rcwhalen's blog

With the Fed and Bank of Japan buying nearly every government and agency security on the planet, even a completely rancid pile of bollocks might look and smell like a lovely red rose... 

We all know that double digit inflation in HPA is not a good thing for the long term recovery of the housing market. 

Cost reductions and layoffs are the drivers for bank earnings... Watch those ski tips.  

The overtly inflationary policy stance of the FOMC is especially significant when you consider that Fed Chairman Ben Bernanke is no longer in control of monetary policy.

Events in Cyprus stem from precisely the same source as the surge in US home prices, namely monetary expansion by the Fed.  

Yo Liz:  Subsidies for the zombie banks total more than $3 annually for every dollar in income reported by the industry... 

You could even make a case that QE is part of TBTF. Chew on that for a while Shirley.

As Morpheus said to Neo in the film The Matrix:  You still think that is air you are breathing?

The 2011 changes by the FDIC to the safe harbor for "true sales" may have been the end of "Too Big To Fail."

Latest from my friend David Kotok.  I think both he and Meredith Whitney are too bullish on the banks

The problem with “too-big-to-fail” is first and foremost the behavior of our beloved political leaders in Washington

Work in the mortgage market?  Never read about Kamala Harris or the  CA "Home Owner Bill of Rights?"  Read on....

“Those are my principles,” Marx said.  “And if you don't like them... well, I have others.”

Q:  Can a ZIRP-driven bull market in US equities exist, side-by-side, with an economic rebound and a bullish outlook on HPA?  A: "No"

It is a “fraudulent transfer” to transfer assets with intent to leave the transferor with inadequate capital... Thus every bank “sale” done for the purpose of reducing regulatory capital is, by definition, fraud – a form of bank theft.