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Infectious Greed - Quote of the Day: But We Have 67% Less Jets!
Huffington Post - Key Democrat Slams Stimulus, Predicts More Bailouts
Housing Wire - Wells Fargo Extends Modification Access to 478,000 Wachovia Customers
Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.
If you believe in the United States of America then you will believe in: JPMorgan Chase (which includes Bear Stearns and Washington Mutual); Bank of America (which includes Merrill Lynch); Wells Fargo (which includes Wachovia); Citigroup; Bank of [...]
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 [...]
A guest post by new Blownmortgage.com contributor, MG Dungan. MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. And we’re excited. I hope you are too.
After last week, and last weekend in particular, we can?t help but wonder who?s next.
Although possibly a ploy to gain passage of the Paulson Bailout Plan, [...]
So the biggest bank failure in the history of our country occurred yesterday and quite frankly was somewhat of a non-event. The quick FDIC step-in and subsequent fire sale to JP Morgan kept bank failure on page two with the $700 billion federal bailout clearly the bigger headline. This is something that hopefully [...]
Will a majority stake in Morgan Stanley be sold to China? Brad Setser from the Council of Foriegn Relations weighs in on a report from Reuters about how such a deal between the China Investment Corporation may look.
Reuters is reporting that Morgan Stanley has approached the China Investment Corporation (CIC) for additional capital; it isn?t [...]
I don’t know how many times I can use the word suitor on this blog but as the rumors swhirl and the Wall Street giants teeter on the brink of extinction suitor is probably the best description of the remaining big depositories who are poking around to see if any potential brides have a limited [...]