finance and michael steinberg

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Banks Should Forget the Moral Hazard for Now

Michael Steinberg submits: Wells Fargo WFC published “Wells Fargo, NACA Collaborate on Programs to Benefit At-Risk Mortgage Customers” on Friday. Wells cites the Neighborhood Assistance Corporation of America’s (NACA) ability to gain insight into their customers and create effective mortgage restructuring programs to avert foreclosures. Wells will also continue to...

Tags: Bank, Wells Fargo & Co., Seeking Alpha, Michael Steinberg, Mortgages, Finance, Capital Structures, Bank of America Corp., Financial

External links 2008-10-19

Is the Government's Fannie/Freddie Conservatorship Failing?

Michael Steinberg submits: The Wall Street Journal's “Mortgage Plan Isn't Cutting Rates” summarizes the track record of Fannie Mae FNM and Freddie Mac FRE since the 79.9% solution conservatorship:The conforming 30-year fixed rate mortgage rate rose from 6.34% to 6.64%.GSE five year notes are selling for 1.5% over equivalent treasuries.GSEs...

Tags: CEO, Seeking Alpha, Michael Steinberg, GSE, Government, Mortgages, Vertical Industries, Taxes, Finance, Capital Structures, Enterprise Software, Software, Financial Planning, Fannie Mae, Freddie Mac, US Market, Financial

External links 2008-10-31

AIG CEO Edward Liddy?s Optimistic Journey

Michael Steinberg submits: Could American International Group AIG be as great a buy at $2 as Wachovia WB was? The market certainly has shown little faith this morning in the Federal Reserve’s new plan for AIG. AIG will be selling $40B perpetual preferred to the TARP at a 10% dividend...

Tags: American International Group Inc., Seeking Alpha, Michael Steinberg, Government, Vertical Industries, Investment, Financial Services, Enterprise Software, Software, Finance, Wachovia Corp., Financial

External links 2008-11-10