Relevant:
- Morgan Stanley, Goldman Move Away From Mark-to-Market on Loan Commitments
- FTC: No more upfront mortgage-mod fees
- Taxpayers Still Owed More Than $200 Billion From Bailouts
- FTC Blocks Loan Mod Consultants from Collecting Upfront Fees; 3Q Loan Production Stats; Florida Extends L.O Licensing Deadline; Unrealized Losses
- Why European Banks Look Precarious
2008-02-14 — nakedcapitalism.com
``Attorneys are now advising the big securities firms to abandon these deals, since any fees they would pay would be less than the losses they would sustain by moving ahead. And if all firms take this posture, there won't be any stigma attached.''
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