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MBS staged an impressive late day rally on Friday. The day after Thanksgiving is "bring your kids" day on wall street. Perhaps some "little fingers" inadvertantly found their way to the "buy MBS" button. The point is that...(read more)

The MBS market is still a few ticks off yesterdays 3pm levels (see chart), nonetheless the current bid should be viewed as an acceptable recovery FN 5.0: +15/32 at 100-27 FN 5.5: +13/32 at 101-25 Chart is from 10 min ago...5.0 is 2 ticks higher from when...(read more)

In a recent story published on BusinessWeek’s website, the subprime mortgage industry is taken under the microscope and picked apart, bit by scandalous bit.

Swapping his Harvard education in political science for a career in comedy, this liberal icon is a real conservative when it comes to his money.