Supporting, Informing & Connecting People in Foreclosure
WASHINGTON -- Top policymakers at the Federal Reserve are fighting efforts to rein in widely reported bank abuses, sparking an inter-agency feud with the FDIC and the Treasury Department. The Fed, along with the more bank-friendly Office of the Comptroller of the Currency, is resisting moves to craft rules…Continue
Let's just call the $550M "Vig" money...
Added by Capt. Jack on December 21, 2010 at 4:20pm — No Comments
$nip>You may have been hearing about the various mortgage fraud scandals ripping through Wall Street and the economy. We believe the problems are real, though their full extent remains unknown. At the Dada portfolio, we've decided to put a little bit of capital into betting… Continue
Added by Capt. Jack on December 21, 2010 at 4:16pm — No Comments
Today we get a brief glimpse of what will happen to the Fed's balance sheet when rates surge. In the span of one day, the Fed took an $8 billion unrealized loss on its $1.07 trillion in Bonds, TIPS and Agencies. It also likely…Continue
Added by Capt. Jack on December 14, 2010 at 11:05pm — No Comments
"Mortgage Flippers", "Societal…Continue
Added by Capt. Jack on December 14, 2010 at 10:22am — No Comments
On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance.…Continue
By Danny Yadron
Rep. Ron Paul, the Texas Republican who has passionately called for dismantling the Federal Reserve, will be running the panel that oversees the central bank when Republicans take the House majority next year.
Audit the Fed, Fannie and Fannie immediately. Put an…Continue
The big banks claim that they have paid back all of the bailout money they received, and that the taxpayers have actually made money on the bailouts.
However, as Barry Ritholtz notes:
Pro Publica has been…Continue
Added by Capt. Jack on December 6, 2010 at 2:04pm — No Comments
Anybody who doesn't realize what's been going on by now never will.
Added by Capt. Jack on December 3, 2010 at 1:34pm — No Comments
In case you want to watch...
The show airs live 4:00 PM - 5:00 PM EST on MSNBC
Added by Capt. Jack on December 1, 2010 at 1:32pm — No Comments