Chase Mortgage Group

Love this article! Those financial markets posts are awesome! Can't wait to see what comes up next!

It describes, in meticulous detail:

We are discussing the collapse of Bear Stearns and the significance for the financial markets. One of the consequences not yet discussed concerns the elimination of a separate class of broker dealers, with investment banking functions becoming a subsidiary operation of commercial banks. This will result in long term harm to the vibrancy of the capital markets. There have been growing calls for increased regulation. They arise from the growing realization that the big four investment ..other part.

It is just getting started:

Daily Wall Street Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here. Friday's edition is rather light. The normally longer editions will return on Monday as usual. Enjoy your weekend! Bank of America Pays $28 Million to Retain Countrywide President Bank of America Corp. (NYSE: BAC) has agreed to pay $28 million in cash and stock to Countrywide Financial Corp. President David Sambol as an incentive for him to stay with Bank of America after its planned ..other part.

I love the posting, I made a copy and share:

Friday, March 28, 2008 The data released on Ponzi lending of only resort is rather stunning. In effect what is happening is that another market failure is being set up. By "market failure", I mean that the prices on capital are being artificially set, and severely so. These approaches are doomed because real wealth has to be created from productive activities. And productive activities generally come about best, when markets at least closely resemble reality ..full story.

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