Will A New Flood Of Mortgage Bailouts And Defaults Crush Bank Earnings?

Banking Links

Expect Homeowner Mortgage Bailouts To Continue On Massive Scale – Mortgage Balances Exceed Home Values For 1 of 5 Homeowners - Bloomberg

Looming Credit Downgrades For Citi and BofA – FT

Easy Money Fuels Canada’s Housing Boom – WSJ

What Caused the Housing Bubble – Lax Monetary Policy or Poor Regulation? – Credit Slips

No End in Sight to Losses at Fannie and Freddie – WSJ

The Illusion of Reducing Risk by Implementing “Too Big To Fail” -VOX

The Fed’s Unconventional Tightening – Raising Rates on Excess Reserves – NYT

Bernanke Plans For Rate Increases That May Never Happen – The Addiction of Low Rates – NYT

Senator Asks For Special Bailout of Bank Owned by Campaign Contributors - WSJ

Obama Condemns Huge Bank Bonuses But Doesn’t “Begrudge” Them -  What?? - Bloomberg

Stability of 3,000 US Banks At Risk Due To Commercial Real Estate Losses – WSJ

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