Treasury: Bailout Details Sunday 11 AM
As wee discussed Saturday, the details of the Fan-Fred bailout will be announced early Sunday at 11 am. In my opinion, this is very...
Barney Frank: Treasury GSE Intervention is a “Done...
Congressman Barney Frank, Chairman of the Financial Services Committee, says this is really happening: "Rep. Barney Frank (D.,...
Roundup: Fannie & Freddie Bailout
Last evening, we asked what are the costs and consequences, as well as the market reaction to, the imminent bailout of Fannie Mae (FNM)...
Here Comes the Half Trillion Dollar Fannie/Freddie Bailout!
A series of high-level meetings between Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, and the chief executives...
Shiller: House Price Decline Could Be Worse than Depression
Shiller’s main points: • Home price declines are already approaching those in the Great Depression, when they plunged 30% during...
Radar Logic Index Falls 1.4% M/M, 17.2% Y/Y
Radar Logic puts out a home price composite index (RPX). It covers the 25 largest metro areas, and fell 1.4% month over month in June...
Fannie + Freddie = Frannie ?
Hmmmm . . take two poorly run, debt laden GSEs . . . Merge them . . . What do you get ? One giant, poorly run, debt laden, GSE. Its...
Fundamentals of Residential Real Estate Market Bottoms
Today’s guest post comes from David J. Merkel, CFA, FSA. David is Chief Economist and Director of Research of Finacorp Securities....
Call It Wishful Thinking
Today’s guest post comes from Mark Thoma, who labors tirelessly in the pacific Northwest. Mark is a Professor of Economics at the...
June 2008 Case Shiller Housing Index Falls 15.9%
A belated post on yesterday’s Case Shiller release: Through June 2008 the S&P/Case-Shiller Home Price Indices showed...