Are Rising Interest Rates The Next Black Hole For Banks? Banks seem to have perfected the technique of over investing into the wrong asset class at the wrong time. As banks dramatically reduce lending while trying to recover from bad investments in mortgages and commercial real estate, are they now repeating their history of poor […]
Will A New Flood Of Mortgage Bailouts And Defaults Crush Bank Earnings?
February 10, 2010 By Leave a Comment
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 […]
Banking Failure In Minnesota Brings 2010 Total Closings To 16
February 6, 2010 By Leave a Comment
One Tiny Bank Fails in Minnesota – Total Failures Reach 16 In 2010 Regulators closed one bank today in Minnesota. The failed bank had total assets of $18.2 million and total deposits of $16.3 million. The cost to the FDIC Deposit Insurance Fund for the closing of this tiny failed bank is estimated at […]
Was The Banking Crisis The Genesis Of Sovereign Default Concerns?
February 5, 2010 By Leave a Comment
Banking Links – February 5, 2010 The Acquisition Ken Lewis May Live To Regret – The Merrill/Bank Of America Saga – Bloomberg Losses on Mortgages Cause $5 Billion Quarterly Loss At GMAC Financial – MLive Is The Fed Causing Mortgage Rates To Rise As Purchases of MBS Ends? – Bloomberg Homeowners With ARMs Blindsided By […]
Defaulting Mortgages Continue To Inflict Wide Spread Losses
February 4, 2010 By Leave a Comment
Banking Links – February 4, 2010 Why “Strategic” Mortgage Defaults Will Continue – NYT Conforming Mortgage Delinquencies Continue to Skyrocket – Trader Mark, SA Small Private Investors In Commercial Real Estate Face 100% Losses As CMBS Market Remains Frozen – WSJ FHA Facing A Crush of Foreclosures As Delinquencies Increase – NYT Proposed Banking Regulations […]
6 Banking Failures Highlight Horrendous Loan Portfolios
January 30, 2010 By Leave a Comment
Six More Banking Failures Bring Year’s Total To 15 Regulators closed six banks today in Florida, Minnesota, California, Washington and two in Georgia. The six failed banks had total assets of $5.5 billion and total deposits of $4.9 billion. The total cost to the FDIC Deposit Insurance Fund for the six failed banks is estimated […]
FDIC Bair Slaps Down Bernanke – Says Low Interest Rates Incited Financial Crisis
January 19, 2010 By Leave a Comment
Financial Meltdown Fueled By Misguided Fed Policies In an appearance before the Financial Crisis Inquiry Commission, FDIC Chairman Bair testified on behalf of the FDIC on the causes of the worst financial crisis since the Great Depression. Since the financial meltdown of 2008, many financial analysts and government officials have given eloquent after the fact […]