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...
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...
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...
Should Congress Let Home Prices Fall ?
"Recent reports about falling home prices have rallied support for the plan." [Rep. Barney Frank, Democrat of Massachusetts]...
How I Spent My Stimulus Dot Com
Fascinating Site: howispentmystimulus.com is collecting stories and photos from people as to how they actually spent their $300 stimulus...
No Money Down
Today’s media pick is this article — Government Mortgage Program Fuels Risks — if only for the chart porn: >...
The MonoDuoline Quandry
This mornings must read article is via the NYT’s Gretchen Morgenson and Vikas Bajaj on Credit Default Swaps: MBIA Debt Is Setting...
More “Bang” For The Buck
CNBC’s Jane Wells is a naughty, naughty girl. She delightfully reports that the Moonlight BunnyRanch in Carson City, Neveda —...
Unemployment Reporting: A Modest Proposal (U3 + U6)
Earlier this week, I received an email from the Real Estate editor of an (unnamed) publication. They wrote: “Just wanted to point...
Hedonically-Adjusted, Well-Spun, Nominal Misery Index
Numerous pundits have taken to claiming that the Misery Index — a combination of Inflation measures and Unemployment — is...