TARP Update Below is a Treasury chart of TARP payoffs from their 3Q2010 TARP update. Also the FT reports that according to Treasury officials, 122 TARP recipients have now repaid all or a portion of their government aid. The FT story also said: “Bank of America has told US regulators that it has sold enough
IMF
How Lenders Create Rate Sheets Zero-point rates on loans up to $729k held at record lows for the second week last week even though mortgage bond levels might suggest rates would have dropped further. Jumbos also held steady at very attractive levels. Mortgage bonds benefitted as the EU/IMF’s $140b Greece bailout caused investors to sell
7 More Bank Failures The FDIC, seemingly in the news more and more, sent out an announcement with a listing of its recent enforcement decisions, including final orders or cease and desist orders. No one likes to see their employer on the list. The FDIC also announced the “shuttering” of seven banks on Friday, with
Two days after NYU Economics Professor Nouriel Roubini said markets are on the verge of meltdown, the IMF parroted the sentiment in their weekend meetings in Washington, DC—after four years of ignoring him. From the looks of this Reuters story, there was quite a few photo ops and generalized quotes from President Bush like: “I’m
Yes, Nouriel Roubini said ‘severe’ twice in the same headline this evening when he warned of the problems facing our financial system. The Chairman of RGE Monitor and Professor of Economics at the NYU Stern School of Business has been talking about this since 2004 and, while a speech he made back then to the
Fear and greed… greed and fear. They influence our lives, whether it is on the playground or on Wall Street. We’re dealing with fear right now, but at some point greed will step in. Here’s a decent article on fear and greed. Global Bank Loss Estimates The IMF estimates that worldwide, banks may lose $1.4