Thank you for all of the Cartoons — This was one of the best ones:
Home Equity Frenzy !
Today’s must read MSM piece is a page one NYT article on how second mortgages — "the borrowing of last resort, to be...
Down 97%: Tax Trouble Coming For States & Cities
Here’s something you may not have considered: The massive losses taken by Wall Street Banks and Brokers is going to wipe out their...
The Battle Over the Bottom in Financials
Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . . Note: I have a great deal of respect...
Greenspan’s Housing Bottom: Agree or Disagree?
Last night, we looked at yet another Greenspan housing bottom call. This morning, the WSJ forum asked the following question: Do you...
July 2008 U.S. Foreclosures
Household per Property with Foreclosure Activity Source: RealtyTrac > One in every 464 U.S. households — 272,171 U.S. properties...
Greenspan Calls a Housing Bottom (Again)
> "If they are too big to fail, make them smaller," former Nixon Treasury Secretary George Shultz said. > That quote was...
Credit Crisis ‘Only Now Beginning’
David Goldman, a portfolio strategist at Asteri Capital, talks about the outlook for the U.S. financial-services industry, the impact of...
