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The Institutional Risk Analyst
FHFA Director Bill Pulte at the MBA Secondary Conference
“The boards of the GSEs don’t have a fiduciary duty to the Enterprises,” Pulte noted. “They have a fiduciary duty to the conservatorship.”
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May 214 min read
Elizabeth Warren Opposed CapitalOne + Discover? Really?
When Elizabeth Warren and Maxine Waters spoke publicly against the CapitalOne-Discover transaction, they were actually supporting the monopoly position of JPMorgan and other large banks. By opposing CapitalOne-Discover and, indirectly, supporting JPM, Warren, Waters and other progressives are actually hurting low income consumers.
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Apr 206 min read
Trump Attacks the Administrative State
Folks in the financial sector are beginning to wonder if certain parts of the government apparatus will continue to function.
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Feb 96 min read
Update: Citigroup, Bank America and Goldman Sachs
How is Goldman going to extricate itself from this profoundly unattractive business with AAPL without destroying Apple Card?
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Oct 18, 20247 min read
Bank Book Q1 2024 Released; Biden Penalizes Consumers Who Refinance
Despite what Joe Biden says about helping Americans with the soaring cost of housing, he really protects Black Rock (BK), Pimco et al
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Mar 10, 20245 min read
Ginnie Mae - Credit Suisse = ? A Biden MSR Tax? Does BKI + ICE = < 2?
Our view is that the BKI purchase is a horrible deal for ICE shareholders, a value killer of epic proportions
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Feb 13, 20238 min read
Powell Reappointment Still Likely
Amidst the yelling and screaming of Elizabeth Warren, we suspect that Jay Powell will survive the crisis
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Oct 6, 20215 min read
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