Browsing Tag

cramdowns

News from around the web: 2009-08-06

Calculated Risk: Google Maps Shows Foreclosure Status You can get data on just about anything these days. Amazing maps. Almost scary. Fannie Mae seeks $US10.7b in aid after loss Here's a thought: if Citi were in government hands…

Links: 2009-05-02

Berkshire’s Munger Favors ‘100% Ban’ on Credit Swaps - Bloomberg.com Berkshire Hathaway Inc. Vice Chairman Charles Munger said he supports an outright ban of credit- default swaps to prevent speculators from profiting on the failure of…

Jon Stewart’s indictment of CNBC

Last night I featured a video from Jon Stewart that skewered CNBC, and specifically Jim Cramer. The video is quite funny as Jon Stewart's show is a comedy show.However, since that segment aired, Jon Stewart has decided to end the…

Cramdowns are coming your way

Below is an interview with an expert on the issue of mortgage cramdowns. Basically, this issue is all about debt forgiveness for borrowers and writedowns for lenders. Lenders do not like cramdowns for that reason. See below for a view on…

Links: 2009-01-25

'Drug money flowed into banks' - Fin24 South Africa (This is a must-read article)California’s First Centennial Bank Shut by Regulator - Bloomberg.com (Another FDIC Friday night special)Older workers escaping the ax - MSN Money (Very…
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