Goldman Sachs
Renewed investor interest in subprime mortgage investmentsPosted by RJ and Makay on Feb 21, 2012 |
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Investor perception that the U.S. housing market may be on the rebound is supporting renewed interest in once-toxic mortgage bonds that were at the center of the financial crisis, according to a recent Wall Street Journal article. Some distressed mortgage-backed bonds have registered double-digit percentage gains this year. The rally has brought investors back to a market sector that was ravaged between 2007 and 2009.
In dozens of comment letters filed Monday, bankers and their trade associations said the Volcker Rule would increase risk and costs for investors, hurt U.S. competitiveness and be vulnerable to legal challenge. The comments came as the world’s largest banks demanded a list of changes to a proposed U.S. ban on proprietary trading five months before the Volcker Rule is scheduled to take effect.
Facebook Inc. has chosen Morgan Stanley to lead its planned initial public offering (IPO). The social networking giant filed with the Securities and Exchange Commission (SEC) today to raise at least $5 billion through the IPO, and plans to begin to sell stock this spring under the ticket symbol FB. It would be one of the biggest debuts in market history and will provide investors with a view of Facebook’s operations, business performance and executive pay.
