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I have been reading many of the various proposals to solve the financial crisis that we are facing here in the United States and the rest of the globe because the securities that are tied to the values of the troubled US assets were sold all over the world.
The United States is in a period [...]
Filed under: Mortgage Bailout | Tagged: Asset, Bailout, Bank, banks, Clinton, Dodd, Foreclosure, Frank, Housing, interest rate, MBS, Mortgage, Obama, Rate, Security, Valuation | 2 Comments »
Looks like he pretty much called it exactly like it happened….
That’s what I call judgement.
Props to Sweetness And Light
United States Senate
WASHINGTON, DC 20510
May 5, 2006
The Honorable William H. Frist, MD Majority Leader
United States Senate
Washington, DC 20510
The Honorable Richard C. Shelby
Chairman, Banking, Housing and Urban Affairs Committee United States Senate
Washington, DC 20510
Dear Majority Leader Frist and [...]
Filed under: John McCain, Mortgage Bailout | Tagged: Fannie, Freddie, McCain, Mortgage | 1 Comment »
I will start off by saying that I think that McCain is on the right track with this one. This is the best proposal I have heard thus far (other than what the Fed is doing currently with commercial paper) to solve the economic crisis America faces.
First, a bit of an explanation of the root [...]
Filed under: John McCain, Mortgage Bailout | Tagged: Bailout, Economy, fha, Housing, McCain, Mortgage, plan, secure | 13 Comments »
CNN
I don’t even know what to say… I wanna barf.
Filed under: Mortgage Bailout | Tagged: Bailout, house, Mortgage, passed | 1 Comment »
If you are like me, you occasionally wonder what our Congress is spending our tax dollars on. I’ve been searching for an official copy of the bill and the usual summary that accompanies these things – and have not found it. So in the interest folks knowing what is going on, I thought I’d offer [...]
Filed under: Mortgage Bailout | Tagged: Bailout, Bill, Energy, fdic, Mortgage, Senate, tax | 5 Comments »
Reverse Auction Design – will it be in the final bill?
With over 100,000 individual designed mortgage-related securities, obligations, and other instruments outstanding, further divided by multiple rated tranches, auctions to price each piece are not workable. But the Mortgage Bailout Bill depends on price discovery via auction – and as far as I can tell [...]
Filed under: General Politics, Mortgage Bailout | Tagged: Bailout, bernake, Bill, Bush, FICO, interest rate, McCain, Mortgage, Obama, Paulso, securities, treasury | Leave a Comment »
From Hillary’s Op-Ed in the WSJ
There is a broad consensus that Congress must act to stave off deeper turmoil on Wall Street. Irrespective of the final agreement yet to be reached, there are several principles that must be part of a broader reform effort that begins this week and continues in the coming months.
This is [...]
Filed under: Hillary Clinton | Tagged: Clinton, Crisis, Hillary, Mortgage, Solution | 1 Comment »
