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Keyword: tarp3

Brevity: Headers | « Text »
  • A Secretive Banking Elite Rules Trading in Derivatives

    12/12/2010 8:27:37 AM PST · by Mojave · 16 replies
    New York Times ^ | 12/11/2010 | Louise Story
    On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance.
  • Mortgage-Backed Securities Without Mortgages?

    11/17/2010 11:28:01 AM PST · by Kartographer · 28 replies · 2+ views
    Market-Ticker ^ | 11/16/10 | Karl Denninger
    Remember, the allegations made by various legal folks in the practice (and apparently validated by the case law thus far) is that not one note has been able to be produced that contains all of the required conveyances and endorsements. What's going to happen when (or if) these folks gain access to the files and find that they're missing - that is, that the custodian doesn't have them? Well now that would be interesting, no? "Mortgage-backed securities" that in fact have no mortgages in them? Why that would be a wee problem, no?