Posts Tagged ‘TALF’

I Would Have Bet Anything Against This 10 Years Ago…

Written on 6 Jul, 2012 at 5:30

If even ten years ago, someone would have tried to tell me that in 2012, young people in Russia would be doing this, while in the U.S.A. our young people would be drowning, I NEVER would have believed it.... (Continue reading)

Is Bank of America Worth $200 Billion?

Written on 12 May, 2011 at 1:30

Bank of America bought Countrywide for $4 billion and change. That sounds funny to me now. You've got to admit it. The idea that someone would PAY money for Countywide has to make you giggle at least... (Continue reading)

Tagged with: angelo mozilo bailouts bank of america banking crisis banking lobby banks citibank countrywide double dip economic recovery economy FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP john thain jpmorgan chase ken lewis loan modifications Making Home Affordable Plan mandelman mandelman matters mark to market martin andelman merrill mynch mortgage servicers NACA one west bank recession REST Report TALF TARP Treasury Secretary Tim Geithner trial modifications wall street bankers wall street bonuses Wall Street CEO pay wells fargo bank

A Crush on Matt Taibbi and a Pox on Both Their Houses

Written on 19 Apr, 2011 at 5:49

So, the strategy now seems quite clear: Our government decided to address the financial crisis and economic meltdown by handing out hundreds of millions to the wives of Wall Street executives so they could invest in student loans and commercial... (Continue reading)

Republicans Leap to the Aid of Banker-Servicers Over AG Settlement Proposal

Written on 10 Mar, 2011 at 9:52

But, unquestionably, the best part of Senator's Shelby's largely unintelligible rant, was when he threw down the "don't fine them or there'll be no lending" card. He draws that card like a gun, doesn't he? He even sounds... (Continue reading)

Elizabeth Warren on the Foreclosure Crisis

Written on 19 Jul, 2010 at 8:58

Elizabeth Warren: "It's about respect. I believe that the American people ought to be part of the conversation about what's happening in our economy, and what's happening in Washington D.C. and what's happening on Wall Street. I truly... (Continue reading)

Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury

Written on 17 Jun, 2010 at 23:00

In some cases, banks are attempting to renegotiate or modify their loans. For example, Midwest Banc Holdings offered to swap $84.8 million in preferred shares issued under the TARP program for $15.5 million in common shares, but that would... (Continue reading)

Tagged with: American Bankers Association Assistant Treasury Secretary Michael Barr bank of america bank seizures bankers banks not making TARP payments ben bernanke commercial bankers credit default swaps defaulting loans FDIC FDIC Chair Sheila Bair foreclosures fraudulent securitization HAMP Indymac bank jpmorgan chase loan modifications Midwest Banc Holdings mortgage bankers association mortgage refinancing NPV NPV test one west bank preferred shares saxon SNL Financial sub-prime borrowers TALF TARP TARP payments Treasury Secretary Tim Geithner U.S. taxpayers U.S. Treasury U.S. Treasury data wall street bankers wells fargo bank

Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm

Written on 30 May, 2010 at 20:59

Roubini explains things I didn't previously understand, such as the details of Federal Reserve Chairman Ben Bernanke's and Treasury Secretary Geithner's response to the meltdown. Oh, I knew some of what those two had done, but not enough in terms... (Continue reading)