A Bloomberg editorial suggests that vulture funds can play a role in cleaning up the housing market: Analysts at Amherst estimate that roughly 10 million loans with a combined outstanding balance of about $2 trillion are delinquent or likely to become so in the next several years. If just half of those loans got a [...]

In October of 2008, the Emergency Economic Stabilization Act of 2008 was signed into law. Within this Act was the suspension of mark-to-market accounting by the Financial Accounting Standards Board. With this rule change, banks would no longer have to write down their assets if another bank sold similar assets at a lower price. A [...]