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Non-Agency Mortgage Bonds Collapse
Bloomberg is reporting Non-Agency Mortgage Bonds Fall Amid Selling Concern . Subprime, Alt-A and prime-jumbo mortgage securities reached or approached record lows this month as forced asset sales contributed to the decline in values. Prices dropped to the "hi-teens to mid-20" cents on the dollar ...
Paulson's Swindle Revealed
thenation.com — The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters... are preoccupied with the national election. Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 ... (more) Paulson's Swindle Revealed
Are we there yet, Daddy?
oldprof.typepad.com — There is a chorus of opinion concerning government actions to deal with the economy. It is a... chorus, because nearly everyone agrees, and they are all wrong. It brings to mind the question that every parent has heard at the start of a trip: "Are we ... (more) Are we there yet, Daddy?
NY Times Lending Conspiracy Madness
globaleconomicanalysis.blogspot.com — At least a dozen people asked me to comment on the New York Times article So When... Will Banks Give Loans? Most seem to believe the bank bailout package is part of some complicated scheme by the treasury and Fed to give banks taxpayer money explicitly ... (more) NY Times Lending Conspiracy Madness
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Non-Agency Mortgage Bonds Collapse
IEHI Feed: The Hedge Fund Implode-o-MeterNon-Agency Mortgage Bonds Collapse (blogspot.com) Search Enter your search terms Web HF Submit search form 2008-10-28 ``Now most of the first $350 of the $700 bailout has been spent and we see what those "Top Rated" securities are worth: 18 to 30 cents on the dollar.'' ...

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To do, not to do
krugman.blogs.nytimes.com 10/8/2008 — Follow the leader Readers ask what I think should be done about the financial crisis. The answer is, what Gordon Brown in doing in Britain: a bailout, yes, but one that gives the government an ownership stake in the bailed-out institutions. That plus ...