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Ireland Jumps: Will Others Follow?
http://www.brownpoliticalreview.org/2014/01/ireland-jumps-will-others-follow/
Ireland Jumps: Will Others Follow? In light of this, when previous measures with the dreaded Troika – the IMF, European Central Bank and the European Commission – run out in the coming month, Ireland will not seek any new line of credit from the strict family of German-dominated lenders

Fat Kid Wednesdays, Implosion Mondays: January 27th at the Icehouse
http://www.jazzpolice.com/content/view/11064/68/
Michael Lewis is best known around town and well beyond as one of the most creative sax players in modern music, lending his blowing skills to the acclaimed Happy Apple as well as FKW. Noted Richard Brody in The New Yorker, “Lewis's dry, metallic tone 

The Mets May Need to Rely on Their Last Money Lender – The Fans
http://risingapple.com/2014/01/24/the-mets-may-be-down-to-their-last-money-lender-the-fans/
In December of 2008, Bernie Madoff was arrested for orchestrating perhaps the largest Ponzi scheme known on Wall Street, which in turn, triggered the financial implosion in Flushing. In Citi Field's first season of operation, the Mets incurred a $9

$700M rescue bid fuels fallout fears
http://www.detroitnews.com/article/20140124/BIZ/301240033/-700M-rescue-bid-fuels-fallout-fears?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cp
How and what form its settlement could take are jolting a cultural and nonprofit community only just recovering from the twin whammies of the recession and automotive implosion. Will the price of the DIA's freedom if the destination remains unclear

Mortgage Lender - Implode O Meter Website - Mortgage Crash!

Mortgage Lender Implode O Meter Website: Everything inside the mortgage / lending collapse. Interesting website.

Another Weird Deal Upsets CDS Traders

In the McClatchy trade, New Jersey-based Chatham struck a deal with the newspaper publisher -- founded in California on the heels of the Gold Rush -- to refinance most of its $710 million of debt with two new loans. The loans will allow the company to trim about $50 million off its most expensive bond and give it a few more years to repay the bulk of its debt. The news did little to boost McClatchy’s $72 million market cap. But because of a condition in the deal with Chatham that would move McClatchy’s borrowings into a new wholly owned subsidiary, the impact was seismic for holders of the derivatives.

In a matter of hours, the refinancing wiped out 70 percent of the market value of a five-year CDS on McClatchy, data compiled by Bloomberg and price provider CMA show.

That was bad news for the hedge funds, banks and other investors that had bought insurance against a McClatchy default. Because the new debt would be shifted away from the parent and into the new unit, it’s fueling speculation that the Chatham deal will create what’s commonly known in the CDS world as an orphaned contract. In other words, anyone who bought insurance on a McClatchy default would effectively be paying insurance on an entity with no significant debt.

The Mortgage Market Is Moving Into the Shadows: Richard Koss

(Bloomberg View)—The last financial crisis occurred In part because unregulated lending in the mortgage market got out of hand. Believe it or not, it’s starting to happen again, and could ultimately precipitate another disaster unless regulators get their act together.

Make no mistake, regulators have done plenty to rein in the mortgage business since the 2000s. New rules require that lenders carefully assess borrowers’ ability to pay, and that mortgage servicers -- which process payments and manage other relations with borrowers -- give troubled customers plenty of opportunity to renegotiate their debts before resorting to foreclosure. The Federal Reserve performs regular stress tests to ensure that banks have enough capital to weather defaults.

Problem is, the requirements have weighed most heavily on traditional, deposit-taking banks. The added hand-holding required in mortgage servicing, for example, has roughly quadrupled the cost of handling delinquent loans, turning them into major loss-makers. Together with stringent capital requirements, this has all but guaranteed that banks will lend only to people with the most pristine credit. In some cases, they have given up the business entirely: Late last year, Capital One announced it was exiting mortgage origination because it was “structurally disadvantaged.”