Anthony M. Freed

What Might Happen in a Big Bank Failure?

There is really no way to know - I don't know if anyone can trust any numbers that are released any more, by anyone.

Combine that level of uncertainty with the idea that all of this money is "fungible" - you know, like none of the TARP or TARF money went to parties, bonuses, or to foreign Sovereign Wealth funds - that was all different money than the money took from us to keep from folding.

Who knows up from down anymore.

BTW - this wss written by my friend Scott Wilson, I was just asked to publish it for him through several channels.

Thanks!


On Mar 12 03:45 PM Briber wrote:

> Are you saying that the FDIC lost $200 MM on this closure? That
> is not what I heard.

How Will We Finance the MBS Fix?

On Dec 23 08:06 AM Alan von Altendorf wrote:

> Your spelling and grammar are atrocious. You also forgot to address
> MBS as such. Kinda scary that you worked in banking.

You write in sentence fragments, and you sound like a troll.

Glass house stone throw no. Does that make sense to you?

How Will We Finance the MBS Fix?

That is the point - no one is talking about the details of the buyout of the MBS garbage. Why do the banks get to make money off their bad investments while we have to assume all of the risk.

You obviously do not know anything about which you speak, and you propagate ignorance.

Your are a Bush voter I bet. You guys got us into this mess, and you want to make a buck getting us out of it? Forget you!

If the US taxpayer is going to own the risk, then we should get the rewards as well - or at least the "easy money" from servicing.

I bet you are all for the bailout, CEO's golden parachutes and lower taxes. People like you are ruining our country, and making us a second class economic power.


On Dec 23 09:36 AM tcornelison wrote:

> I think the lack of knowledge is with the authors. It is amazing
> that two of you couldn't do better than this. They are purchasing
> the securities, not the servicing rights to the loans. No one has
> suggested that the government will begin servicing loans.

How Will We Finance the MBS Fix?

I notice you do not offer any articles or analysis yourself, just empty criticism. You also hide behind anonymity and have not posted a picture of yourself.

I think this generally means that you are a coward and an ass, with little or nothing to offer.

No Bio? You probably have no education or credentials, hence the need to hide from everyone.

Cowardly Troll!


On Dec 23 09:00 AM I should know wrote:

> Your 957 word, 23 paragraph rhetorical oratory could have been summed
> up in a few sentences.
>
> The government’s proposal to buy up MBS has substantial unresolved
> issues. There is plenty of excessive work in servicing toxic loans
> versus well performing loans. The government is ill equipped to perform
> this task and customarily boggles these type of tasks. A small number
> of major banks and mortgage servicing companies are qualified and
> equipped to service the MBS purchased by the Feds such as Chase (JPM),
> Bank of America (BAC), and Wells Fargo (WFC). There may be a buying
> opportunity with one or more of these companies.
>
>
> Anthony, your picture, or mug shot looks like is was taken in the
> exercise yard of Attica Correctional Facility. The fact that you
> worked in marketing, originating, processing, closing, secondary
> markets, and even foreclosures does NOT make you a “subject matter
> expert”. A blind, one-armed monkey could and probably does do those
> small tasks on a daily basis.
>
> SHEESH!