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’The COP estimates putback losses
The Congressional Oversight Panel’s report for November carries the unappetising subtitle, “Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation”.
Here’s the part of the report that estimates losses to the banks on putbacks:
Why does everyone hate Tarp?
Ahead of Tarp’s expiration on October 3, a number of commentators and bloggers this week have been discussing its failure — not the failure of its performance, but of its public image to reflect its performance.
Still intoxicated
The problem of toxic assets on banks’ balance sheets has not been dealt with and still poses a significant risk to the recovery of the US economy, according to a report out on Tuesday by the Congressional Oversight Panel,
Congressional Oversight Panel says stress tests not stress-y enough
The Congressional Oversight Panel – the body chaired by Elizabeth Warren and which has repeatedly criticised the US government’s handling of the financial crisis – released a report on Tuesday that (shock!) criticised the bank stress tests conducted by the Fed.