Boise County Idaho files for bankruptcy
This is a good sign if you really think about it. If Boise County has unsustainable debt levels then having them file for protection and re-negotiate with their creditors is the proper and legal...
View ArticleMerrill Lynch moving derivatives to BofA FDIC insured bank unit
Utter garbage. How can we sit back and let a bank move a massive load of liabilities to a banking unit that has deposits and is backed by the U.S. taxpayers via the FDIC? No surprise the Federal...
View ArticleJPMorgan joins Goldman Sachs keeping Italy derivatives risk murky
$5 trillion is quite a bit of debt insurance to have exposure on. This could be of concern, both banks should clear up where a majority of this exposure originates before this rumor-mill gets out of...
View ArticleBank of America swings To profit amid heavy one-time items
This may be a turn-around story in the making. The faster they write-off the bad loans and give more disclosure on any contractual and legal liabilities, the better. It looks like they are getting...
View ArticleFed says banks eased loan terms as demand increased in 1st Quarter
Well you already should know what I would, I’ll say it anyways. Not sure that EASING, lending standards is the best course of action when demand increases. That is close to what got us in our last...
View ArticleHome lenders look for alternatives to repossessing homes
We should be looking at all creative areas to help homeowners go through this restructuring process with the goal of making it as least painful as reasonable possible. At the same time we want to...
View ArticleJack Lew tapped to replace Tim Geithner as Treasury secretary
I don’t know too much about Jack Lew, I know he has been a Washington insider for decades. At least from what has been reported, he is not as much of a Wall Street guy like other names that were...
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