Wall Street Breakfast: Must-Know News [View article]
Glad cramdowns did not pass. Not acting on foreclosures does not solve the problem, yet it scares investors. I've experienced that in Europe where the bank is at the owner's mercy to get the property back.
Banks on the Verge of a Nervous Breakdown [View article]
Great article! Good analysis. From the safety tips especially valuable are 1, 2, 3, 4, 7, 8, 6, 5, 10, and 9. I wouldn't be surprised to see some Morgan Stanley merchandise on eBay as well. I think that glass door with AIG logo featured on every news channel will look very good in my house.
Wall Street Breakfast: Must-Know News [View article]
Banks on the Verge of a Nervous Breakdown [View article]