All GLG News Analyses Filed Under: Mortgages, Consumer & Specialty Finance

Beyond innovation catch-up, Microsoft’s acquisition of Yahoo has three advantages from the AT&T/Yahoo co-marketing: 1) Broadband subscribers; 2) Advertising revenue; 3) Mobile migration.

The article lays out a scenario in the fashion industry that has led to repeated failure.  A similar scenario has played out in the financial services industry, causing hundreds of billions to be lost each time. Quoting from the article:  "But millions and millions of dollars went down...

1.  The article questions whether Microsoft's pursuit of Yahoo means that it has lost its ability to innovate and is instead trying to catch up by looking backward at a company that competes for online advertising, a business that may be eclipsed by an unknown startup. 2.  The article refers...

Implications: 1.Ability of claims-paying base is not in sequence with corporate and mortgage debt securities. 2.Bond Insurers: MBIA and AMBAC value basis of shares have fallen. 3.A Waiver of all collateral requirements has or may not be effective. 4.A massive sell-off of all asset-based collateralised...

The article fails to acknowledge that banks and credit unions have been generally unsuccessful in their attempts to establish relationships with the unbanked.  It does, however, call attention to two generally unrecognized truths:  productive use of financial services is the gateway to...

Implications: 1.Higher fees for paycheck pay-out and high-priced loan repayments are, now, a disaster for the general public. 2. Financial Institutions gauge the public with insurmountable fees. 3.Thousands of dollars will be paid by the consumer for churning the salary into cash. 4.Responsible consumer...

The recent article by Bill Clinton and Arnold Schwarzenegger outlining a new financial services initiative in California should be welcome news to the millions of workers using payday services.  As the traditional middle class is breaking apart and their vulnerabilties have been exposed in...

1.Tax cuts for people in financially good shape. 2. A knee-jerk reaction to limit a possible economic recession.

This article is illustrating finger pointing looking for a villain, instead of "post-mortem" to find a hero.  What the industry needs is a clear plan for rebuilding the subprime securitization market.  In my opinion, a great part of that will be tied to the outsourced due diligence function,...

The Economic Stimulus Act, approved today, will go along way towards its name, and stimulate the economy.  Questions of how much money, too whom, and what may have been sacrified in the cross-party negotiation will remain unanswered, but one thing is clear.  Congress has delivered a very potent...