Hints and tips:
...As Kelleher took over, the subprime mortgage crisis was just beginning to rip through the US economy....
...But the pandemic has devastated the economy, and his handling of the crisis has helped Mr Biden move ahead in national polls and critical swing states....
...The first of these is that most mortgage market people do not believe it is possible to sell Fannie and Freddie mortgage-backed securities without a government “wrap”....
...Loans and mortgage holidays, which only delay interest payments, risk increasing private debt, already at record levels....
...“This is a national narrative.”...
...V....
...She is expected to repeat the guidance given at the Federal Open Market Committee two weeks ago....
...fund a $1tn national infrastructure plan....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Open question. Depends if he injects a major fiscal stimulus....
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...Prof Mayhew has in the past also floated the idea of a premium-bond style national savings product to help fund long-term social care....
...Garane was a mortgage underwriter, but decided he could probably make more money by returning to the country he left aged nine....
...It was sheer luck that the Federal Reserve had a chairman so well prepared for the moment....
...- Felix Salmon on DeMarco v Geithner - Finance must escape the shadows. - ECB Q&A: will we see a big bazooka or pea-shooter on Thursday? - Fed in the dark on jobs....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...National Portrait Gallery....
...A judge in Regina v....
...Note the latest M-1 multiplier data from the Federal Reserve, which continues to show a deterioration in the velocity of money (H/T Themis Trading’s Joe Saluzzi): Excess reserves at depository institutions...
...Whether the recovery is V-shaped, as consensus believes, or U-shaped and anaemic as I have argued, asset prices should be moving gradually higher....
...- Rogoff: “The fault lies not in Lehman, but in ourselves…” - V-shaped revenue recovery combined with L-shaped capex growth. - Will commercial real estate woes sink pensions?...
...- Modelling Fannie Mae and Freddie Mac – Part V. - Good news: bank robberies are down. - Running low on ammo. - Lending standards tighten, loan demand weakens....
...Related links: SEC V. TREVOR G. COOK, PATRICK J. KILEY, ET AL, Case No. 09 CV 3333 – SEC Litigation release...
...The Federal Reserve last week began buying mortgages backed by government agencies Fannie Mae and Freddie Mac, part of its planned purchase of $500bn over the coming months....
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