Tag Archives: credit markets

FDIC Approves An Extended Bailout For Banks

The FDIC guarantees hundreds of billions of dollars of bank debt. Many of the key bank assets are unable to be valued accurately right now because there’s little demand for mortgages, homes, and securities backed by such. The credit market … Continue reading

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Do You Remember The Spring Of 2007?

Everything was great with the economy. Consumer spending was strong. The credit markets looked strong. Sure, the real estate bubble had burst. I am reading the 2008 book by Charles Morris, “The Trillion Dollar Meltdown: Easy Money, High Rollers, and … Continue reading

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Why Mortgage Rates Are Rising

Mike Larson writes: Long bond futures plunged from an intraday high of 124 23/32 in mid-September to around 114 now — a decline of more than ten points in price. Since bond yields move in the opposite direction of prices, … Continue reading

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Is The Bailout On Target?

Here’s an editorial from Newsday: Federal officials may have finally targeted their efforts to the heart of the financial crisis. By guaranteeing deposits and loans and by purchasing bank shares to rebuild reserves, the Bush administration has applied direct heat … Continue reading

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US Home Values Plunge

Report: This statistic leads many industry experts to believe that the foreclosure crisis is only going to get worse. When a homeowner owes more than their home is worth, it’s difficult to refinance in any market. And it’s virtually impossible … Continue reading

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Federal Reserve Offers Refinance Solutions

WASHINGTON (AFP) — The US Federal Reserve said Monday it would begin to pay interest on bank deposits for the first time and expand its refinancing operations for commercial banks to 600 billion dollars in a bid to increase liquidity. … Continue reading

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John McCain Has Plans For The U.S. Treasury

From Bloomberg: McCain repeatedly attacked Obama’s record, saying the Democrat would raise taxes and has never bucked his party’s leadership. “Let’s look at our record,” McCain said. “I’ve fought higher taxes. I’ve fought excess spending. “It’s easy to talk about … Continue reading

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What’s The Theory Behind The Bailout?

From the Washington Post: There is an easier and more politically palatable fix: Pay off all the delinquent mortgages. The financial crisis is a liquidity crisis, yes, but it is ultimately a product of homeowner failures to pay. The proposed … Continue reading

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How To Save The Economy

Mort Zuckerman writes: In the boom years the financial world, which we call Wall Street, reaped rewards to satisfy King Midas. Every day that passes without a remedy multiplies the risk of a complete freeze up of the financial and … Continue reading

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FBI Pursues Mortgage Fraud

From the New York Times: WASHINGTON — The Justice Department announced Thursday that 406 people had been indicted since March on charges of mortgage fraud involving the sale of individual properties, including about 60 who were arrested on Wednesday. The … Continue reading

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