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U.S. Forecasts Smaller Loss From Bailout of Banks
1 day ago ago from Political Wrinkles
Quote: WASHINGTON The Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report. The new assessment of the $700 billion bailout program, provided by two Treasury officials on Sunday ahead of a report to Congress on Monday, is vastly ...
Related contentOverall, we like the market if for no other reason that investor fear will keep a bid in treasuries which in turn will support mortgage backed securities | Austin Mortgage Blog
4 hours ago ago from Austin Mortgage Blog - Max Leaman Austin Mortgage Call (512) 293-1239
Today’s market is singing a Sonny and Cher tune, “and the bid goes on.” Just when it looked like the Emerging and European markets were headed for a faster paced recession recovery, detours are starting to pop up. Germany’s Industrial Production index dropped unexpectedly, Moody’s downgraded all six government sponsored credits (Dubai), and Fitch downgrading Greek debt are all having a rolling thunder effect throughout world’s fixed income ...
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