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36 Resources for

matt stichnoth

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Economy.com: Credit Scores' Predictive Mojo Possibly on the Wane
From Tony Hughes at Economy.com (sorry, no link), a conundrum: How is it that credit scores have risen at the same time that consumer delinquency rates have gone up? Weird, but true. Take a look: by Matt Stichnoth
Tags: Score, Rate, Seeking Alpha, Matt Stichnoth, Financial
External links 2008-10-23
Banks' Fed Borrowings Down
More signs of unfreezing: The Fed, in a report issued Thursday, said commercial banks averaged $38.153 billion in daily borrowing over the week that ended Wednesday. That was down slightly from $38.155 billion in the week ending May 20. by Matt Stichnoth
Tags: Financial, Matt Stichnoth
External links 2009-05-30
WAPO's Heroic Portrayal of TARP Proof of Reporters' Short Memories
The Washington Post’s Binyamin Appelbaum discusses the big banks’ plans to get out from under TARP: The strongest banks have pressed the administration for permission to repay the aid they received in the fall during the depths of the financial crisis. The government's embrace kept them from...
Tags: Financial, Matt Stichnoth, Citigroup Inc.
External links 2009-06-04
BofA Pays Out: So Much for the 'New Normal'
Ken Feinberg isn’t going to be happy about this: Bailed-out Bank of America BAC has been doling out millions in bonuses in an effort to lure talent and keep investment bankers who management views as vital . . . by Matt Stichnoth
Tags: Financial, Matt Stichnoth, Bank of America Corp.
External links 2009-06-19
AJC: RealtyTrac's Foreclosure Data Is Bogus
The Atlanta Journal-Constitution confirms what a lot of people have thought for a while: RealtyTrac’s mortgage foreclosure data, supposedly definitive, tend to be bogus: When the most frequently quoted source of foreclosure information released its April statistics, it estimated that 3,746 properties in metro Atlanta’s five...
Tags: Financial, Matt Stichnoth
External links 2009-06-22
Caroline Baum: Obama's Regulatory Campaign Is Disastrous
Bloomberg’s Caroline Baum isn’t convinced the Fed can be the all-knowing “systemic risk regulator” the Obama administration wants it to be: In other words, the same folks who missed, or did nothing to prevent, the worst crisis since the Great Depression will definitely, absolutely, positively be able to...
Tags: US Market, Financial, Matt Stichnoth
External links 2009-06-24
Sheila Bair Doesn't Seem to Want This Banking Crisis to End
So now Sheila Bair wants to require private equity investors maintain a 15% Tier 1 ratio at banks they own (vs. 8% for non-PE investors) and hold their bank investments for at least three years before selling. Wilbur Ross is not happy: Billionaire investor Wilbur Ross, whose...
Tags: Financial, Matt Stichnoth
External links 2009-07-07
Will AIG's Liquidation Ever End?
The non-breakup of AIG continues apace. On Tuesday came word that the company can’t sell its International Lease Finance aircraft-leasing unit, once thought to be one of its crown jewels, and may instead hold on to the business and operate it for awhile longer. by Matt Stichnoth
Tags: Financial, Matt Stichnoth, American International Group Inc.
External links 2009-07-15
Housing: Semi-Panic in Orange County?
If I didn’t know better, I’d say the Orange County, Calif., residential real estate market was turning positively bubbly: Foreclosed house draws 135 offers by Matt Stichnoth
Tags: Financial, Matt Stichnoth
External links 2009-07-16
Interchange Controversy Not Entirely One-Sided (NYT)
I would have assumed that, even during an era when bankers aren’t pariahs, the typical news story about credit card interchange fees would be heavily slanted against the greedy banks that charge them, and would inevitably contain sympathetic profiles of the mom-and-pop retailers that the banks exploit. Wrong! Oh,...
Tags: Financial, Matt Stichnoth
External links 2009-07-19
Orange Country Banks Accepting Lowball Foreclosure Offers
News of the weird: In Orange County, California, banks selling foreclosed properties don’t appear to be especially persnickety on price: by Matt Stichnoth
Tags: Financial, Matt Stichnoth
External links 2009-07-22
'Foreclosures in Lenders' Best Interest'... Duh
The Washington Post reports the screamingly obvious: loan modifications aren’t the great deal for lenders that their boosters insist: The problem is that modifying mortgages is profitable to banks for only one set of distressed borrowers, while lenders are actually dealing with three very different types....
Tags: Financial, Matt Stichnoth
External links 2009-07-29
Cash for Clunkers Ends; Auto Dealers Rejoice
The Cash-for-Clunkers program will end Monday, the government says.Not a moment too soon! One gets the sense that if the feds hadn’t pulled the plug on the program themselves, auto dealers were set to do it for them: by Matt Stichnoth
Tags: Transport, Matt Stichnoth, Ford Motor Co.
External links 2009-08-23
Sheila Bair: FDIC Sell Toxic Assets? Forget It
Sheila Bair suddenly sees the wisdom of banks working their troubled assets rather than selling them into an inhospitable market: by Matt Stichnoth
Tags: Financial, Matt Stichnoth
External links 2009-09-01
Gordon Brown on Bankers' Comp: Not Totally Idiotic
In the UK, Gordon Brown means to get tough with banks’ pay practices: Gordon Brown has pledged tough action to clamp down on excessive remuneration for bankers as part of an international effort to rectify the systemic weakness that led to the global financial crisis. by Matt...
Tags: Financial, Matt Stichnoth
External links 2009-09-02
TARP: Why The Media Doesn't Need Every Detail
I understand that media outlets like the Boston Globe are completely within their rights when they ask for the list of which banks got TARP money and which were turned down. I can even understand why reporters might be disappointed when the list arrives from Treasury with the turn-downees’ names...
Tags: US Market, Financial, Matt Stichnoth
External links 2009-09-16
Goldman Only Lost Money Trading One Day Last Quarter
The credit crackup hasn’t been all bad, believe it or not. Goldman Sachs GS disclosed yesterday that its trading operation only lost money one trading day last quarter, en route to generating $6 billion in net income. How did Goldman manage that? Simple. It stayed solvent: Goldman’s ability...
Tags: Financial, Matt Stichnoth, Goldman Sachs Group Inc.
External links 2009-11-05
Stress Test Results: Conclusion First, Crunch Numbers Later
In case you had any doubt that the bank stress tests were rigged from the get-go: Officials have said that at least a handful of the 19 banks undergoing the exam will need to raise sizable amounts of fresh capital, a move that will severely dilute...
Tags: Financial, Matt Stichnoth
External links 2009-04-23
Haven't First-Time Homebuyers Heard of Roubini?
Somebody forgot to tell first-time homebuyers that the nation’s housing market is in permanent black-swan mode. From today’s Boston Globe: A growing number of first-time buyers are jumping into the housing market this spring because of falling prices, historically low mortgage rates, and an $8,000 federal tax credit....
Tags: Financial, Matt Stichnoth
External links 2009-04-12
Merrill Brokers' Pending Exodus Likely Exaggerated
I’m as willing as anyone to believe Merrill MER brokers are itching to move elsewhere once the BofA BAC deal closes. But the New York Post’s report yesterday that “between 20 percent and 30 percent of the 16,800-strong brokerage force might jump ship” following the deal sounds a tad overwrought....
Tags: Broker, Exodus Communications, Seeking Alpha, Matt Stichnoth, Bank of America Corp., Merrill Lynch & Co. Inc., Financial
External links 2008-11-03
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