Fannie & Freddie Heading for “Conservatorship”
This was originally posted Thursday evening 07-10-2008 at 10:33 PM, but since it obviously resonated with so many people, I am moving...
Uh-Oh! Bad Sign on Fannie & Freddie
Marketwatch reports that the government discussed a contingency plan in case the unthinkable happens, and Fannie Mae (FNM) and Freddie...
Foreclosures Up 53% Since June 2007
U.S. foreclosure activity in June actually decreased 3% form the prior month, but year over year saw a ginormo jump — up 53 percent...
Poole: Fannie, Freddie `Insolvent’ After Losses
This mornings must read article is Bloomberg’s summary of former St. Louis Federal Reserve President William Poole comments on the...
Read it here first: Implode-O-Meter Hits the NYT
This may be a record l o n g time elapse between us posting on some interesting but obscure site, and the MSM eventually...
Quote of the Day: Citibank on Glass Steagel
We’re going way back for this one: “With an aggressive legal maneuver, Citicorp is taking another step in the battle to...
Five phases to the current down-cycle
Interesting analysis via David Rosenberg of Merrill Lynch: "There have been five phases to this current down-cycle – the first...
Same As It Ever Was
Welcome to the second half of 2008. We begin the second half pretty much the same way we finished the first half: Equities under...
Who Killed Bear Stearns?
Fascinating read in the August edition of Vanity Fair: They wades into the"Did short sellers kill Bear Stearns" (BSC) debate:...
Who is Right: Professionals or the Populace ?
Portfolio has an interesting discussion on what they term the “He-Said-She-Said” economy: “Inflation, energy, home...