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  • In an unusual twist, Boeing (BA) is stepping up criticism of the NTSB's characterization of battery-fire dangers aboard the 787. Last month NTSB Chairman Deborah Hersman said the incidents with the 787's lithium-ion batteries posed "unprecedented" safety concerns, ending in a so-called thermal runaway. But for the second day in a row, a high-ranking BA executive disputed the NTSB's description, saying it didn't fit the aircraft builder's view or industry-wide definitions of a thermal runaway, which entails "extensive heat and an uncontrolled fire of the battery that basically consumes the entire battery." [View news story]
    She's a politician, selected by politicians, and versed in the rhetoric of panic.
    Mar 16, 2013. 12:46 PM | Likes Like |Link to Comment
  • With Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) increasing their efforts to persuade banks to buy back soured mortgages, five top lenders - BofA (BAC), Wells Fargo (WFC), JPMorgan (JPM), Citigroup (C) and Ally Financial - set aside nearly $3B in H1 to repurchase the loans, Bloomberg calculates. Regional lenders such as SunTrust Banks (STI) put aside an extra $1.3B. [View news story]
    Two words: "Market distortion."
    Aug 15, 2012. 10:25 AM | Likes Like |Link to Comment