Morning Roundup: Main Street’s Evil Short-Sellers

  • Borrowers are refinancing their mortgages in droves to take advantage of record low interest rates. This is a welcome distraction for the major banks, who are under national investigation for cramming mountains of phony foreclosure paperwork through the judicial system. [Bloomberg]
  • By the end of this year, the Securities and Exchange Commission hopes Read More

Warren and Geithner Need To Make Nice And Regulate Banks

In the past, there’s been some chafing between Treasury Secretary Tim Geithner and Elizabeth Warren, the new pseudo-head of the Consumer Financial Protection Bureau. Now that the pair of financial regulators are being asked to shed their animosity and work together to create a bank regulator with a $400 million budget. We’ll get a Read More

Tim Geithner Only Wants to Hang Out With His BFF Lloyd Blankfein

Internet newspaper The Huffington Post has obtained Treasury Secretary Tim Geithner’s appointment calendar, and duly “analyzed” it, by counting up the number of appointments Geithner took with various bankers, congresspeople and administration officials so far during his tenure.

Apparently Geithner met with Goldman Sachs CEO Lloyd Blankfein 38 times from January 2009 until March Read More

Feds Ready to Kick Fannie, Freddie Can

The administration’s plan for overhauling Fannie Mae and Freddie Mac was widely anticipated as part of or alongside this February’s budget proposal for the upcoming fiscal year. The budget for fiscal year 2011 was presented on schedule, but it did not include a formal road map for the government-sponsored enterprises. It now appears Read More