New Jersey bank says it will not part with its CLO portfolio

By Sayed Kadiri

Monday, February 03, 2014

A New Jersey-based bank is not looking to sell its CLOs despite regulatory uncertainty surrounding these assets

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Comment by: Anonymous. Posted 10 years ago [2014-02-05 00:16:16]

Yes, over here in the U.S., we've seen the Fed create the housing bubble problem and then "solve" it by printing money that it is now afraid to stop printing. We have Dodd-Frank in which the gov't "solved" too-big-to-fail by making the politically favored banks bigger. We also have the takeover of health insurance in which the "solution" has stripped (on a net basis!) millions of people of their insurance coverage. We're all wondering what problem the gov't will "solve" next.

Comment by: Anonymous. Posted 10 years ago [2014-02-03 19:07:10]

Volker & Dodd-Frank are so misguided it's scary. Between monetary policy in the US, another dove taking over for Bernanke, Sens Dodd & Frank who should be aka Goonie-GooGoo, the net result is not a safer financial system. The net result is a banking system which is even more concentrated and one which has, and continues to lay off people in droves. So Volker & Dodd-Frank have taken direct aim at people - through the guise that financial service organizations are in the cross-hairs.

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