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IEHI News feed
Tracking the many faces of the global credit implosion.
You can pull sub-categories from this feed by adding a ?tags=a,b,c,... style parameter. The category tags (which can be given as numbers or handles) are :
id handle category description
1 housing_finance "Housing Finance News/ML-Implode Main"
2 hedge_funds "Hedge Funds News"
3 fed "The Fed and Central Money Management (News)"
4 foreclosures "Foreclosures (News)"
5 chavez "Hugo Chavez Watch (News)"
6 builders "Home Builders News"
7 banks "Banks News"
8 credit_bubble "Credit Bubble and Crash (News)"
9 peak_oil "Peak Oil and Energy Security (News)"
10 BRIC_v_us "BRIC countries vs. U.S. (News)"
11 gov_bk "Government Bankruptcy (News)"
12 mediawatch "Mainstream Media Watch"
13 Our commentary "IEHI Original Commentary"
14 rebalancing "Economic Rebalancing (News)"
15 pm "Precious Metals News"
16 inflation "Inflation and Deflation News"
17 nr "Natural Resources News"
18 consumer "Consumer Capitulation News"
20 pe "Private Equity Implosion (News)"
21 recession "Recession/depression News"
22 ML_implosion "Mortgage Lender IMPLOSIONS"
23 HF_implosion "Hedge Fund IMPLOSIONS"
24 HB_implosion "Home Builder IMPLOSIONS"
25 Bank_implosion "Bank IMPLOSIONS"
26 ML_update "Mortgage Lender UPDATES"
27 HF_update "Hedge Fund UPDATES"
28 HB_update "Home Builder UPDATES"
29 Bank_update "Bank UPDATES"
30 RFWS "Radio Free Wall Street"
31 FHA "FHA and Mtg Regulation (News)"
32 martial_law "Martial Law Watch (News)"
33 pension "Retirement Implosion (News)"
34 mtgindustry "Mortgage Industry (News)"
Updated: 33 min 19 sec ago
Europe's banks brace for UK debt crisis
"UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than Greece."
JP Morgan CEO Dimon… …Headed for the Slammer?
"The city issued an arrest warrant for CEO Jamie Dimon for illegal dumping. Of course, running the bank through New York means Dimon was nowhere near Atlanta… but that got the bank’s attention, and a judge cancelled the arrest warrant."
Commercial Real Estate Risk Remains Key Concern for US Banking Sector
"Fitch’s rating outlook for the U.S. banking sector remains negative, although many of the factors that put negative pressure on ratings are easing. We are pleased to offer a complimentary download of Fitch’s latest US Banking Quarterly, which includes individual comments on the top 24 banks rated by Fitch."
Lawmakers get eviction notices
The state's money problems are so bad that lawmakers are getting eviction notices and calls from collection agencies about their offices back home.
At least five state senators say they've piled up so much unpaid rent, sheepish landlords are asking them when the government plans to make good on its bills.
Greece Bailout Ping-Pong, No Deal Underway; Pension Promises Add To Greek Debt Woes; How Does Greece Compare To US?
"For all the talk about how the US will implode because of Social Security and Medicare, it appears much of the Western world is in the same boat. This is certainly not a pretty picture."
Imploded: Statewide Bank, Covington, Louisiana
Statewide Bank, Covington, Louisiana, becomes the 30th FDIC insured institution to be closed by the agency in 2010. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $38.1 million. Read our full coverage here.
Imploded: Old Southern Bank, Orlando, Florida
was the 29th FDIC insured closed by the agency this year. In a rare occurrence the bank was shuttered on a Thursday. Read our full coverage here.
Imploded: Park Avenue Bank, New York, New York
Park Avenue Bank, New York, New York is the 28th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) will be $50.7 million. The FDIC will acquire a cash appreciation instrument for it’s troubles. Read our full coverage here.
Equitable Reverse, Pan American and Sovereign Bank
Read the latest full scoop -- premium members only (cheap, $10/mo subscription required. Cancel at any time).
Greece debt: EU agrees bailout deal
"The eurozone has agreed a multibillion-euro bailout for Greece as part of a package to shore up the single currency after weeks of crisis, the Guardian has learnt."
Imploded: LibertyPointe Bank, New York, New York
LibertyPointe Bank, New York, New York was the 27th FDIC insured closed by the agency this year. In a rare occurrence the bank was shuttered on a Thursday. Read our full coverage here.
States may hold onto tax refunds for months
Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.
States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls.
Mortgage agreements 'halved in January'
"The January downturn in the property market has been underlined by the latest figures from the Council of Mortgage Lenders (CML)"
Predatory lenders and consumer protection
"If consumer protection agency is not independent, can it really offer protection?"
""
Index to Track Agency RMBS Pools
"The Markit IOS index, a synthetic total return swap index launching today, references the interest component of 30-year fixed-rate Fannie Mae (FNM: 1.08 -1.82%) residential mortgage-backed securities (RMBS) pools. It replicates certain interest-only (IO) securities, to help investors hedge against interest rate risk by providing upside and downside exposure to accelerated prepayments."
BofA Makes 21,000 HAMP Modifications Permanent
" Bank of America (BAC: 17.06 -0.35%) reported 21,000 permanent modifications under the Home Affordable Modification Program (HAMP) through February."
Pondering Our Collapse While We Watch Others Fall
"The collapse of currencies and nations won’t happen overnight, because their demise has been planned, and a subtle collapse is in process. Our guess is that next year is when the collapse will finally take place followed by one of the greatest deflationary depressions of all time."
Goldman hired for ResCap sale: sources
"Government-controlled finance company GMAC has hired Goldman Sachs to start the process of selling the company's money-losing mortgage unit Residential Capital, The Post has learned.
Read more: http://www.nypost.com/p/news/business/goldman_hired_for_rescap_sale_sources_Xa7JEUHGXYiE5qXh1dg9SO#ixzz0hyhrBAP5"
New round of foreclosures threatens housing market
"The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize."
It Keeps Getting Worse: Government To Withhold Social Security For Hundreds of Thousands
A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.
Social Security benefits are off–limits to creditors, such as credit–card companies and banks. But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments.
