People Port Special Report: This Mortgage Mess Is Easily Perfected

by J John Swanko
10/17/10 (People Port) Who is the toughest regulator of All, Chairman Bair. On a C-Span Q&A she made clear, The mortgage mess is not a problem. Capital standards can easily be met from retained earnings, lower bonuses, as her palm slammed her fist. She likes her new tools...

I hope the link works. On C-Span shown today at 10 AM and 6 PM Eastern Time, The Chairman made clear this mess should be easily fixed, checking the file for the deed, filing the appropriate paperwork. Simple. Could this interview and Fed Chair Bernanke's Speech been the source of the market -not- melting down Friday...

She explained the new tools would allow resolution that would not disrupt markets. FDIC is flush with cash, $45 billion. It will take some work. She also disagrees, Increasing capital will impact GDP. That one percent can be funded from retained earnings, the bonus pool, without affecting lending, as her palm slammed into her fist, smiling. If you have a chance to watch, do. See if you agree, Chairman Bair is the toughest regulator.

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