Jan 29 2009
Cram Downs: A Bad Bank and Cram Downs are Diametrically Opposed Ideas.
While the market is intrigued by the nearly $1 trillion fiscal stimulus plan, a mortgage cram down bill has already passed the House. It is amazing that it has taken this long to even get this thing going if the true premise of the politicians and policy makers was to save homeowners from losing their [...]
Jan 26 2009
Federal Reserve and U.S. Treasury Fleece the American Public: Total Market Cap of TARP Participants is $336 Billion, We Can Buy Them Out Completely: Enough with TARP and Nationalize NOW.
As we now are realizing in growing agony, the first $350 billion in TARP funds were poorly managed and did very little to improve the economic conditions of this country. In fact, I have argued that the U.S. Treasury and Federal Reserve through various market actions have taken actions to make saving money a very [...]
