September 5, 2008
After a cold streak in early August where it missed closing banks two Fridays in a row, the Federal Deposit Insurance Corporation is en fuego. It has closed U.S. banks three of the last three Friday nights, including tonight's...
Hi, Tom Vanderwell here with another of my Mortgage Market Week in Review guest posts. Thanks to Paul for giving me the privilege of putting it here.....Well, it's Friday again, everyone is back in school, my 18 year old...
Is the Freddie/Fannie bailout plan being underplayed? News late today that Treasury plans are likely to be announced imminently strikes many people, myself included, as one of the biggest financial events in modern memory, and yet it feels underplayed. Why...
Word all over after the market close is that Treasury is finalizing its Fannie/Freddie bailout/backstop plans. The plans allegedly include changing senior management -- you think? maybe? gosh -- as well as putting taxpayers on the hook for a few...
Some quick things that caught my eye today: More anger unleashed over Bill Gross and Pimco (Big Picture) Paul Volcker says U.S. financial system is badly broken (Bloomberg) The first (and only) hurricane to hit southern California in modern history...
This morning off the top of The Call on CNBC I was chatting about jobs and the economy with Larry Kudlow and Robert Reich. It was, as you might expect, highly amusing, with noisy positions taken all around, and little...
