Tag Archives: federal reserve bank of new york

The Return Of The Subprime Market?

You want some toxic assets, Mr? Well, if you think you can make some money with them, why not? Everything has its price. The WSJ reports: The Federal Reserve Bank of New York’s recent success in auctioning nearly 90 subprime-mortgage … Continue reading

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Mortgage-Backed Securities

Until 2006, the mortgage business was the most reliable business in America for more than a hundred years. Then it all went to hell. Stocks and bonds and banks backed by mortgages suffered huge losses. The NYT reports: While much … Continue reading

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Regulating Derivative Trading

From the New York Times: The Federal Reserve moved Monday to overhaul the financial apparatus behind derivatives trading, a regulatory step intended to assure that the failure of a major bank or investment firm would not create the systemic threat … Continue reading

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Bear Stearns Wiped Out By Mortgage Mess

From Fortune: Shareholders of the New York-based brokerage firm voted Thursday to approve JPMorgan Chase’s $2.2 billion all-stock acquisition of Bear. The outcome was no surprise: JPMorgan (JPM, Fortune 500) already owned almost half of Bear Stearns’ stock outright, and … Continue reading

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Refinance and the Fed

From the New York Times: WASHINGTON — Over a frantic weekend in mid-March, Ben S. Bernanke rewrote the rule book as chairman of the Federal Reserve. Timothy F. Geithner, president of the Federal Reserve Bank of New York, and a … Continue reading

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