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Loan Modification
: Mortgage Lender Implode-o-MeterMore on White House's Strong-Arming of Chrysler Hedge Fund Hold Outs
By Implode-Explode Heavy Industries
What is very odd is that Perella Weinberg could possibly have veered away from the administration's path in the first place: Zero Hedge readers know that P-W is the very firm advising the rapidly sinking FDIC "on transactions and strategies to stabilize the banking system, and also on the proper way to dispose failed institutions and how to handle delinquent securities assumed from banks, as well as the creation of the aggregator bank."
...
How is it possible that one's core advisor would go against its client, even if offset by a Chinese Wall, is likely the big story here, and speaks volumes about the chaos behind the scenes currently occurring with regard to Wall Street's sentiment for the ruling administration.
Full post as published by Mortgage Lender Implode-o-Meter on May 03, 2009 (boomark / email).
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