. But many bank CEOs have held onto their jobs. - By Paul R. La Monica - CNNMoney.com 
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Obama Considered Ousting Citi’s Pandit But Declined Due To “Paucity Of Candidates” […]

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Break it Up? - Bank of America ’s Lewis Says U.S. Should Consider Splitting Bank Functions - By Lizzie O’Leary and Christine Harper -  Bank of America Corp. Chief Executive Officer Kenneth Lewis said today the U.S. should consider separating commercial lenders from investment banking activities. - Bloomberg  -  a return to the Glass-Steagall Act?
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Bank […]

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Chart of the Day - For some perspective into the all-important US real estate market, today’s chart illustrates the US median price of a single-family home over the past 39 years.
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Newest Fraud - Torching your car - Fraud in the desert and the “Disabler” - Tim Iacono - … In Signs of Stress, Fraud on […]

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 The best explanation of PPIP I have seen - Heads or Tails? - David Kotok - Dear Reader: Please give me 8 minutes to explain the $1.1 trillion federal government Public-Private Investment Program (PPIP).  Start here with this simple example.  It’s a coin toss.  Heads you win $100; tails you get nothing.  How much […]

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