(Community Matters) Reading that Goldman Sachs is carrying its mortgage-backed securities at 91 cents on the dollar. hmm, gives context to Wells Fargo’s announcement of their very profitable first quarter?
And, banks now balking at paying taxpayers the premium for bailout financing they agreed to when they borrowed the money. Seriously, they don’t want Treasury to exercise the warrants, arguing that it represented “the equivalent of a penalty for early withdrawal.” Did I miss something? Have banks decided penalties for early withdraw are now a bad thing? How about ATM fees, nsf fees, change counting fees, etc
Let’s discuss the meaning of populist uprising – not so abstractly if the banks renege and DC gives in on repayment, pricing & new regulation.
Posted from my blackberry
Community Matters 