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iehiClaimed Blog: IEHI Feed: The Hedge Fund Implode-o-Meter WallStreetBlips Member since March 18, 2009 |
hf-implode.com - 116 minutes ago
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hf-implode.com —
" A day after Bank of America (BAC:
16.25 -0.25%) released details of the 100,000 mortgage workouts
it offered through a homeownership retention program so far, Citigroup (C: 4.25 -0.70%) said it provided workouts for 130,000 distressed homeowners in Q309."
(more)
Citi Gives Mortgage Workouts to 130,000 Borrowers
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iehi
posted 116 minutes agoposted this
iehi
posted 116 minutes agoposted this
hf-implode.com - 2 hours ago
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hf-implode.com —
The government insurance fund that protects more than
$4.5 trillion of U.S. bank deposits slipped into the
red at the end of September, after fifty banks collapsed during the third quarter. The deposit insurance fund dropped by $18.6 billion during the third quarter of 2009 to negative $8.2 ...
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Number of Troubled Banks Rises to 552; FDIC Fund Sinks ...
hf-implode.com - 2 hours ago
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hf-implode.com —
"Public-sector unions have brought the state to its
knees."
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Plundering California
hf-implode.com - 2 hours ago
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hf-implode.com —
" The Federal Reserve asked nine of the
U.S. banks that were part of this year’s stress
tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said."
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Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
hf-implode.com - 2 hours ago
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hf-implode.com —
" Freddie Mac, the government-backed mortgage finance giant,
said Monday it's trying to minimize losses on more
than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business."
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Freddie Mac trying to minimize exposure from failed ...
hf-implode.com - 2 hours ago
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hf-implode.com —
Though the chiefs at both investment banks lost
more than $900 million in their stock holdings, the
professors argue that it is important to also consider all the riches the bankers took off the table in the years preceding the crisis. At Lehman, the top five executives received cash bonuses ...
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Bear Stearns, Lehman Execs Kept Billions . . .
hf-implode.com - 25 hours ago
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hf-implode.com —
" The primary enforcer of this cartel is
the Federal Reserve System. The FED provides the fiat
money that in turn provides banks with reserves to lend. It also serves as the lender of last resort -- officially, to the government; operationally, to the banks. This keeps the largest banks from ...
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"No Right to Know": A Wall Street Financial Site's ...
hf-implode.com - 26 hours ago
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hf-implode.com —
``Some high-level decision-maker at Standard & Poor's has
decided that the public should no longer be allowed
easy access to this crucial number: the Price/Earnings ratio of the S&P 500. That number went above 140 on September 30, 2009 -- the highest ever recorded. It had continued ...
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S&P PE Ratio Reaches 140; Highest Ever. Now Censored By ...
hf-implode.com - 27 hours ago
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hf-implode.com —
" Boies Schiller & Flexner LLP, a New
York law firm led by David Boies, gave Cuomo
$35,000 this year, records show. The firm represents former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg in a civil fraud case the attorney general is pursuing. Lawyers ...
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Cuomo Took Campaign Cash From Lawyers With Matters ...
hf-implode.com - 27 hours ago
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hf-implode.com —
"American International Group (AIG: 35.22 +0.34%) re-branded its
asset management and investment advisory business to PineBridge Investments.
The renaming of the business is part of a transition stage into an independent business."
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AIG Re-brands Asset Management Business
hf-implode.com - 27 hours ago
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hf-implode.com —
"Sources tell The Post that a number of
policy makers have begun mentioning Dimon as a successor
to Geithner, whose standing in Washington has suffered because of the country's high unemployment rate, the weakness of the dollar, the slow pace of the recovery and the government's mounting deficit."
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Jamie Dimon seen as good fit for Treasury
hf-implode.com - 27 hours ago
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hf-implode.com —
" Research shows that the bigger the difference
between what people owe and their home's value, the
more likely they are to walk away, even if they can still afford to make mortgage payments."
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Owners' 'strategic defaults' on mortgages depend largely ...
hf-implode.com - 27 hours ago
hf-implode.com - 28 hours ago
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hf-implode.com —
"CalPERS is delaying a contribution rate hike for
local governments and schools a year, pushing back the
impact of huge investment losses in the stock market crash last year."
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CalPERS rate hike delayed a year
hf-implode.com - 28 hours ago
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hf-implode.com —
"For the first time in seven decades, Treasury
bills are paying no interest while stocks continue to
appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about 1938."
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Bills Yielding Zero as Stocks Soar Make 1938 Moment
