Subprime Problems

John Paulson to make first Sohn conference speech

Hansen — Thu, 17 May 2012 09:00:07 +0000

NEW YORK (MarketWatch) — John Paulson will make his debut at the Ira Sohn Conference on Wednesday, in a rare appearance where the hedge fund manager is expected to publicly discuss his investment view and maybe even dole out a stock pick or two.

Will Facebook’s IPO make E-Trade party like it’s 1999?

Hansen — Thu, 17 May 2012 09:00:07 +0000

I’ll be watching the stock closely to see if it catches a bid.

Ally mortgage unit files for Chapter 11bankruptcy

Hansen — Tue, 15 May 2012 09:00:07 +0000

–Fortress Investment Group’s Nationstar is making $2.4 billion for majority of ResCap’s assets –ResCap has reached agreements with key creditors to release certain liability claims –Ally to take $1.3 billion charge from ResCap’s bankruptcy (Updates with new details about settlements in paragraphs 12-13, details about charge in paragraph 15 and new details about Nationstar in the final two paragraphs)

Thomas Kostigen’s Impact Investor: False capital has value, but not values

Hansen — Fri, 11 May 2012 09:00:10 +0000

More and more, we’re realizing that capital needs to have a purpose beyond simple profit if it’s going to do any good, writes Thomas Kostigen.

Goldman had one day of trading losses in Q1-filing

Hansen — Fri, 11 May 2012 09:00:10 +0000

NEW YORK -(MarketWatch)- Goldman Sachs Group Inc. GS posted one day of trading losses in the first quarter, according to a quarterly regulatory filing. The loss was up to $25 million, the firm said. In contrast, Goldman reported 24 days of trading gains of $100 million or more. The Wall Street firm said it continues to “engage in a dialogue” the Securities and Exchange Commission about an investigation into a 2006 subprime residential mortgage-backed securities offering.

Volcker: Overly liquid markets hurts banking

Hansen — Fri, 11 May 2012 09:00:10 +0000

Former Federal Reserve Chairman Paul Volcker said overly liquid markets are not constructive to the core business of banking, responding to critics who argue that the anti-speculation regulation that bears his name would hamper needed liquidity to the markets.

Caixin Online: Xie: Emerging markets to shadow U.S., Europe

Hansen — Wed, 09 May 2012 09:00:09 +0000

Europe and the U.S. have run out of monetary tricks and emerging-market support, leaving their economies on the brink, Andy Xie writes for Caixin Online.

IPO Report: 10 pint-sized IPOs to price in Facebook’s shadow

Hansen — Wed, 09 May 2012 09:00:09 +0000

10 small new U.S. issues are scheduled this week — slated to be the busiest since 2007 — a week before Facebook is due to trade.

Boston Fed: Housing crisis wasn’t industry’s fault

Hansen — Sat, 05 May 2012 09:00:07 +0000

The cause of the housing crisis wasn’t the financial industry deceiving mortgage borrowers and investors but instead overly optimistic beliefs about house prices, according to a research paper released by the Boston Fed.

Future of ‘safe’ mortgages in CFPB’s hands

Hansen — Sat, 05 May 2012 09:00:07 +0000

One of the most important regulations impacting the future mortgages availability in the U.S. may soon be set by a new consumer watchdog agency, with both banking and borrower lobby groups furiously lobbying to make sure it suits their interests.