Category: TARP

“We effed up; we trusted them”

1 March, 2010 (12:07) | Banks, Capital markets, JPMorgan, TARP, US News | No comments

By: David A. Smith
 

Shouldn’t have let us have anything valuable
 
Otter : Flounder, you can’t spend your whole life worrying about your mistakes! You effed up – you trusted us! Hey, make the best of it! Maybe we can help. Flounder : [crying] That’s easy for you to say!
 
Last week, at his company’s annual meeting, JPMorgan [...]

Uh-oh, FHA’s ailing

24 February, 2010 (13:50) | FHA, Finance, HUD, Subprime, TARP, US News | No comments

By: David A. Smith
 
When everyone else gets sick, even the healthy start having symptoms too.
 

Oh, I should never have gorged on those ‘07 and ‘08 loans
 
As one of only three stores left open, still selling single-family and multifamily long-term financing, the Federal Housing Administration – the GSE from the right side of the blanket, as [...]

Rumpelstiltskin’s fee: Part 2, the motives

26 January, 2010 (11:40) | Banking, Legislation and policy, Regulation, Subprime, TARP, Theory, US News | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
When the court adjourned yesterday, I was representing my client Rumpelstiltskin, doing business as Uncle Sam’s Club financing,
 

“You pays your money and you gets your loan.”
 
Mr. Stiltskin is single-handedly keeping the American financing system flowing with liquidity, and –
 
[Your Honor, must I listen to these public-gallery outbursts [...]

Rumpelstiltskin’s fee: Part 1, the libels

25 January, 2010 (10:48) | Banking, Legislation and policy, Regulation, Subprime, TARP, Theory, US News | No comments

By: David A. Smith
 
If it please the court –
 
Comes now my client, your honor, the United States government, affectionately known as Rumpelstiltskin – who having rendered a valuable, nay an essential, service to the fair maiden investment banks and her father the banking industry, is now being both cheated of the compensation which he demanded [...]

Month in Review: September 2009, Part 2

13 November, 2009 (11:43) | Capital markets, Condos, Month in review, Speculation, Subprime, TARP | No comments

[Continued from yesterday’s Part 1.]

[Previous Months In Review here: Aug 09, Jul 09, Jun 09, May 09, Apl 09, Mar 09, Feb 09, Jan 09]

 
By: David A. Smith
 
Continuing our review of September’s posts, technology changes interpersonal dynamics and in so doing reveals aspects of human nature, in particular that what matters in crime prevention is [...]