Posts Tagged ‘banking’

Wall Street to Securitize Delinquent Loans. Because it went so well last time, I suppose.

So, based on that… the only logical thing to do is securitize some non-performing loans. Of course, it’s brilliant! I’m calling AIG-FP later today to see if they’ll sell me a credit default swap against this crap. ... (Continue reading)

Senate Investigation Says Banks Caused Crisis, Not Borrowers

Senate Investigation Says Banks Caused Crisis, Not Borrowers

As I’ve said what feels like a million times in a million different ways… it wasn’t the borrowers, it was the banks, and what caused the crisis was that the banks broke the bond market… and it remains broken to... (Continue reading)

Get Over It America???

Get Over It America???

2. Goldman must either start lending like a bank, or it's not allowed to keep its status as a "Financial Holding Company," which is what allows it to put more than $125 BILLION at risk without having to worry about... (Continue reading)

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