fun bogus - Flowchart tool to help bankers cope with crisis - The chart has been designed to help bankers deal with their exposure to the credit crisis (although there is no evidence it really did originate within Société Générale). I hope this brings a smile to your face in the otherwise dour circumstances of the subprime saga - Posted by Prieur du Plessis - Investment Postcards from Cape Town 

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Home Prices Have Fallen 15% - Two separate trackers of residential real estate prices confirmed what everyone knows - home prices have fallen off a cliff … - Toro’s Running of the Bulls Market Blog

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Think the Financial Crisis is Over? Credit Spreads Say “Think Again” - Stock Market Beat 

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JP Morgan Rolls the Fed of New York (and BSC) - … In terms of total size vs the bank’s balance sheet, JPM’s derivatives book is more than 7 standard deviations above the large bank peer group. … Because of this huge OTC derivatives book, the $1.6 trillion asset bank can tolerate just a 15bp realized loss across its aggregate derivatives position before losing the equivalent of its regulatory Risk Based Capital (RBC).  … -  The Institutional Risk Analyst 

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PMI Forms Foreclosure Prevention Team -  PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc., said Wednesday that it had formed a new homeownership preservation team led by John Jelavich, PMI’s… -  housingwire

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Updated S&P/Case-Shiller Housing Numbers - … Over the past few days, we’ve seen some better than expected housing numbers, indicating that things might be getting “less worse,” so it’s important to note that these numbers lag by three months.  If things have begun to get better, these numbers will be the last to show it.   … - Bespoke Investment Group
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The Real Threat of the Housing Bubble - … a further 10% fall in house prices would have a devastating effect on the banking system. Much of their normal margin of safety has already been wiped out by the existing fall. … - Colin Twiggs - seeking alpha
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When America Sneezes…  …The World Still Catches a Cold! - Adolfo Laurenti, Senior Economist, Mesirow Financial 

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Would you like anything else with that coffee, Ben? - Last week we received some new data linking commodity prices to the decisions of the U.S. Federal Reserve. - James Hamilton - Econbrowser 

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Bank Stocks Show Signs of a 180 -  Punk Ziegel’s Bove is more upbeat on bank stocks, for a modestly perverse reason. He says the optimistic valuations for mortgage-backed securities that … - U.S. News & World Report 

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Protecting Homeowners and Sustaining Homeownership - Governor Randall S. Kroszner -  FED

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New chart of WMALT 2007-0C1 - WaMu Alt-A Pool Revisited - About a month ago, in Evidence of “Walking Away” In WaMu Mortgage Pool, I wrote about a particular Washington Mutual (WM) Alt-A mortgage pool “affectionately” known as WMALT 2007-0C1 . … Many inquiring minds have been asking for an update of this pool. I am pleased to present a new screen shot of the same Alt-A pool. -  globaleconomicanalysis

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Jim Dorn on Sovereign Wealth Paranoia - refers to good article at CATO Institute website   - Dr.John Rutledge blog

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regarding forecloosures and REO - Macro signs are still quite negative for builders and banks - Reggie Middleton’s Boom Bust Blog  

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National City has two serious bidders, source says - FT.com

posted by Bill Coppedge