Category: TARP

“We effed up; we trusted them”

1 March, 2010 (12:07) | Banks, Capital markets, JP Morgan, TARP, US News |

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, […]

Uh-oh, FHA’s ailing

24 February, 2010 (13:50) | FHA, Finance, HUD, Subprime, TARP, US News |

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 […]

Rumpelstiltskin’s fee: Part 2, the motives

26 January, 2010 (11:40) | Banking, Legislation and policy, Regulation, Subprime, TARP, Theory, US News |

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 –   […]

Rumpelstiltskin’s fee: Part 1, the libels

25 January, 2010 (10:48) | Banking, Legislation and policy, Regulation, Subprime, TARP, Theory, US News |

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 […]

Month in Review: September 2009, Part 2

13 November, 2009 (11:43) | Capital markets, Condominiums, Month in review, Speculation, Subprime, TARP |

[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 […]