This looks better than a government programme as a way to address delinquent underwater mortgages: Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash …
Search Results for: performance
February 6, 2012
Bloomberg has an interesting story about the legal snarl of an effective Greek default: Hedge funds seeking to wring profits from a Greek debt restructuring are underestimating the will of policy makers to impose losses …
MAPF Portfolio Composition: January, 2012
Turnover picked up in January, to about 10%. Portfolio composition changed in several ways this month, but the major effects are due to the sale of nearly the entire ELF.PR.F and ELF.PR.G, with proceeds used …
February 3, 2012
Very nice US jobs number today: The U.S. jobless rate unexpectedly fell in January to the lowest in three years as payrolls climbed more than forecast, casting doubt on the Federal Reserve’s plan to keep …
February 2, 2012
Nothing happened today. It was a good day for the Canadian preferred share market, helped along by my decision to stop commenting daily on the four issue PerpetualDiscount index. FixedResets were up 14bp and DeemedRetractibles …
February 1, 2012
Greece is a problem. Portugal, not so much: Portugal doesn’t present the risk of default that Greece does to the rest of the European Union because officials there are seeking to contain the nation’s financial …
January 31, 2012
The Greek tragedy continues: Greece pledged a last-ditch effort to prevent the collapse of a second rescue package from creditors, aiming to complete talks this week on a financial lifeline that’s been in the works …
January 30, 2012
Greece is kicking against the pricks: European leaders sparred with Greece over a second rescue program, clouding progress toward a permanent aid fund and tougher budget rules designed to stabilize the euro. Greece faced criticism …
January 27, 2012
There is some indication that the Europeans are beginning to realize that their voluntary debt exchange idea is stupid: Opposition to payouts on Greek credit-default swaps from European Union policy makers is softening as disputes …
January 26, 2012
All I can say is: it’s about time: The federal government says it is abandoning plans to create a national securities regulator following a stinging courtroom defeat. Finance Minister Jim Flaherty on Thursday delivered his …