Goldman Sachs

‘Too Big To Fail’ Movie Review: Hank Paulson’s Legacy

I finally saw HBO’s Too Big To Fail, a movie based on Andrew Ross Sorkin’s book of the same name. It was about Treasury Secretary Hank Paulson’s enactment of TARP during the darkest days of the financial crisis, and begins with Treasury taking over Fannie and Freddie on Sunday, September 7, 2008. That day, my

Goldman Buying Jumbo Mortgages. More On Appraisals.

Per the FDIC, commercial banks and savings institutions insured by them “reported an aggregate profit of $29 billion in the first quarter of 2011, an $11.6 billion improvement (66.5%) from the $17.4 billion in net income the industry reported in 1Q2010. This is the seventh consecutive quarter of year-over-year earnings growth, although it is the

Goldman Buying Jumbo Mortgages. More On Appraisals.

Per the FDIC, commercial banks and savings institutions insured by them “reported an aggregate profit of $29 billion in the first quarter of 2011, an $11.6 billion improvement (66.5%) from the $17.4 billion in net income the industry reported in 1Q2010. This is the seventh consecutive quarter of year-over-year earnings growth, although it is the

Linkage: Got More Stories Than JD’s Got Salinger

Awhile back I wrote that if Barry Ritholtz was a rapper, he’d be Gift of Gab from Blackalicious. His retort was that he’s all 3 Beastie Boys. I can dig that: the dude’s “got more stories than JD’s got Salinger.” So kicking off today with an inflation story originated on his blog—context for today’s PPI

Rates Slightly Better on Bank Earnings, Housing Starts

Rates are generally even on today’s market news which includes bank earnings and some housing data, as follows: Wells Fargo’s earnings came out as expected at $3.2 billion (61 cents per share). Initial reads show that Wells’ loan growth was better than expected. Credit quality improved dramatically, allowing Wells to release some $850 million in

Rates Slightly Better on Bank Earnings, Housing Starts

Rates are generally even on today’s market news which includes bank earnings and some housing data, as follows: Wells Fargo’s earnings came out as expected at $3.2 billion (61 cents per share). Initial reads show that Wells’ loan growth was better than expected. Credit quality improved dramatically, allowing Wells to release some $850 million in