Reggie Middleton

Option ARMs: The Banking Backdrop of 2009

I'm digging through Wells' Fargo ill-timed purchase next week. I've already busted JPM, they aren't being very forthcoming with their problems from the WAMU purchase not the Bear Stearns acquisition. Give me an email and let's compare notes.

Option ARMs: The Banking Backdrop of 2009

It is not necessarily true that all have missed the shorting boat here. The two largest writers of option ARMs have been taken over by larger banks, both of which already had mortgage related and/or credit risk issues of their own. I have delved into this in detail on BoomBustBlog.com.

The issue is, do you believe the government has the ability to make everything better??? Or as Paulson has said several times in the past, the worst is behind us... boombustblog.com/compo.../