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Bringing Up the Rear � Dale Westhoff, Credit Suisse Group AG

Written on 16 Feb, 2012 at 1:17

Bringing Up the Rear � Dale Westhoff, Credit Suisse Group AG

Apparently, right before you made your idiotic comments about moral hazard, saying that principal write-downs won’t save homes, Credit Suisse had just won the bidding process and as a result bought $7.014 billion in face value RMBS from the Federal... (Continue reading)

Tagged with: banking lobby bear stearns CDOs credit default swaps Credit Suisse Group AG Dale Westhoff deleverage in us distressed-property sales economic recovery Fannie Mae Federal Reserve Bank of New York Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Laurie Goodman of Amherst Securities leverage leveraged banks Maiden lane II mandelman matters martin andelman moral hazard Mortgage backed securitized trusts mortgage principal cuts don't help homeowners obama administration principal reductions principal write-downs REMIC trusts RMBS investors sssssssssssssssssssssss Treasury Secretary Tim Geithner unemployment

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