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bail out

Who Do You Trust?

by phillenbrandMarch 11, 2009 Bailout

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Amidst the economic turmoil, plummeting housing prices, and rising unemployment, consumers have lost their trust in an awful lot of things. While we’ve always had a healthy distrust for the workings of corporate America, Washington, and Wall Street, it [...]

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Your stimulus – a drop in the bailout bucket

by MorganFebruary 17, 2009 Economy

A great overview of the total U.S. government (read: taxpayer) tab for the bailout by the New York Times (h/t The Big Picture). We’re talking a total of 32% of our 2008 GDP committed to this bail out. That is a truly staggering number. Amazing that the Republicans in the House and Senate, [...]

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Afternoon Quickie 02/03/2009

by phillenbrandFebruary 3, 2009 We're Reading

Huffington Post - Bailed-Out Wells Fargo Plans Vegas Casino Junkets
Huffington Post - Rewarding Failure
Financial Times - Fight foreclosure
The Big Picture - Quote of the Day: Blaming Short Sellers

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Stop the FHA Subprime End Run

by MorganDecember 19, 2008 FHA

Our Friends over at the Mortgage Lender Implode-O-Meter have issed a statement regarding the fishy-smelling goings-on regarding the uncertain future of FHA seller-funded downpayment assistance.  Here’s a bit of their press release for a synopsis on the problem:
The SFDPA practice was completely banned by the July 2008 housing bill, [...]

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Wachovia, Citi and the FDIC or Wachovia, Wells Fargo and the Fed

by MorganOctober 3, 2008 Mortgage News/Insight

A guest post by new Blownmortgage.com contributor, MG Dungan.  MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. 
Whilst all eyes were upon the Bailout negotiations, there was a little changeroo in the Wachovia rescue package.
According to Reuters on October 3, ?Wells Fargo & Co agreed to buy Wachovia Corp. for more [...]

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The bailout staggers on through Congress

by MorganOctober 3, 2008 Economy

A guest post by new Blownmortgage.com contributor, MG Dungan.  MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. 
Update: Bill passes 263-171. See who voted yea or nay.
The Emergency Economic Stabilization Act of 2008 failed in the House?225 to 228? on September 29. In an unprecedented and unconstitutional move, the [...]

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Do you feel lucky? Do ya?

by MorganOctober 1, 2008 Random Thoughts

Another great one from Jeff:
Copyright 2008 Creators Syndicate

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CEO’s beg: “Protect our commercial paper”

by MorganOctober 1, 2008 Economy

Valleywag has the story on Honeywell CEO Dave Cote’s email to all 122,000 employees encouraging them to support the housing bail out.  Why you ask?  Because Honeywell, like many other large firms, leverage the short-term commercial paper market to manage cash flow and operation expenses.  This market has effectively stopped working and CEO’s like Cote (and [...]

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Unlucky 7’s

by MorganSeptember 29, 2008 Wall Street

The Dow is down 777+ points ($1.1 trillion in market value) today as I write this as the bailout bill failed the House of Representatives.  Of course, I’m in no place to write at the moment, so here are some links:

Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise (Bloomberg.com)
Yes, Virginia, this is a crash (The Big [...]

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