Sunday, 22 November 2009

Wells Fargo Says It Doesn’t Have to Reserve Against Its Off-Balance Sheet Residential Exposure Because the FHA (Meaning the Taxpayers) Will Pay For It
A “conforming loan” is one that meets lending guidelines, including loan amounts as set by the government sponsored enterprises, such as Fannie as or Freddie.

• Shadow Banking Topology 


The Road to Copenhagen part III: A “Planetary Regime” in the Making
The machine of mass media is working overdrive now that the Copenhagen summit is approaching. All major media outlets have by now obviously received their talking-points which have an strangely similar ring about them all across the board.


Herman Van Rompuy: Europe’s first president to push for ‘Euro tax’
Herman Van Rompuy, Europe’s first president, is to join forces with the European Commission to push for sweeping new tax raising powers for Brussels.