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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