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Monday, May 09, 2011

Misc: Higher Margin requirements for Oil, Sheila leaving FDIC and Greece

by Calculated Risk on 5/09/2011 08:22:00 PM

• From MarketWatch: CME hikes oil, gasoline margin requirements (ht jb)

The requirement for a new position in benchmark New York Mercantile Exchange crude contracts rises to $8,438 from $6,750 previously, with margins also higher for contracts in benchmark Brent crude, gasoline and other products.
• From the FDIC: FDIC Announces Chairman Bair's Official Departure Date
The Federal Deposit Insurance Corporation (FDIC) today announced Chairman Sheila C. Bair's official departure will be effective July 8th, 2011.
• From the WSJ: Greek Woes Fuel Fresh Fears
• From the NY Times: Greece Pushes Plan to Raise Cash With Big Sales
No islands or beaches are up for sale, despite the persistent, usually snide suggestions from abroad that have riled many Greeks.
• New York Fed's Q1 Report on Household Debt and Credit "Shows Signs of Healing in Consumer Credit Markets Since Last Quarter"
AAR: Rail Traffic "mixed" in April
• Zillow on Negative Equity: 28.4% of all single-family homes with mortgages are "underwater"