Posts Tagged ‘Maiden lane II’

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 Federal Reserve Made a Record $47.4 Billion HELPING Housing Market in 2009?

Written on 27 Jul, 2010 at 20:05

The Federal Reserve, by the way, doesn't exist to make a profit like the commercial banks. Until 2009, the Fed paid no interest on the bank reserves and other monies it holds, and it earns interest on the Treasury... (Continue reading)

Tagged with: AIG AIG bailout asset backed securities bear stearns budget deficit CDOs central banking Deflation double dip economy emergency lending programs Fannie Mae FDIC FDIC Chair Sheila Bair fed makes record profits federal reserve Federal Reserve Chairman Ben Bernanke financial reform bill foreclosure crisis Freddie Mac HAMP inflation jpmorgan chase loan modifications maiden lane I Maiden lane II maiden lane III mandelman matters martin andelman mortgage backed securities mortgage refinancing NACA New York Times recession RMBS TARP Treasury Secretary Tim Geithner US Treasury WaMu washington mutual