Posts Tagged ‘moral hazard’

Foreclosure crisis now includes “Irresponsible Churches”

Written on 18 May, 2012 at 7:09

Praise the Lord, and please pass the foreclosures, right? We need to get through the foreclosures... clear the market... let it hit bottom... isn't that what Mitt Romney, Rick Santelli, House Republicans, quite a few Democrats too... and a... (Continue reading)

Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works

Written on 7 May, 2012 at 6:25

Iceland's mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)

Tagged with: bailouts CNBC CNN consumer spending debt forgiveness deleveraging diana olick economic recovery economy Ed DeMarco falling house prices Fannie Mae Federal Reserve Chairman Ben Bernanke FHFA foreclosure crisis foreclosures Freddie Mac Goldman Sachs greece economy HAMP HOLC Home Owners Loan Corporation iceland IMF International Monetary fund Ireland debt jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode moral hazard mortgage crisis mortgage refinancing mortgage servicers NACA obama administration recession rick santelli TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers World Economic Outlook

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)

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

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