p-mo

Dollar Goes Down Along with Bailout Plan

umm, did anyone notice that the dollar was extremely strong today against the euro + pound sterling?

The Great Consumer Crash of 2009

My apologies. By the nature of your article and the description in your bio, it seems that you are representing yourself as Wharton faculty, which apparently you are not.

In fairness to all, could you clarify what your role is at Wharton?

Oh, and to Mr. jlounsbury59, the results you get from your suggested google search do not lead to the author of this article (except for a bunch of reprints of blog entries from the last couple weeks.)

The Great Consumer Crash of 2009

This guy is a fraud. He is not the "senior director" of anything.

The Great Consumer Crash of 2009

Huh, I can't find this guy's profile on the faculty of Wharton;

www.wharton.upenn.edu/.../

Hmmmmmm?

Fannie May: The Day That Alt-A Died

Icandoitdon;

I guess what I am trying to say is that Alt-A is a somewhat loosely defined category of loans that exists in the space between normal conforming "prime" mortgages and super-toxic "subprime" loans. Alternative-documentio... is one characteristic that might put a loan into that category, but there are others, i.e.; lower LTV, etc... The Alt-As that the GSEs own/owned should be charecterized as the highest quality of the Alt-A varieties, not hte lowest. My contention is that this article implies that FNM had books full of really junky stuff, and that just isn't the case.

Fannie May: The Day That Alt-A Died

Nope, GSE's could not and cannot buy non-verified loans. Alt-A is a broad definition of loans existing between subprime and prime, but the nature of Alt-A that FNM/FRE owned were not of the type characterized by this article.

Fannie May: The Day That Alt-A Died

I don't think you understand what Alt-A's are. They are not no-doc loans. GSE's were never allowed to play in that space.