Bruce Krasting Fri 2009-09-04 18:29 EDT

FHFA Report on Restructurings -- Everything is Going Fine

Bruce Krasting

The FHFA released a report on their refinancing activity for the year to date. As usual it was cast in glowing terms. It is clear that FHFA is doing something. In my view that `something' is consistently the wrong thing...No private lender in their right mind would make a 125% loan. These are just losses to be. The FHFA is perpetuating the cycle of default. They are making things worse, not better...No single entity should have this much exposure to the credit market. It defines systemic risk.

Bruce Krasting; FHFA reported; going fine; restructuring.

Mish's Global Economic Trend Analysis Wed 2009-08-26 15:55 EDT

Emails from a Bank Owner regarding FDIC and Under-Capitalized Banks

Michael Shedlock

Here is an interesting Email from a Bank Owner and CEO regarding As of Friday August 14, 2009, FDIC is Bankrupt. ``I have been in banking for over 30 years and from my perspective this is much worse than anything I have seen.'' ABO, who as been in the business 30 years, writes: A comment concerning the FDIC - As of June 30 the rates being charged banks have increased substantially. Risk 1 category went to 12 basis points from 5, risk 2, 17 basis points, risk 3, 35 basis points, and risk 5, 50 basis points. Additionally, a 5 basis point special assessment is being charged on September 30 on total assets less tier 1 capital. It is probable that a second assessment will also be charged in December. The cost of FDIC insurance for a two hundred million dollar, 1 risk rated bank last year would have been around...

bank owner; capitalized banks; Email; FDIC; Mish's Global Economic Trend Analysis.

Tue 2009-06-16 00:00 EDT

Mish's Global Economic Trend Analysis: Fannie Freddie Delinquencies Soar (and they are going to get much worse)

Fannie Freddie Delinquencies Soar; Go; Mish's Global Economic Trend Analysis; worse.

Fri 2009-05-08 00:00 EDT

Terms of Service

Global Crisis `Vastly Worse' Than 1930s, Taleb Says (Update1) - Bloomberg.com; ``Gold, copper and other assets that China will like are the best investment bets as currencies including the dollar and euro face pressures''

services; term.

Tue 2009-02-24 00:00 EST

naked capitalism: The Bad Bank Assets Proposal: Even Worse Than You Imagined

Bad Bank Assets Proposal; imagine; naked capitalism; worse.

Tue 2009-02-24 00:00 EST

naked capitalism: Unrest in China Worse Than Widely Reported

China Worse; naked capitalism; Unrest; widely-reported.

Tue 2009-02-24 00:00 EST

Michael Hudson: Obama's New Bank Giveaway

It Won't Save the Economy; It May Make the Crisis Worse

Michael Hudson; Obama's New Bank Giveaway.

Mon 2009-01-19 00:00 EST

Mish's Global Economic Trend Analysis: Bernanke Hints Banks, Economy In Much Worse Shape Than Previously Admitted

Bernanke Hints Banks; economy; Mish's Global Economic Trend Analysis; previously admitted; worse shape.

Fri 2009-01-16 00:00 EST

naked capitalism: Cautionary Tales: Central Bank Liquidity Injections Made Crises Worse in Latin America

Carmine Reinhart and Kenneth Rogoff; ``authorities found it difficult to mop up the liquidity they had created. Rapid growth in money supply stoked serious inflation''

cautionary tale; Central Bank Liquidity Injections Made Crises Worse; Latin America; naked capitalism.

Fri 2009-01-16 00:00 EST

naked capitalism: Some Cautionary Observations from Marc Faber

``Everybody seems to think that, thanks to the government's monetary and fiscal interventions, this recession will come nowhere near the 1930s slump. However, I think it might be far worse and precisely because of the interventions.''

Cautionary Observations; Marc Faber; naked capitalism.

Thu 2009-01-15 00:00 EST

Just when you thought things couldn't get any worse | The Smirking Chimp

Just when you thought things couldn't get any worse, by Mike Whitney | The Smirking Chimp; deflation, market failure, and government bungling

just; Smirking Chimp; thought things; worse.

Sun 2008-11-23 00:00 EST

naked capitalism: Geithner to Become Treasury Secretary

``Well, it's not Summers...it's even worse.''

become Treasury secretary; Geithner; naked capitalism.

Wed 2008-10-22 00:00 EDT

naked capitalism: "Are Central Banks Making Libor WORSE?"

Central Banks Making Libor WORSE; naked capitalism.

Tue 2008-10-07 00:00 EDT

naked capitalism: Bailout Bill To Make Money Market Liquidity Crunch Worse?

Bailout bill; Make Money Market Liquidity Crunch Worse; naked capitalism.

Tue 2008-09-02 00:00 EDT

Money Matters: Collapse Will Get Worse, Not Better

by Elaine Meinel Supkis

better; Collapse; money matters; worse.

Tue 2008-04-01 00:00 EDT

Mish's Global Economic Trend Analysis: WaMu Alt-A Pool Deteriorates Further

May 2007 liar-loan pool originally rated 93% AAA, now 25% 60-day delinquent or worse

Mish's Global Economic Trend Analysis; Pool Deteriorates Further; WaMu Alt.