Is Bank of America's settlement with Fannie Mae fair? Depends on how you count the cost of the mortgage bust. The press concentrates on liar's loans, subprime teaser rates, and sleazy fees. But the whole is more than the sum...
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Photographer: Alessia Pierdomenico/Bloomberg
There's no bucket in the world big enough to fill the sea of mortgage losses.
Billions of Dollars Paid, Still a Drop in the Mortgage Bust Ocean
The Shorts Run From the Bull
One of the more appealing ideas in hedge funds and mutual funds is the long-short strategy, in which funds buy a portfolio of attractive stocks while selling the ones likely to underperform the market. That turns out to be more...
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