Out of Business Mortgage Insurers; Hedging with TBA MBS; Ideas to Help Create Job Growth; Reasons to Buy a Bank
Posted To: The Garrett Watts Report
Lots of people sent us the video explaining how OneWest bank got a sweetheart deal from the FDIC. We responded to all of them by stating that we doubted it was true, and sure enough, the FDIC has put out a statement that clarifies the deal and shows how the video was not accurate. READ MORE This past weekend was the surf contest at Mavericks, just south of San Francisco. The photo below is from the contest. The waves hit 50 feet this weekend, with one surfer saying he thinks they hit 60 feet, and if you don’t believe it, use a ruler and measure the surfer in the lower left corner and see how many would fit into this wave. The waves were so huge that some crashed onto the beach and injured the spectators. We have two ideas on how to create real job growth: A position for people who will...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.