Moody’s highlights risks of potential counterparty failure - A new report from Moody’s Investors Service explains that the biggest systemic risk to the $62 trillion credit-derivatives market is not its size and complexity, but the potential failure of a large securities firm or investment bank that is acting as a counterparty. A bank collapse could damage the operational integrity and pricing in the credit-default-swap market. - SIFMA Smartbrief
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3 from Michael Shedlock at Global Economic Analysis:
1. Bring On The Alt-A Downgrades - has update for WMALT 2007-OC1
2. Bankruptcy Reform Act Finally Blows Sky High - significant ruling on Nat City stated HELOC
3. Telling Rift Over Fed Lending Facility - In mid-September the Fed is placing new restrictions on the Primary Dealer Credit Facility, a swap-o-rama with broker dealers as opposed to banks. - Michael Shedlock - globaleconomicanalysis
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Different looks at housing supply - includes New home building, Finance forclosure homes, Motivated sellers, Unmotivated sellers - interesting - Tim Plaehn - Investing Thoughts
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has list - The Costanza Energy Policy: How to Drive Oil to $150 - … for the past 3 decades, we’ve had a George Costanza Energy policy - every decision we have made as a country has worked to drive energy prices higher. … - Barry Ritholz - The Big Picture
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