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Vik Pandit's Grand Gesture
What's this 'forgo' business supposed to mean? ...
By Thomas Brown,Posted 01/05/2009
The Bank Blitz Memo: Getting Zapped
An on-line retailer reminds us that word-of-mouth advertising is earned, not bought...
By David Martin,Posted 01/05/2009
Get The Rating Agencies Out Of The Regulatory Process
So says Delphi Financial's CEO in today's WSJ. He's right....
By Thomas Brown,Posted 01/02/2009
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Why Is There a TARP?
Felix Salmon is confused...
By Thomas Brown,Posted 12/30/2008
Lehman's Wind-Down: Of Course It Was Chaotic
This is what happens when everyone de-leverages at once...
By Thomas Brown,Posted 12/29/2008
Mort Zuckerman: Please Accept Responsibility
He's not partly responsible for his Madoff losses? Please....
By Thomas Brown,Posted 12/23/2008
Sheila Bair: Still The Worst Financial Regulator Of Them All
What's with this strange obsession with loan modifications?...
By Thomas Brown,Posted 12/23/2008
Reuters: Fed buys MBS in latest unconventional move The Federal Reserve on Monday kick-started its latest unconventional program to boost ...
Bloomberg: Fed Focuses on Consumer, Corporate Rate Spreads Over Treasuries  Federal Reserve officials are focused on driving down the spreads between U.S. ...
Reuters: Merrill brokerage chief McCann to leave Bob McCann, head of brokerage at Merrill Lynch & Co, announced his plans to leave the ...
Wall Street Journal ($): Treasury Provides $15 Billion From Bailout to Seven Banks  The government supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund. ...
Reuters: GE's finance arm launches $10 billion FDIC-backed debt General Electric Co's (GE.N) finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government ...
Reuters: U.S. seeks to revoke Madoff bail U.S. prosecutors asked a judge to revoke the bail terms for alleged swindler Bernard Madoff ...
A.P.: Madoff scandal, SEC role under scrutiny Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke ...
Washington Post: SEC Broadens Its Probe Of Failures in Madoff Case The inspector general of the Securities and Exchange Commission said yesterday that he is broadening his investigation into ...
Los Angeles Times: IndyMac bank to get new name Investment group IMB Management Holdings, which is buying the failed S & L from regulators, calls the old name a liability. ...
Miami Herald: Mutual Benefits officials charged Top officials of viatical- and life-settlement company Mutual Benefits were charged in a 25-count indictment. ...
Albany Business Review: M&T, HSBC plan for growth in ‘09 HSBC Bank USA and M&T Bank Corp. are determined to grow their businesses in 2009. ...
San Francisco Business Times: Wells Fargo buys loans and leases from GE Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. ...
Charlotte Observer: GMAC still eyeing HQ relocation to Charlotte Source says lender, which has converted to a bank holding company, is considering space in Ballantyne building. ...
Dallas Morning News : Credit crunch's impact worrisome as record commercial loans come due A record amount of commercial real estate loans coming due in Texas and nationwide the next three ...
Cincinnati Enquirer: Local credit scores sliding Credit scores appear to be slipping for consumers in Greater Cincinnati and Northern Kentucky - at a time when many people ...
Dallas Morning News : Dallas-Fort Worth apartment demand plummets  The Dallas-Fort Worth apartment market suffered a huge hit in the final months of 2008. ...
Boston Business Journal: Affiliated Managers postpones investment deal Affiliated Managers Group Inc. (NYSE: AMG) said Monday it postponed its acquisition of a ...
A.P.: Hyundai: Can't make car payments? Just return it  Can't make the payments on that new car you just bought? No problem – just return it free of charge. ...
THE NEW BEAR CASE ON HOUSING: SAME AS THE OLD BEAR CASE
The surge in housing-related stocks? Feh. It’s a “hope rally.” Ivy Zelam sees a “tsunami of short sales and foreclosures.”
Posted Today 11:31 AM By Matt Stichnoth More>>
MADOFF'S INVESTORS: THEIR STORIES AREN'T GETTING ANY FUNNIER
Patrick Littaye, co-founder of Access International Advisor, a Madoff feeder fund, tells Bloomberg his near-term plan: “We’ll go to our investors over...
Posted Today 9:53 AM By Matt Stichnoth More>>
BANK'S NEW OWNERS MAKE EASY DECISIONS FIRST
Odd. Its new owners believe the IndyMac brand has become tarnished, for some reason. . . .
Posted Today 9:33 AM By Matt Stichnoth More>>
VANITY FAIR DOES MORTGAGES
From Bethany McLean, as comprehensive an account of the rise and fall of the GSEs as you are likely to read. . .
Posted 01/05/2009 4:34 PM By Matt Stichnoth More>>
NOCERA ON VALUE AT RISK: NOT NEARLY AS USELESS AS ADVERTISED, BUT . . .
In yesterday’s New York Times Magazine, Joe Nocera does a nice job summarizing the pros and cons of quantified risk measures such as Value at Risk, an...
Posted 01/05/2009 4:17 PM By Matt Stichnoth More>>
LEWIS AND EINHORN: PRETEND MARKETS ARE RATIONAL AGAIN, THEN SELL INTO THEM
Michael Lewis and David Einhorn, on how the government should deal with future big-bank crackups: If a failing firm is deemed “too big” for that h...
Posted 01/05/2009 3:44 PM By Matt Stichnoth More>>
YOU CAN'T TAKE 1 AND 20 ON TARP MONEY, RIGHT?
Mort Zuckerman should stop complaining. He only gave Ezra Merkin $30 million. The federal government gave the same guy $6 billion. . . .
Posted 01/05/2009 2:29 PM By Matt Stichnoth More>>
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