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Quote of the Day
Mar 17, 2008Attributed to Christopher Whalen at Institutional Risk Analytics:
“…what fair value accounting is doing is forcing everyone to write anything they can’t value today to zero. That’s a wonderful, classical approach to accounting, but if we do that we’re going to deleverage our financial system in a way that will make the 1930s looks like a trial run.”
This, from an interview on Bloomberg TV Monday morning. Want to see the whole thing?
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Foreclosures Set All Time Record in Fourth Quarter
Mar 06, 2008 -
Agency MBS Spreads Reach Two Decade High
Mar 05, 2008 -
Thornburg Mortgage Tanks as Liquidity Concerns Mount
Mar 03, 2008 -
Pace of New Home Sales Drops; Months of Supply Nears Three-Decade High
Feb 27, 2008 -
Housing Starts Remain Near 17-Year Lows During January
Feb 20, 2008 -
FGIC Wants Breakup of Mortgage, Muni Guaranty Business
Feb 15, 2008 -
First CMBS Deal in 2008 Finally Gets out the Door
Feb 14, 2008 -
Bloomberg: ResCap Parent May Face ‘Substantial Difficulty’
Feb 14, 2008 -
Paulson On Securitization: SEC to Reassess ‘Rules of the Road’
Feb 14, 2008
