Mortgage Rates February 4, 2009 – Markopolos Issue

Wednesday produced another erratic day in the Mortgage Backed Securities market, which thankfully did not materialize in Mortgage Rates.  See how Mortgage Rates ended the day.

Today Obama announced a salary cap for CEOs of institution that are receiving TARP Bailout Funds. This is an excellent way to minimize the talent that would want to occupy that position. I am NOT a fan of caps or floors.

Video of the day: Harry Markopolos testimony on Madoff and the SEC failure to listen.
See a multitude of great clips from the testimony.

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