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Dodd-Frank 939A: Community Bank Impact

March 27, 2012
Bart Smith

As we all know, the country is currently undergoing a massive regulatory overhaul under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“The Act”). The Act was signed into law by President Obama on July 21, 2010 and provides for significant changes to federal financial regulation.

The stated purpose of the Act is to “promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ‘too big to fail,’ to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices and for other purposes.”

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Introducing Bart Smith

March 15, 2012
Bart Smith

We are pleased to announce our newest Performance Trust resource. Bart Smith has just joined us as a Managing Director, coming to us directly from a 25-year career with the Federal Deposit Insurance Corporation (FDIC). We asked him to introduce himself, explain his career change, and describe the types of assistance he can provide to you. We hope you won’t hesitate to take advantage of his expertise.

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Premium Amortization: An Accounting Time Bomb?

March 6, 2012
Doug Wilding

As I have reviewed client portfolios in the course of preparing and presenting their Look-Forwards®, I have noted lately the preponderance of securities held at premium book values. This is hardly surprising considering the Level Playing Field® allocations for Insulators (shorter CMOs with premium coupons that are expected to perform well in a rate rise) in the past few years and given that for some time now, even new issue mortgage-backed pass-throughs have come at premium dollar prices. Recently, in the course of this daily work, I was suddenly struck with a foreboding sense of déjà vu—but in this case, I really had had the experience before, around 2001-2003.

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Miserable Offering Evokes Les Misérables

March 5, 2012
Kurt Fritz

At Performance Trust University®’s, Principles of Performance™, one of my favorite modules is called “Live Callable.” I have been teaching this part of the program for over 10 years now, through yield curves both steep and flat, through volatilities high and low.

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Buffett “Buries the Lead.” Then I Do, Too!

March 1, 2012
Eric C. Brown

“To bury the lead”—In journalism, to obscure (or completely miss!) the main point in a story by focusing on details of secondary importance.

You may be familiar with the comparison between gold and productive assets that Warren Buffett has been dining out on for the past several months. In it, he notes that nearly all of the gold ever extracted from the earth’s crust is still in human hands, and that this gold, if brought together in one place, could form a cube 68 feet on a side, which could easily fit within a baseball infield.

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