Hints and tips:
...There’s plenty of gore in Julie Mae Cohen’s Bad Men (Zaffre, £14.99), but this time the victims are male — dispatched by Saffy, a rich, designer-clad female serial killer....
...George Richardson, director of capital markets for the World Bank, puts it more bluntly: “The switch to Sofr is going to happen.”...
...This, combined with the fall in governments, afforded the highest, triple-A credit rating, and the drop in debt issued by US agencies – such as Fannie Mae and Freddie Mac – is pushing up order books....
...Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance, by Viral Acharya, Matthew Richardson, Stijn van Nieuwerburgh, Lawrence J White, Princeton, RRP£16.95, $24.95 It is comforting...
...Cooley, Robert Engle and Matthew Richardson, all of whom argue that while measures such as the Volcker Rule — as enforced under the Financial Stability Oversight Council — represent important steps in curbing...
...Fannie Mae and Freddie Mac have cost the US taxpayer $150bn and the bill could rise to at least twice that....
...If the Richardsons default on the loan, taxpayers will foot the bill, through an arrangement with Fannie Mae, which has agreed to repurchase loans from the programme, as long as they do not go bad within...
...In the week before the failure of Lehman, I among others urged Mr Paulson, who had just bailed out Fannie Mae and Freddie Mac, not to keep on rescuing financial institutions....
...Bill Richardson, the former governor of New Mexico, described the crisis as the “hurricane Katrina of the mortgage-lending industry”....
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