It is not often that one can look at an event occurring in the news and say “We’ve just experienced history”. Recently, that is exactly what happened. The U.S. debt was downgraded by one of the bond rating agencies, S&P (Standard & Poor’s) and the way that the world views the United States as the world’s bastion of safe investments will never be the same . . . or will it?
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Analysts believe it will put a squeeze on the banking system. Critics, writing in such publications as Bank Accounting & Finance are calling for more study before implementation. Many banks say they won’t opt in. One banking executive who studied the plan says what he thought was a "bread box" of rules is more like […]
Fannie and Freddie regulator argues against restoring cap Costs to taxpayers from Fannie Mae and Freddie Mac could reach as high as $400 billion, the regulator of the nationalized housing giants said Wednesday, though he predicted that the red ink isn’t likely to climb to that point. “In less-severe stress scenarios, losses are much less […]