News: 2014-03-14

North America
Ticking Time Bomb: $1 Trillion Leveraged Loan/Junk Bond Issuance Record Cov Lite | David Stockman’s Contra Corner
Fear of Wages - NYTimes.com
U.S. Criticized for Lack of Action on Mortgage Fraud - NYTimes.com
Retail Sales in U.S. Increase for First Time in 3 Months - Bloomberg
U.S. budget deficit smaller than expected in February | Reuters
Fannie investors may be using magic calculators | Considered View | Breakingviews
"Add it all together, and that’s $587 billion of value. That only just covers Fannie’s $555 billion in reported liabilities on its non-guarantee business at the end of 2013. The $32 billion difference doesn’t get close to covering the $117 billion of preferred stock owned by the Treasury, never mind leaving any cash left over for junior preferred or com...


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