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Mortgage Debt
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Latest Headlines
Citi to sell Smith Barney; feds tightening grip
Vikram Pandit, CEO of Citi, has been forceful in his assertions that size was Citi's strength, and that he would not break up the company. He caught a lot of flack, but he seemed to be sincere. So what should we make of the news that Citi is in talks to sell a majority interest in Smith Barney to
Citi to support novel attempt at mortgage relief?
Citigroup is said to be seriously considering supporting a plan that would let troubled mortgage owners save their homes via bankruptcy court, reports CNNMoney.com . The idea--spearheaded by Senator Richard Durbin, who is in talks with Citi about the plan--would give bankruptcy court judges the
Morgan Joseph bets on credit markets
Exotic credit-linked securities have been the downfall of too many brand name investment banks as of late. But that spells opportunity for one boutique that carries the name Morgan Joseph--which was founded by Frederick Joseph, who some of you will recall was the former CEO of Drexel Burnham. For
