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Commentary: No Bondholder Left Behind
Politicians are preparing to give the Fed and Treasury more power to bail out all companies on an unprecedented scale, and so far without any objection from the Fed chairman, according to a Wall Street Journal editorial today… Read More Wall St. Finds Profits by Modifying Home Mortgages
Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value and are then refinancing those mortgages through lenders that work with government agencies like the Federal Housing Administration… Read More Analysis: Renters Becoming Latest Victims as Foreclosure Crisis
Widens
In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing… Read More Analysis: Despite Collapses at Lehman Brothers and Bear Stearns,
Executives Profited
A study set to be released today shows that Bear Stearns Cos. and Lehman Brothers Holdings Inc. executives cashed out nearly $2.5 billion from their firms between 2000 and 2008 even though the financial crisis hammered the shares they held… Read More Swap Auction Sets CIT Bond Value at 68 Percent
Concluding the largest credit default swap auction to date, credit derivatives traders on Friday reportedly set a value of 68.125 cents on the dollar for bankrupt commercial lender CIT Group Inc.’s defaulted bonds… Read More |



























