$$$ Citigroup’s Toxic Mortgage Pipeline Could Mean Mammoth Put-Back Risks [NetNet]
$$$ The Man Who Personally Owes Citi $126 Million [Forbes]
$$$ Is Goldman A Dinosaur? [Fortune]
$$$ Steve Schwarzman didn’t dress up for Halloween this year, while Henry Kravis finally figured out how one can go as a “slutty leveraged buyout.” [NYDN]
$$$ Banks Go Toe to Toe as Wall Street Woos Hedge Funds [Reuters]
$$$ Och-Ziff Posts Gains as Assets Rise [Dealbook]
$$$ Feds’ man on inside agonized as scam went on [Star Tribune]
Carney’s analysis boiled down: I will pull numbers out of my ass from a source who talked about a particular mortgage type and apply said numbers to all Citi mortgage business lines paying heed to neither applicability nor relative size of those lines. From this, I will conclude that Citi is fucked.
It’s really weird how only the Republicans can hear the American people speaking. I wonder how they will decrease unemployment, cut taxes, and balance the budget at the same time with half a Congress. So much of these campaigns involved painting by BS that it should be interesting to see if real policy alternatives develop. The Republican message seems to be, heads, you do what we want, tails, you do what we want, unless the coin stands on end, in which case, you do what we want.
and?????
-j carney
pretty much, yes.