TommyG

Bank of New York and Bank of America vs. AIG: No Winner in Sight

While not condoning any action that Countryside/Bof A or any other lender took or allowed, if the people in charge at UG who guaranteed the mortgages didn't do any kind of due dillegnce on what they were guaranteeing they deserve to go down. It couldn't have been that tough to figure out. They could have put an end to the BS but they were as greedy as the rest.

John Hussman: Can the Emergency Housing Bill Be Fixed?

ASG, I believe you are correct, bought both Fanny and Freddie. I don't believe they'll need to borrow. Not that they were the most well managed company around, the lobbying they do is disturbing. They need to reduce assets, shore up capital a bit. New mortgage bond program may ease some of the pressure they have to lend.

Why Oil Tripped as Fannie & Freddie Survived

His/Her lips are moving. Mark to Market is killing the financials, don't see why it has to be. An asset (loan) is impared if it's not performing, not because someone decides not to buy it. Look at how large corps value their A/R and reserves for bad debt. Fannie and Freddie have performing portfolios and could raise large sums by reducing the amount of loans they make.

Fannie & Freddie: Myth vs. Reality, Part 2

Bought a modest amount of both, the GAAP mark to market has created large opportunities in financials.