Blowing the Lid Off the Mortgage Industry
From the monthly archives:
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Finally something that we can all get behind: Don’t pay your bills. It’s not my idea, although it has appeal. It’s the Fed’s and it’s the cornerstone of the new Homeownership Preservation Policy. To qualify for aid, the homeowner [...]
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All of this stimulus talk chafes me the wrong way, given that we don’t have $815 billion lying around to spread around the economy, we’re going to have to borrow it. I figure at some point, someone is going to call our tab, and that can’t mean anything good for the average consumer here in [...]
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Mortgage Insider - Mortgage rates jump to 5%
The Big Picture - Good Bank, Bad Bank by Dr. Seuss
The Reformed Broker - People I Can Do Without: Winter ‘09
Huffington Post - Senate Banking Chairman: Confiscate Wall Street Bonuses
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Deal Book - Nassim Taleb: ‘I Was Happy Lehman Went Bust’
The Big Picture - Greed + Incompetence + A Belief in Market Efficiency = Disaster
Housing Doom - Where are taxpayer billions [Make that trillions] going?
Mish’s - Geithner Discusses Nationalization In $2 Trillion Bailout Proposal
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Calculated Risk – House Passes Stimulus Plan
Huffington Post - Good Gov’t Groups: Are Corporations Using Bailout Money To Fund Political Campaigns?
Mish’s - Fed Adopts “Throw The Kitchen Sink” Policy
Infectious Greed - Ebay as Federal Reserve 2.0
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When it comes to most topics of interest, I tend to be an optimist by nature. When I read about great stocks like Apple getting cut in half or the overall market being dragged ever further into the tank, I tend to look at it as a buying opportunity (your mileage my vary of course, [...]
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Bloomberg - State Farm Plans to Leave Florida Residential Market (Update3)
Road To Ruin - Twenty-five people at the heart of the meltdown …
The Big Picture - Credit Weakness Spreads from Subprime to Alt-A to Jumbo
The Institutional Risk Analyst - The Big Banks vs. America: A Roundtable with David Kotok and Josh Rosner
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Rain City Guide - 2009 is the Brightest Year
Infectious Greed - Quote of the Day: But We Have 67% Less Jets!
Huffington Post - Key Democrat Slams Stimulus, Predicts More Bailouts
Housing Wire - Wells Fargo Extends Modification Access to 478,000 Wachovia Customers
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Bloomberg - Hamptons Prices Fall as Recession Hits Wall Street Playground
Oh no, now they are looking for bargains while shopping at Sak’s.
Infectious Greed - Big Swinging Blood Pressure Broker
Morgan Stanley installs blood pressure meters in their NY offices. So, Wall Street now has nationalized health care??!! More TARP $$ well spent.
Housing Doom - About Those Great Existing Home [...]
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Sales of existing homes rose unexpectedly in December although the pace remained below that of a year ago, according to the National Association of Realtors (NAR). The jump was led by a surge in sales in the West. Sales volume was the lowest seen since 1997 while the national median price for an existing home [...]
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