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TARP Reversal, Mortgage Servicers on Hot Seat, China Rapidly Slowing

November 13, 2008 By Bill Rice Leave a Comment
paulson_top

TARP Reversal, Paulson ADHD? Paulson leads his dramatic redirection of the Trouble Asset Relief Program (TARP) with an adaption of John Maynard Keynes, “When the facts change, I change my mind – what do you do, sir?”: Treasury Secretary Henry Paulson, whipping out his dead economist quote book, used this gem from John Maynard Keynes to justify his bombshell Troubled Asset Relief Program update and redirection: "I will never apologize for -- for changing an approach or a strategy when the … [Read more...]

Filed Under: Economy, MBS, Mortgage Notes, Politics, Treasury Tagged With: barney frank, china, china stimulus, Henry Paulson, mortgage servicer, paulson, TARP, tarp update, United States, United States Secretary of the Treasury

Obama "Big Bang," Auto Industry, First Time Home Buyer, China Stimulus Package

November 10, 2008 By Bill Rice Leave a Comment
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Obama Gearing Up "Big Bang" Reform Plan? The Obama team is analyzing analogies of FDR and attempting to avoid warnings of Carter-style open 100 days. This is certainly on the minds of an Obama economic advisory board that is in full motion on Obama's opening economic moves. "We can't afford to wait on moving forward on the key priorities that I identified during the campaign, including clean energy, healthcare, education and tax relief for middle-class families," said Mr Obama. "We also need a rescue … [Read more...]

Filed Under: Auto, Economy, Mortgage Notes Tagged With: auto industry, china, china stimulus, emanuel, gm, obama, pelosi, reid, TARP

Obama Reviewed, China, TARP Update, Bank of England, Wal-Mart Indicator

November 6, 2008 By Bill Rice Leave a Comment
walmart

Obama Election Reviewed Everyone is jumping in with there review and assessment of President-elect Obama. Here is what the financial services wonks are saying: Blown Mortgage is tracking Obama's Housing Promises Henry Blodget on the Yahoo! TechTicker is noting Obama already reseting expectations Wall Street Journal is ttracking Economists reactions to Obama Paul Kedrosky says Wall Street doesn't care China Crash Debated Economist Nouriel Roubini, noted economic doomsdayer often attributed with … [Read more...]

Filed Under: Central Bank, Economy, FDIC, Mortgage Notes, Mortgage Rates, Treasury, UK Banks, US Banks, Wall Street Tagged With: bank of england, china, FDIC, gmac, obama, secretary of treasury, sheila bair, tarp update, troubled asset relief program, wal-mart

Weekend Notes

October 25, 2008 By Bill Rice Leave a Comment
shorting fluff

Why loan modification plans have an uphill battle? Investors on Loan Modifications Here come the insurance bailouts Peter Lynch on finding/timing the market bottom Lindzon is shorting fluff--I think a lot of investors and CONSUMERS will be, we have been sufficiently shocked China sees opportunity to get superpower respect. In financial currency markets? Banking innovation slowly unwinding--back to brick and mortar? Next consumer credit crisis front--credit cards--the Mark Cuban plan Tracking … [Read more...]

Filed Under: Uncategorized Tagged With: bailout, banking innovation, china, currency, finance books, insurance, lindzon, Loan Modification, market bottom