Posts Tagged ‘Federal Reserve Bank of New York’

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

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)

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

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

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)

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The Recession is Over! Long Live the Recession!

The Recession is Over!  Long Live the Recession!

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)


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