Joe Garrett

Asian-American banks, most of which are in California, are very cheap, small enough to be easily acquired, and will likely be acquisitions targets for Chinese banks looking to diversify and expand.  The biggest of these banks are UCBH, in which an investment has just been announced, and East-West...

There just was, and to an extent still is, a global credit crisis, and financial system in Kazahkstan seems to have weathered it.

What a strange marriage, with Lone Star refusing to come to the wedding ceremony, Accredited sueing them, and the two eventually tieing the knot.  Lone Star must have some vision for what to do with Accredited, but at the moment, there is almost no market for sub-prime loans. The only logical plan...

It's good for the industry.  Sends a signal that there will be winners, that there will be money to be made in this business.  It does seem, however, like very expensive capital for Countrywide, especially when you compare it to their preferred converts last year or earlier this year which...