Debt’s Deadly Grip – NY Fed Quarterly Report on Household Debt and Credit

And it looks lovely… Fair Game – Debt’s Deadly Grip By GRETCHEN MORGENSON Published: August 21, 2010 Excerpts from the report: Last week, this harsh truth was made clear yet again, in a report on consumers’ financial well-being by the Federal Reserve Bank of New York. The first of a Fed series to be published … Read more

NY Fed Joins Other Investors on Loan Repurchase Bid

These investors have topped the key 25 percent threshold for voting rights on 2,300 “private-label” mortgage bonds, which will give them the ability to force trustees to act on repurchase requests. Investors heretofore have been frustrated by trustees and servicers, who have said they are limited in the information they can share. ~ “Investors have … Read more

Shadow Banking – Federal Reserve Bank of New York Staff Report no. 458 July 2010

via Wikipedia Shadow Banking System Shadow banking institutions are typically intermediaries between investors and borrowers. For example, an institutional investor like a pension fund may be willing to lend money, while a corporation may be searching for funds to borrow. The shadow banking institution will channel funds from the investor(s) to the corporation, profiting either … Read more

Correspondence Between A.I.G., the Federal Reserve Bank of New York and the Securities and Exchange Commission Over How to Keep Elements of the Bailout from being Publicly Disclosed!!!

Timmy!!! Looks like you has some explaining to do… Reuters:  SEC mulled national security status for AIG details NEW YORK (Reuters) – U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, … Read more