Posts Tagged ‘Federal Reserve Bank of New York’

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

Written on 16 Feb, 2012 at 1:17

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)

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Written on 22 Jan, 2012 at 18:53

Reducing mortgage balances is a risky idea that hasn't been shown to keep borrowers who owe more than their property's worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn't been... (Continue reading)

Tagged with: AIG Amherst Securities Group LP analyst Laurie Goodman bailouts bank of america banking lobby bloomberg citibank Credit Suisse Group AG CSGN Dale Westhoff Deutsche Bank AG diana olick distressed assets distressed RMBS double dip economy Ezra Becker Fannie Mae FDIC Federal Reserve Bank of New York Federal Reserve Chairman Ben Bernanke Fixed Income Analysts Societyâ€™s Hall of Fame foreclosure crisis foreclosure prevention foreclosures Freddie Mac Goldman Sachs HAMP hedge-fund manager Greg Lippmann loan modifications Maiden lane II Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode moral hazard mortgage crisis mortgage principal cuts don't help homeowners mortgage refinancing newt gingrich obama administration one west bank president obama principal reductions REST Report RMBS Sorites Paradox strategic default structured products research TARP TransUnion TransUnion vice president Treasury Secretary Tim Geithner trial modifications UBS unemployment wall street bankers Wall Street Journal wells fargo bank William C. Dudley

The Recession is Over! Long Live the Recession!

Written on 11 Oct, 2011 at 12:33

Look people... don't get bummed out about this study, because a few years from now the NBER is probably going to refer to today as having been a peak. ... (Continue reading)

Tagged with: american jobs creation act bailouts banking lobby Bureau of Labor Statistics Carmen Reinhart and Kenneth Rogoff Deflation diana olick double dip economic recovery economic statistics economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Bank of New York Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP Henry S. Farber of Princeton University Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman median income ml-implode Neal Lipschutz Occupy Wall Street Sentier Research the great recession this time is different Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers Wall Street Journal wells fargo bank