Relevant:
- Wells' dubious off-balance sheet treatment of conforming loans avoids capital raises
- The dynamic central banking duo -- ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.
- All praise to the new subprime -- 1 out of 6 FHA insured loans is now delinquent. Offering 30x leverage with FHA loans.
- Bank of America Loans Valued at $44 Billion Less Than Books Say
- WaMu Shores Up Balance Sheet
2009-02-13 — businessinsider.com
" Banks are more than happy to halt foreclosures because the plan will allow them to dump $50 billion in troubled loans straight off their balance sheet right on to the balance sheet of taxpayers. "
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