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Fri Feb 26 2010
Duck! Watch out for falling house prices (money.cnn.com)
Better to Wait Until House Buyer Tax Credit Expires? (blogs.wsj.com)
A second trough for U.S. new house sales in January (reedconstructiondata.com)
Bottomless New House Sales (paper-money.blogspot.com)
Housing Woes To Continue, More Losses Coming (huffingtonpost.com)
Most House Sales in CA Forced, Not Optional (centralvalleybusinesstimes.com)
Freddie Mac loses $7.8 billion, warns of foreclosure wave (mercurynews.com)
New Mexico Realtor files Chap. 11 (albuquerque.bizjournals.com)
Maguire sells O.C. office towers at half off (lansner.freedomblogging.com)
Calpers' Role in Some Deals Draws Scrutiny (online.wsj.com)
Hong Kong raises luxury houses tax amid property bubble fears (earthtimes.org)
Latvian 'Robin Hood' hacker leaks bank details to TV (news.bbc.co.uk)
Madoff Aide Bonventre Becomes Sixth Charged in Fraud (bloomberg.com)
Our Plutocracy: A Sobering New Portrait (toomuchonline.org)
Out of Work? U.S. Offers Lots of Lousy, Unsafe Jobs for Low Pay (bloomberg.com)
Trauma of Job Loss Often Includes Health Problems (nytimes.com)
Poll shows less fear on health care overhaul (news.yahoo.com)
The Clapper (sfgate.com)
Thu Feb 25 2010
New house sales hit record low in January (washingtonpost.com)
New House Sales Unexpectedly Plunge to Record Low; Fannie Mae, Freddie Mac Post Losses (Mish)
Mortgage Purchase Applications at Lowest Level Since May 1997 (calculatedriskblog.com)
11.3 million houseowners underwater on mortgage (marketwatch.com)
Million Dollar House or $3,500 a Month Rental? (doctorhousingbubble.com)
Housebuilders get gray forecast (dispatch.com)
Daily Job Cuts (dailyjobcuts.com)
Regulators report 27 percent jump in problem banks (finance.yahoo.com)
Alan Greenspan was DY-NO-MITE! (themessthatgreenspanmade.blogspot.com)
Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs (bloomberg.com)
Goldman Fleeces The Public Take Two (seekingalpha.com)
No Banker Left Behind (truthdig.com)
A snapshot of income disparity (latimes.com)
Bumping along the bottom of the credit cycle (theautomaticearth.blogspot.com)
Not out of deflation woods yet (bloomberg.com)
The United States Is On The Same Path To Bankruptcy As Greece (dailybail.com)
Concerns grow over China's sale of US bonds (telegraph.co.uk)
Swindler awaiting sentencing commits suicide (pe.com)
Fair Elections Now Act - Fix Congress First (fixcongressfirst.org)
Bust the Health Care Trusts (nytimes.com)
Wed Feb 24 2010
24% of residential properties upside down (blogs.reuters.com)
Shiller Says Government Support Is Tied to Housing Recovery (businessweek.com)
Broken Government: Middle class fed up? (amfix.blogs.cnn.com)
Mass Layoffs Summary (bls.gov)
Want to know where your money all went? (dealbook.blogs.nytimes.com)
Realtors Want Taxpayers To Guarantee Realtor Commissions Via Fannie, Freddie (online.wsj.com)
Calls To Cut Social Security At Same Time As $140 Billion In Bank Bonuses (ourfuture.org)
Tracy Residents Now Have To Pay For 911 Calls (911 is socialist anyway...) (cbs13.com)
Rehearsals for a Civil War (kunstler.com)
Big banks own government, small banks die (finance.yahoo.com)
The Mortgage Bubble (Mish)
Bank lending plummets by $587B in 2009 (washingtonpost.com)
Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals - Nationwide (prisonplanet.com)
Banker Hid Negative Appraisals (seattle.fbi.gov)
FDIC Deposit Insurance Fund Plunges By $12.7B To NEGATIVE $20.9B (zerohedge.com)
Harvard's Rogoff Sees Sovereign Defaults, Painful Austerity (bloomberg.com)
Debt Dynamite Dominoes: The Coming Financial Catastrophe (globalresearch.ca)
Australia's mortgage debt blow-out (brisbanetimes.com.au)
Kenya: As Nairobi Property Prices Rise, House Buyers Suffer Low Returns (allafrica.com)
Spanish City Has Persistent Unemployment, Without Lingering Pain (nytimes.com)
Thank You Chip ($20) for your kind donation.
Tue Feb 23 2010
The Fed now owns more crap mortgages than Treasury bonds (money.cnn.com)
Selling mansion? Expect to wait 3 years! (lansner.freedomblogging.com)
Dry Your Eyes and Lower the Price, Fool (nytimes.com)
Bank-Owned Bargain in Long Beach (longbeachhousingblog.blogspot.com)
Bank-Owned Bargain even cheaper now (redfin.com)
Comparing Lincoln, NE, to Merced, CA (usatoday.com)
Calif. 3rd worst in U.S. for job creation (economy.freedomblogging.com)
Wells Fargo trying to steal house? (heraldtribune.com)
House prices down in all Las Vegas codes in 2009 (lvrj.com)
Foreigners cut Treasury stakes; rates could rise (finance.yahoo.com)
Yield Curve Steepest In History: Is The Meaning Different This Time? (Mish)
Yellen Says U.S. Economy Will Perform Below Potential (bloomberg.com)
One possible outcome of Greece crisis (online.wsj.com)
States Have Not Yet Seen the Worst of Economic Times, Governors Say (nytimes.com)
Real Estate Looks Risky, but Less So for Value Investors (nytimes.com)
Lender's agent forecloses on Stuyvesant Town (reuters.com)
An Easily Understandable Explanation of Derivative Markets (hydle.com)
To some, suicide attack on IRS made pilot a hero (washingtonpost.com)
Plane crash puts spotlight on anti-government sentiment (federaltimes.com)
Real Estate Developers Push To Rebrand Murder Heights Neighborhood (theonion.com)
Mon Feb 22 2010
High-end house sellers lower their sights (latimes.com)
Bay Area house sales slow in January (sfgate.com)
Condo in Orange sells for half of peak price (lansner.freedomblogging.com)
Orlando-area house prices fall to lowest in at least 15 years (orlandosentinel.com)
Surprising increase in souring mortgages (latimesblogs.latimes.com)
10 percent reportedly late on mortgages (signonsandiego.com)
Foreclosure troubles only hibernating (marketwatch.com)
The Coming Foreclosure Flood (housingwatch.com)
Life Underwater (nytimes.com)
Man Bulldozes House After Foreclosure (consumerist.com)
Foreclosures and the next wave: taxes due on canceled debt (ftb.ca.gov)
About to walk away? Rent it out! (patrick.net)
Landlords Catch a Break (online.wsj.com)
Volcker: Fannie Mae and Freddie Mac were not a good idea in the first place (huffingtonpost.com)
And so tightening begins? (blogs.reuters.com)
Citigroup Warns Customers It May Refuse To Allow Withdrawals (businessinsider.com)
Bankers Get Bonuses, the USA Gets the Great Recession (marketoracle.co.uk)
The Rich and Their Taxes (motherjones.com)
Despite Signs of Recovery, Long-Term Unemployment Rises (nytimes.com)
Consumers who buy individual health policies feel trapped (latimes.com)
Fri Feb 19 2010
Asking prices for Las Vegas houses fall 16 percent (lvrj.com)
CA's Central Valley cities among the worst for mortgage fraud (centralvalleybusinesstimes.com)
LA's credit outlook downgraded to 'negative' (latimes.com)
US bank lending falls at fastest rate in history (telegraph.co.uk)
Money As Debt II: Promises Unleashed (topdocumentaryfilms.com)
Illegal to evict tenants from foreclosed houses (money.cnn.com)
A different kind of Olympic drama: Foreclosure (sports.yahoo.com)
One Star's Still Out Of Alignment: Unemployment (markettalk.newswires-americas.com)
Jobless Claims in U.S. Rose Last Week to 473,000 (bloomberg.com)
Flaherty's mortgage reforms arrive none too soon (telegraphjournal.canadaeast.com)
Producer Prices in U.S. Increase More Than Forecast (bloomberg.com)
Austin's suicide note cites corruption of government by business interests (statesman.com)
'Shocking' Premium Increases Coming From Insurance Monopolies (huffingtonpost.com)
Universal health insurance is the answer (hr676.org)
Doctors Give Area Man Six Months To Pay (theonion.com)
Thu Feb 18 2010
Santa Clara County foreclosures spike (mercurynews.com)
"Surprising" increase in souring mortgages (latimesblogs.latimes.com)
New wave of foreclosures by end of 2010 is hoped for (latimes.com)
5 Factors That Will Drag Housing Down in the Next Ten Years (doctorhousingbubble.com)
Shadow Inventory Could Undo U.S. Housing Price Gains (standardandpoors.com)
It's No Time to Fall in Love with Land Again (builderonline.com)
Hawaii logs biggest leap in late house payments (starbulletin.com)
New foreclosure case filings hit record in Ohio (finance.yahoo.com)
Losing the Red Queen's Race (Charles Hugh Smith)
Foreclosure Family. One Dad Walks Away. (blog.youwalkaway.com)
Tax Rates For America's Top 400 Earners Fell As Their Income Soared (huffingtonpost.com)
Empty office space: a blessing and a curse in San Francisco (sfgate.com)
"Three Paths Forward" - Kansas City Fed (Mish)
Hoenig Says Feds Objectives Threatened by U.S. Debt (bloomberg.com)
Look at Greek financial crisis. America could soon face something similar. (slate.com)
Ron Paul: Are US Taxpayers Bailing Out Greece? (marketoracle.co.uk)
TARP Inspector: We're driving off a cliff in a faster car (generationaldynamics.com)
Is all this "exit strategy" talk warranted? (themessthatgreenspanmade.blogspot.com)
How to Abolish the Federal Reserve (youtube.com)
U.S. Economy Grinds To Halt As Nation Realizes Money Just Symbolic, Mutually Shared Illusion (theonion.com)
Thank You Jeffrey M. ($125) for your kind donation.
Wed Feb 17 2010
Coming Soon: 5 Million More Foreclosures (ritholtz.com)
Foreclosures to Keep Pressuring House Prices (online.wsj.com)
Shadow Inventory of Houses to Take Nearly 3 Years to Clear (housingwire.com)
California foreclosure filings increasing (centralvalleybusinesstimes.com)
California Prime Jumbo Loan Defaults Rise to 11.3 Percent (financemymoney.com)
9,500 Shuttered Stores In Sacramento Area: "Everyone Perfectly Content With Less" (Mish)
$100,000 pension club taking California down (taxdollars.freedomblogging.com)
Developers dump northern Colorado land back on market (denverpost.com)
U.S. looks to reluctant foreign investors to help fund the housing market (washingtonpost.com)
Foreigners cut Treasury stakes; rates could rise (miamiherald.com)
Companies Pull Most Bond Sales Since 07 Crisis (bloomberg.com)
Online Robbery: Hackers Steal $50,000. Bank Says "Tough Luck" (moneywatch.bnet.com)
Interview with Paul Volcker: Bad banks need euthanasia, not rescue (transcripts.cnn.com)
Bank Of North Dakota: America's Only 'Socialist' Bank Is Thriving (huffingtonpost.com)
TBWS responds to FDIC response to TBWS Indymac Video (thinkbigworksmall.com)
Are Appraisals the New Organized Crime? (housingwatch.com)
For Ex-Mortgage Brokers, Bitterness And Renewal (npr.org)
You're Rich. Get Over It. (newsweek.com)
Insurance monopolies jack up rates in 4 states (news.yahoo.com)
Tue Feb 16 2010
Fear for the Day When Housing Subsidies Ends (nytimes.com)
Mortgage rates poised to jump as Fed cuts funds (sfgate.com)
Refinancing unavailable for many borrowers (washingtonpost.com)
Mortgage officials try exits softer than foreclosures (washingtonpost.com)
Citibank's Foreclosure Alternatives Program is a Trap (gregfielding.housingstorm.com)
Get a clue people, prices ain't coming back! (housing-kaboom.blogspot.com)
To gauge housing prices, look to rents (money.cnn.com)
Houston area's apartment market lags as rents sag (chron.com)
Landlords feel heat in market (floridatoday.com)
Seattle Sees Biggest Drop in Rental Prices (businessweek.com)
Metro Detroit's tony Lake Shore begs for homebuyers (detnews.com)
How Uncle Sam Will Keep Crushing Real Estate (tycoonresearch.com)
The Coming Foreclosure and Commercial Real Estate Storms (cbsnews.com)
How the Fed tries to keep credit flowing (nhbr.com)
FDIC Responds To Inflammatory Video (fdic.gov)
Debt Cancellation May Cost Those Who Lost Houses (kcra.com)
Zombie short sales could come back to haunt you (trulia.com)
The Year in Foreclosures (nytimes.com)
In buyer's market, cash gets the houses (delawareonline.com)
Bank of America forecloses on house that couple had paid cash for (tampabay.com)
Fri Feb 12 2010
The Housing Double Dip Began In December (businessinsider.com)
Report says Silicon Valley economy sputtering (news.yahoo.com)
Report Warns Silicon Valley Could Lose Its Edge (nytimes.com)
Silicon Valley's Wage Crash by the Numbers (eweek.com)
Losses Per Square Foot For Southern California (Jas Jain)
Slumburbia (blogs.nytimes.com)
Why can't conservative Utahns afford their mortgages? (csmonitor.com)
Hawaii foreclosure up 286% over January 2009 (news.ino.com)
Foreclosures surge on the way? (news.yahoo.com)
Millions approaching retirement 'in denial' over pension income (thisismoney.co.uk)
Every single human being should short U.S. Treasury bonds (Mish)
The Poor Are Better Off Renting (online.wsj.com)
Repossession can be 'best option' says housing minister (news.bbc.co.uk)
Mortgage applications fall despite low interest rates (news.medill.northwestern.edu)
Fed in Talks to Help Drain $1 Trillion and Raise Rates (bloomberg.com)
Global Household Leverage, House Prices, and Consumption (frbsf.org)
Commercial loan losses could threaten system (marketwatch.com)
Housing Bubble? That's Crazy Talk (Full of shit in 2002) (thestreet.com)
Fed's Greenspan Doubts 'Housing Bubble' Thesis (Full of shit in 2004) (thestreet.com)
Market facts puncture myth of 'housing bubble' (Full of shit in 2005) (bizjournals.com)
Thu Feb 11 2010
Bay Area Housing Losses Per Square Foot (Jas Jain)
California Housing Losses By County and City (Jas Jain)
Early signs of a 'double dip' in housing prices (marketwatch.com)
Bay Area house prices "may" drop, real estate firm warns (mercurynews.com)
Broward property values fall (miamiherald.com)
40 percent of South Florida mortgage holders 'underwater' (sun-sentinel.com)
One-Fifth of U.S. Houseowners Owe More Than Properties Are Worth (bloomberg.com)
House Underwater? Walk Away from Geithner's Perverse 'Relief' Plan (alternet.org)
Strategic Default: Smart For Wall, Smart For Main Street (gather.com)
Obama softens stance on Wall Street bonuses (guardian.co.uk)
How Goldman Sachs Helped Greece to Mask its True Debt (spiegel.de)
Take this bank and shove it (money.cnn.com)
Which Country's Debts Are Truly the Worst? (huffingtonpost.com)
Talking Aboot Canada's Housing Bubble (blogs.wsj.com)
Is a new house price crash round the corner? (thisismoney.co.uk)
Would you relocate to Texas? (lansner.freedomblogging.com)
Five decades of failed housing subsidies are enough (washingtontimes.com)
Freddie, Fannie escalate insane purchases of their own crap loans (reuters.com)
The Unceremonious Fall from Entitlement (irvinehousingblog.com)
Get busy, Democrats (salon.com)
Thank You Scott F. ($10) for your kind donation.
Wed Feb 10 2010
Housing Crisis Getting Uglier in 2010 (cbsnews.com)
Fitch Says Prime Jumbo RMBS Near 10% Delinquent (housingwire.com)
Forget the Mortgage, I'm Paying My Credit Card Bill (usnews.com)
Senior and son mutually benefit from mortgage transfer (Mish)
Las Vegas apartment market deteriorates in fourth quarter (lvbusinesspress.com)
MLS challenge could change the way houses are sold (theglobeandmail.com)
How a New Jobless Era Will Transform America (theatlantic.com)
Bankrupt Builder Pays Millions To Advertise During Super Bowl (patrick.net)
Fannie, Freddie Exist To Lose Money, Keep House Prices Artificially High (businessinsider.com)
Fannie and Freddie Stagger On as Troubled Wards of the State (online.wsj.com)
The Fed is a Monetary Superpower (wallstreetpit.com)
False Profits: We Will Be Suffering from Fed's Ineptitude for a Long Time (alternet.org)
Alan Greenspan's Does Not Admit Error (theawl.com)
U.S. Losing AAA Is Way to Rein in Pelosi, Reid (and the Fed!) (bloomberg.com)
The Transfer of Risk from Wall Street to Main Street (mybudget360.com)
Brady, Bush, Bechtel & the Boys (dunwalke.com)
Thank You Vladimir C. ($5) for your kind donation.
Landlord's Bargain Finder now faster (patrick.net)
Tue Feb 9 2010
Sales of million-dollar-plus houses way down (sfgate.com)
Jumbo Mortgage Serious Delinquencies Rise to 9.6% (bloomberg.com)
Priced Out Forever? Vancouver Renters and Basement Suites (vreaa.wordpress.com)
Phoneix Real Estate Prices Still Falling On Foreclosure Sales (nuwireinvestor.com)
Yes, There Are Foreclosures in Upscale Coral Gables, FL (eyeonmiami.blogspot.com)
FL's Broward property values take a nose dive (miamiherald.com)
Metro Atlanta Foreclosures Jump In February (11alive.com)
Money pit: What buying a foreclosure really costs (money.cnn.com)
American mortgages: Return to lender (economist.com)
BLS Seasonal Adjustments Gone Haywire; 11% Unemployment Coming by May? (Mish)
Gold and oil down. But not out? (money.cnn.com)
Compared to West, Asia Has Few Debt Problems (nytimes.com)
US dollar will fall against yuan, but less so against rupee (thehindubusinessline.com)
Ken Lewis: If I'm Going Down, Paulson and Bernanke Coming With Me (nymag.com)
Quiet Conflict With Goldman Helped Push A.I.G. to Precipice (nytimes.com)
Goldman's Banksters and Indymac (thinkbigworksmall.com)
Corruption, Culpability and Short-Termism (theautomaticearth.blogspot.com)
Some Things Never Change (i.imgur.com)
When healthcare coverage is insurance in name only (latimes.com)
Thank You John O. ($20) for your kind donation.
Mon Feb 8 2010
High rises saw biggest price drops (lasvegassun.com)
Foreclosures creep into wealthier areas of NJ (dailyrecord.com)
Million-dollar houses in California suffer further sales drop in 2009 (latimes.com)
Silicon Valley homedebtors rent out rooms to stave off foreclosure (mercurynews.com)
Large parts of California still in bubble (doctorhousingbubble.com)
LA area foreclosures jumped in 2009 (lacanadaonline.com)
Realtors, lenders, government screwed California; now doing it again (pinnaclenews.com)
Federal effort to help homedebtors revives risky mortgages (nctimes.com)
Mortgage banker group's massive losses on own mortgage for D.C. offices (washingtonpost.com)
Baby boomers trapped in bad housing market of their own making (chicagotribune.com)
Massive revision to show recession was even worse (marketwatch.com)
There but for the grace of God (theautomaticearth.blogspot.com)
In praise of mammoth deficits (latimes.com)
Quantitative easing: Suspended licence (guardian.co.uk)
Geithner Says U.S. Will "Never" Lose Its Aaa Debt Rating (businessweek.com)
Fed "might" buy more mortgage bonds with more counterfeit money (washingtonpost.com)
Gold - China's End Game? (brasschecktv.com)
Infographic: What Crises Could Crush Us in 2010? (fastcompany.com)
$150 Billion Reasons Why Wall Street Loves Political Gridlock (blogs.alternet.org)
Rape of America by insurance companies (latimes.com)
Thank You Christian H. ($1) for your kind donation.
Fri Feb 5 2010
Sales of pricey California houses drop (latimesblogs.latimes.com)
Foreclosures soar in Chicago in fourth-quarter (chicagotribune.com)
3 identical houses on same street (doctorhousingbubble.com)
Fannie, Freddie Hold Plenty Off the Books (thestreet.com)
Fannie Violates Own Policy by Throwing Tenants Out After Foreclosure (tenantstogether.org)
Leaders put too much stock in encouraging people to "own" houses (dailyastorian.info)
Canadian Moral Superiority - Prudent Housebuyers (catharticranter.blogspot.com)
Double standard in mortgage walkaway (insidebayarea.com)
Walking Away From Underwater Mortgages Is Perfect Capitalism (theatlanticwire.com)
Bailouts Are Incentive To Stop Paying Mortgage (seekingalpha.com)
Former Bank of America CEO Charged With Fraud By Cuomo (Mish)
Real Estate Is Top Giver to Cuomo Campaign (cityroom.blogs.nytimes.com)
U.S. May Lose 824,000 Jobs as Employment Data Revised (bloomberg.com)
Know your asset bubbles (theprovince.com)
Biggest Bubble in History: China's currency reserves (bloomberg.com)
House Hunting in ... Amsterdam (nytimes.com)
Space: It's Still a Frontier (opinionator.blogs.nytimes.com)
It Is Mathematically Impossible To Pay Off U.S. National Debt (theeconomiccollapseblog.com)
Future of the dollar (atimes.com)
Image made by patrick.net readers Rick and Donna (patrick.net)
Landlord's Bargain Finder now covering Phoenix (patrick.net)
Thu Feb 4 2010
As Values Slide, More Weigh Walking Away From Mortgages (nytimes.com)
Mortgage lenders "pursue" homedebtors even after foreclosure (money.cnn.com)
Banks Desperately Trying To Scare Debtors? (patrick.net)
More Borrowers Pay Credit Card Than Mortgage (finance.yahoo.com)
Forget The "Flat" Pending House Sales Number, Here's The Real Disaster (businessinsider.com)
5 Million Houses Will be Worth Less than 75% of Mortgage (dailyfinance.com)
It's now official government policy to overcharge house buyers (housingwatch.com)
Why We Keep Getting Poorer: High-Cost Housing (Charles Hugh Smith)
Source of 23.7 Trillion Bailout Cost? SIGTARP Report Summary (geldpress.com)
For Fannie and Freddie, the Future Looks Cloudy (nytimes.com)
The Future of Housing Demand: 4 Key Demographic Trends (usnews.com)
Kaptur Exposes Tim 'Goldman Sachs' Geithner (dailybail.com)
Stocks Plunge Risk at Highest Since April 1984 (bloomberg.com)
California State Debt Yields May Revisit 2009 Peak (Read: Trouble) (bloomberg.com)
The Enemy Is At Home (Mish)
Thank You Joe B. ($12) and Lynda B. ($50) for your kind donations.
Wed Feb 3 2010
Pacifica, CA Property Values Plummet (pacificariptide.com)
Observations on SF East Bay Housing Market (taxhome.blogspot.com)
Hawaii bankruptcy filings up 32.7% compared with January 2009 (starbulletin.com)
Rising FHA default rate foreshadows a crush of foreclosures (washingtonpost.com)
Distress Inventory Still Dominating Market In CA (financemymoney.com)
Pool of Greater Housing Fools in Australia Finally Runs Out (Mish)
China Property Market Bubble Set to Burst (bloomberg.com)
The Chinese Real Estate Bubble (businessinsider.com)
China Regulator Said to Seek to Curb Third Mortgages (bloomberg.com)
Warning of new housing crash because FSA's reform plan too weak (timesonline.co.uk)
Obama Added a New Twist to Financial Reform Talk (nytimes.com)
The Bernanke Reappointment: Be Afraid, Very Afraid (globalresearch.ca)
Not Another Wall Street Conspiracy Theory, These are Facts (moneymorning.com)
Fiscal Stimulus in a Real Depression (dailyreckoning.com)
Our debt time bomb is ready to go ka-boom (marketwatch.com)
A Decade of Enormous Deficits May Alter American Politics and Power (nytimes.com)
Corporation Mulls Bid for House Seat (miller-mccune.com)
Thank You H. S. ($10) for your kind donation.
Tue Feb 2 2010
Foreclosures hurting even higher-income homeowners (burbankleader.com)
Foreclosures continue unabated in San Luis Obispo (sanluisobispo.com)
When owning your own house doesn't pay (finance.yahoo.com)
The Next Move: Strategic Defaults (housingwire.com)
Walking away from negative equity (guardian.co.uk)
Top 5 cities where house prices are plummeting (realestate.msn.com)
Least and Most Affordable Housing in the World, By Nation and City (Mish)
Mortgaging Our Souls In Vancouver (vreaa.wordpress.com)
The Secret to the House Prices in SF Bay Area (patrick.net)
How not to lift the value of your house (theautomaticearth.blogspot.com)
Construction spending drops sharply in December (news.yahoo.com)
Making Money in Default With Munis Means Only GOs (bloomberg.com)
Why do people often vote against their own interests? (news.bbc.co.uk)
Obama's blowout budget (blogs.reuters.com)
Fannie and Freddie are dead. What's next? (fool.com)
The Subtle Nationalization of the Banks and Housing Market (doctorhousingbubble.com)
Risky Trading Wasn't Just on the Fringe at A.I.G. (nytimes.com)
Fed Gave Banks Access To $23.7 trillion Not $700 Billion! (youtube.com)
House buys, warmer climates are calling (desmoinesregister.com)
Thank You Gary P. ($100) for your kind donation.
TRAVIESO WINERY "A total hedonistic as well as intellectual turn on" RP (advertisement)
Mon Feb 1 2010
Option ARMs Surpass Subprime Mortgages in Loss Severity (housingwire.com)
Quicker "Non-Judicial" Foreclosures and Evictions Coming to Florida (Mish)
Foreclosure's new hot spots (money.cnn.com)
House selling for $744,500 but Neighbor House Renting for $2,250 (doctorhousingbubble.com)
Property Values To Fall 12 Percent In 2010 (newobservations.net)
No Housing Recovery to Bubble-Era Levels in Our Lifetimes (dailyreckoning.com.au)
Tishman Corp. Ditched Gigantic Mortgage, Why Can't You? (huffingtonpost.com)
To Stay Or Walk Away (npr.org)
Why are homedebtors idiots? (fool.com)
'Walking away' not immoral, prof says (azcentral.com)
Stocks Post Worst Monthly Decline in Nearly a Year (tradershuddle.com)
In Packaging of Loans, a Bust With a Pedigree (dealbook.blogs.nytimes.com)
TARP may cause yet bigger problems than housing bust (m.yahoo.com)
TARP Probes Jump 41 Percent in Fourth Quarter (businessweek.com)
Bank bailout program had fantastic results -- but only for banks! (marketwatch.com)
Who helped corporate rich get richer? You did. (latimes.com)
Poverty stalks the middle class (nationalpost.com)
Bernanke May Have Harder Fight Defending Fed After Confirmation (bloomberg.com)
Questions For Nobel Prize Economist Joseph Stiglitz (nytimes.com)
Forum sees Asia as the heart of the new global economic order (biz.thestar.com.my)
Fri Jan 29 2010
Why Obama Wants Unaffordably High House Prices (gregfielding.housingstorm.com)
Foreclosures inch up in SF Bay Area, Lenders Delay (sfgate.com)
Burbank foreclosure rates higher than state, nation (burbankleader.com)
Foreclosure plague: 2009's worst-hit cities (money.cnn.com)
10% of Merced Houses Are In Foreclosure (centralvalleybusinesstimes.com)
Utah House sales increase, prices fall (deseretnews.com)
House Price "Experts" Give Take on Markets in Atlanta, Beyond (pbs.org)
Lenders Pursue Mortgage Money Long After Houseowners Default (bloomberg.com)
What NY Fed Secretly Bought With Counterfeit Cash In AIG's Bailout (dealbook.blogs.nytimes.com)
Fed Keeps "Extended Period" Pledge To Screw Savers; Hoenig Dissents (bloomberg.com)
There should be no second chances for Bernanke (roomfordebate.blogs.nytimes.com)
What Happens When Banks Foreclose on Commercial Properties (ladowntownnews.com)
George Soros calls for break-up of big banks (news.bbc.co.uk)
Bank of England Governor Argues For Splitting Up Big Banks (nytimes.com)
The Growing Underclass: Jobs Gone Forever (economix.blogs.nytimes.com)
House prices will soon fall again (newstatesman.com)
Buyer, be brave: uncover the secret sales data (sfgate.com)
A Novel: The Second American Revolution (ken-szulczyk.com)
Thu Jan 28 2010
So. CA Shadow Inventory (doctorhousingbubble.com)
Fear and foreclosure in Las Vegas (telegraph.co.uk)
28% of Orlando-area rental apartments, condos, town houses vacant (orlandosentinel.com)
New-House Sales Fall, Capping Worst Year (bloomberg.com)
US housing news keeps world markets in retreat (sfgate.com)
Excess Supply of Existing Houses For Sale Equals 600,000 Units (newobservations.net)
Walk away and pay HALF as much to rent the same thing (blog.youwalkaway.com)
Housing recovery could take a decade, say optimists (washingtonpost.com)
The Lessons of Oregon's Vote to Tax the Rich (business.theatlantic.com)
Inflation: An Old People's Disease (greatdepression2006.blogspot.com)
Banks defeated soverereignty of USA (seekingalpha.com)
Bankers have a NEGATIVE value to the rest of us (bloomberg.com)
Why Are We Donating $2,000 Per Family to Wall Street Bonuses? (huffingtonpost.com)
Few at Fed Had Doubts Over A.I.G.s $30 Billion Payout (nytimes.com)
The Fed: Reappoint Captain Smith of the Titanic? (newgeography.com)
Doing the Bernanke Dance: Rational Irrationality (newyorker.com)
Banks Reviving Synthetic Bets as Volcker Blasts Default Swaps (bloomberg.com)
What us, worry? Banks double down on risk (reuters.com)
The Only Country With No Debt (kitco.com)
Jon Stewart To Elizabeth Warren: Let's Make Out (tpmlivewire.talkingpointsmemo.com)
Wed Jan 27 2010
Outlook for housing market muddied by anemic rise in prices (latimes.com)
Was that a real increase? Case Shiller house prices go up ... and down (themessthatgreenspanmade.blogspot.com)
Existing House Sales: The Lemmings Slow Down (seekingalpha.com)
Housing Market: Even More Pain in Store? (foxbusiness.com)
Bottom In House Prices, a Decade Away (zerohedge.com)
The doomsday view of of the mortgage market in Canada (kelowna.com)
The New Mortgage Revolution: Walk Away (housingwatch.com)
Fun Underwater Real Estate Graphic (patrick.net)
Apartment deals in abundance in Atlanta, for renters (ajc.com)
FDIC Friday Lotto: Another Reason Why Banks Not Lending (Mish)
Wall Street's Stranglehold on the Economy Is Choking Americans (moneymorning.com)
In anti-tax Oregon, voters consider tapping the rich (latimes.com)
Fed Weighs Interest on Reserves as New Policy Rate (bloomberg.com)
S&P issues warning on Japan's debt rating (money.cnn.com)
Insider's View of the U.S. Real Estate Train Wreck (marketoracle.co.uk)
It only gets worse this year for commercial real estate (mcclatchydc.com)
Church of England loses big in NYC real estate (news.sky.com)
After the Massachusetts Massacre (nytimes.com)
Keynes vs Hayek, Rapping (econstories.tv)
Tue Jan 26 2010
Hawaii renters getting a break (honoluluadvertiser.com)
Hawaii Foreclosures Reach Record High for December (abcnews.go.com)
Missed Hamptons mortgage payments jump 230 percent (nypost.com)
Vancouver 'severely unaffordable', study shows (financialpost.com)
Housing Unaffordability as Public Policy (newgeography.com)
House Sales, uh, "Worse Than Expected" in December (nytimes.com)
House Sales See Biggest Monthly Drop In 40 Years (npr.org)
House values won't regain bubble heights for AT LEAST a decade (latimes.com)
Tishman's "Strategic Default" on Stuyvesant Town in NYC (blogs.wsj.com)
No worries about "morality" in biggest real estate default in history (finance.yahoo.com)
Realtor Leeches Lie About Source Of Commissions (emptormaven.com)
Dummy Bidding: Inside real estate auction's notorious fraud (jenman.com.au)
Economist Steve Keen On "The Case Against Bernanke" (Mish)
Tranche Warfare Erupts as Property Owners Slide Into Default (businessweek.com)
The Global Debt Bomb (forbes.com)
Housing Guru Calls for Principal Reductions (irvinehousingblog.com)
Consumer groups question insurers' use of credit scores (mcclatchydc.com)
Simple Solution for Getting Bill Collectors Off Your Back. Sue Them. (dallasobserver.com)
Investors dominate house flipping, auctions (sfgate.com)
Landlord's Bargain Finder: How To Get A Decent Return On Your Cash (patrick.net)
Thank You Max M. ($10) and Daniel B. ($50) for your kind donations.
Mon Jan 25 2010
Housing market blue in Hawaii (financialpost.com)
Haiti refocuses attention on quake insurance for California (sfgate.com)
Rents Fall to 3 1/2 Year Low in Orange County (calculatedriskblog.com)
West Coast Wasteland (thenation.com)
Housing bust keeps consuming California jobs (latimes.com)
Unemployment rises in 43 states (articles.moneycentral.msn.com)
Mortgaging Our Souls In Paradise (Vancouver Real Estate)
The new breed of perma-renters (marketplace.publicradio.org)
2010: The Year of the Renter? (nytimes.com)
What Could You Live Without? (nytimes.com)
The housing bust and what to expect next (opednews.com)
Excellent Explanation of Bubble (debtdeflation.com)
Rewriting the Fed's history (network.nationalpost.com)
Flashback 2005: Bernanke on housing and consumer debt (bubblemeter.blogspot.com)
Fed Buys Another $12bn of Fannie, Freddie Crap With Counterfeit Money (housingwire.com)
Volcker Rule Vindicates Former Fed Chief (bloomberg.com)
Stakes are high as government plans exit from mortgage markets (washingtonpost.com)
US Economy: Is The Worst Really Over? (ezega.com)
Why The U.S. Economy Is Dying And Not Going To Recover (theeconomiccollapseblog.com)
Top 10 ways to spend a Goldman Sachs bonus (csmonitor.com)
Thank You Brent C $25 and Christopher M $25 for your kind donations.
Fri Jan 22 2010
Rents, occupancy fall in 4th quarter (sfgate.com)
House Prices in FL continue to UnTriple (patrick.net)
Rise in jobless claims (sfgate.com)
Housing starts in 2009 worst since World War II (csmonitor.com)
Builders, buyers embrace smaller houses (marketwatch.com)
$75 Oil Cannot Support House Construction in Burbs (mybudget360.com)
U.S. Life Insurers May Face More Real Estate Losses (bloomberg.com)
The End of Wall Street As We Know It (blog.newsweek.com)
Warren Buffett's thoughts on bailout, housing, tax (nypost.com)
Buffett lets public down -- again (blogs.reuters.com)
Obama to Propose New Limits on Banks (online.wsj.com)
Glass-Steagall (Mish)
A few thoughts on the Great Depression (themessthatgreenspanmade.blogspot.com)
Another Very Bad Year for American Housing (dailyreckoning.com.au)
China and the U.S.: Dysfunctional Real Estate Bubble Twins (Charles Hugh Smith)
What Are the Costs of China's Currency Policy? (knowledge.wharton.upenn.edu)
Japan, China, Greece and Geithner (theautomaticearth.blogspot.com)
We are past campaign mode (youtube.com)
Thu Jan 21 2010
Fund manager sees another crash in house prices (marketwatch.com)
Foreclosures at 39% in Sedona, AZ (redrocknews.com)
Strength of Canadian housing market questioned (albertalocalnews.com)
Forclosed Whistler ski resort to auctioned during Vancouver Olympics (olympics.thestar.com)
More bank failures expected in 2010 (therealdeal.com)
Failing Banks Offer Good CD Rates And FDIC Guarantee (financemymoney.com)
Joseph Stiglitz: 'We're More Strict With Our Poor Than With Our Banks' (huffingtonpost.com)
Poll Results from MA: Voters Think Obama Sides With Banks (thepeoplesvoice.org)
Obama Wades Deeper Into Banking Debate (nytimes.com)
Housing Starts, Vacant Units and the Unemployment Rate (calculatedriskblog.com)
Market long way from recovery, says Portland Cement Assoc. (axcessnews.com)
Housing market's recovery to be slow, builder convention told (signonsandiego.com)
Economics focus: Digging out of debt (economist.com)
No Way Out For Japan (Mish)
China Chokes Credit while Euro plummets (forexblog.oanda.com)
Two More Reasons to Sell Treasury Bonds (dailyreckoning.com.au)
F.H.A. to Raise Standards for Mortgage Insurance (nytimes.com)
Property prices in Nairobi are soaring, from pirate money (progress.org)
Thank You Jon P. ($20) for your kind donation.
Wed Jan 20 2010
New Rental Rate Service (patrick.net)
Banks start foreclosure on 1,500 Orange County mortgages (mortgage.freedomblogging.com)
Californians down over finances again (sfgate.com)
A Manhattan apartment for the price of a car? (therealdeal.com)
Tough housing market in 2010 (vcstar.com)
One in seven U.S. mortgages foreclosing or delinquent (reuters.com)
Hong Kong Leads Gains in Global House Prices (bloomberg.com)
Rogers Says Hong Kong Property in Bubble (businessweek.com)
Pawnshops Thrive, Draw Scrutiny over Interest Rates (time.com)
Banking Secrets and Fed Transparency (Mish)
Logjam Continues for Loan Mods (propublica.org)
Brainwashed to think banks are the victims (heraldtribune.com)
Wall St. Weighs Legal Challenge to Proposed Bank Tax (nytimes.com)
Goldman delays bonus decision (reuters.com)
Is The U.S. Economy Being Tanked By Mistake or By Intent? (lewrockwell.com)
Dubai Debt Crisis Halts Building Of World's Largest Indoor Mountain Range (theonion.com)
Tue Jan 19 2010
Biggest Discounts In SF Bay Area Are In "The Fortress" (blog.redfin.com)
$1 million-plus houses in Orange County repo pipeline (mortgage.freedomblogging.com)
Bank of America to release some shadow inventory in Nevada (lvrj.com)
Foreclosures soar despite effort to delay them (freep.com)
Miami-Dade County Selling Foreclosures Online (nytimes.com)
Foreclosure picture bleak - Unemployment wreaking havoc (telegram.com)
The intentional renters: Alameda couple reflects on hidden costs of ownership (sfgate.com)
What House Sellers Don't Tell Buyers (online.wsj.com)
Don't bet on the housing "rebound" continuing (themessthatgreenspanmade.blogspot.com)
China's Utterly Undeniable Real Estate Bubble (thefastertimes.com)
Bernanke can't ignore effect of easy money (app.com)
Bair: Securitization Rating Alchemy Fueled Toxic Mortgages (housingwire.com)
Big Banks Accused of Short Sale Fraud (cnbc.com)
Bankers Without a Clue (nytimes.com)
Moral Hazard and the Crisis (newyorker.com)
JPMorgan CEO calls commercial real estate a 'train wreck' (marketwatch.com)
For Tishman Speyer, Keeping Commercial Landmarks May Be Harder (nytimes.com)
'Significant chance' of second financial crisis, warns World Economic Forum (telegraph.co.uk)
Some Testimony Before The Financial Crisis Inquiry Commission (PDF - fcic.gov)
Stephen Colbert on Banks Slicing and Dicing Honor Derivatives (Mish)
Fri Jan 15 2010
3 Reasons House Prices Are Heading Lower (money.cnn.com)
4 Economic Scenarios You'd Better Hope Won't Materialize (seekingalpha.com)
5 Reasons why you Shouldnt Buy a House in California in 2010 (doctorhousingbubble.com)
Prime Jumbo RMBS Delinquencies Swell to 9.2% (housingwire.com)
Foreclosures top record in 2009, no end in sight (marketwatch.com)
Record year for foreclosures as unemployment rises (miamiherald.com)
Hawaii had 9,000 foreclosures in '09, up threefold (pacific.bizjournals.com)
The foreclosure process: alternatives and consequences (naplesnews.com)
Landlords sitting on empty commercial space in New York (therealdeal.com)
Decline in Credit Card Debt in US (globalresearch.ca)
A Call for More Regulation at Fiscal Crisis Inquiry (nytimes.com)
U.S. financial crisis panel to call Greenspan, Cox (reuters.com)
All that matters is that the bankers got record bonuses (theautomaticearth.blogspot.com)
"Audit The Fed" and "Got Gold?" - Stamp the Messages Lovingly Everywhere (Mish)
The Benefits of Missing the Global Party (smartmoney.com)
China's Housing Bubble (shanghaiist.com)
Japanese vs. US National Debt (fatknowledge.blogspot.com)
ATT enables $10 text message donations to Haiti (sfgate.com)
Raining on the housing parade (bloximages.chicago2.vip.townnews.com)
Thu Jan 14 2010
Twin Cities Housing (minnesota.publicradio.org)
Houseownership: Less Than Meets the Eye (businessweek.com)
New rules designed to speed up short sales (orlandosentinel.com)
California Creditors Dread IOUs With Aid Plea Failing (bloomberg.com)
Californias Folly: Proposition 13 (beyondchron.org)
Landlords Pocketed Prop 13 Savings, Killed CA Schools (lacitybeat.com)
Fed Seeks to Block Release of Bank Bailout Secrets (bloomberg.com)
Defense Of Fed Secrecy (Mish)
Interest Rates Fueled Boom (cbsnews.com)
Scariest Chart Of The Day (business.theatlantic.com)
Treasury Investors Most Bearish in 2 Years (bloomberg.com)
Surely he can't still be bearish? (ftalphaville.ft.com)
Questions for the Big Bankers (nytimes.com)
Crisis Inquiry Commission hears from Blankfein (money.cnn.com)
Bill Maher Explains Why You Should Move Your Money (huffingtonpost.com)
China Bans Bank Commissions for Real-Estate Agents (online.wsj.com)
Wed Jan 13 2010
More Houseowners Struggling As Option ARMs Reset Higher (cnbc.com)
The Tip of the Foreclosure Iceberg (housingstorm.com)
Second Wave Of Mortgage Defaults Coming (youtube.com)
Here Comes the 'Double-Dip Recession' (seekingalpha.com)
Retail Winners: Off-Price is On Target (caps.fool.com)
Australia & NZ still in huge bubble (slycapital.wordpress.com)
Capitalist Fools In Commerical Real Estate (theatlantic.com)
Lenders Are More Culpable than Borrowers (irvinehousingblog.com)
Mortgage deduction contributed to housing collapse (centralvalleybusinesstimes.com)
S.E.C. Seeks New Charge Against Bank of America (dealbook.blogs.nytimes.com)
U.S. Subpoenas 15 FHA Lenders With High Mortgage Defaults (businessweek.com)
Obama Plans to Raise $120 Billion From Banking Fees (bloomberg.com)
The Capture of our Government by Wall Street (mybudget360.com)
U.S. economy still hemorrhaging jobs (marketwatch.com)
Even in a Recovery, Some Jobs Won't Return (online.wsj.com)
Add homebuilders to the government bailout tab (money.cnn.com)
Why Fed's Reflation Efforts Will Fail (Mish)
Federal Reserve "earned" $45 billion in 2009 gaming interest rates (washingtonpost.com)
Federal Reserve Profits - aka Unaudited Fake Profits (geldpress.com)
Your Legal Right To Redeem Your Money Market Account Has Been Denied (zerohedge.com)
Tue Jan 12 2010
It May Be Financially Irresponsible to Pay Your Mortgage (lewrockwell.com)
Why Option ARMs will hit Mid to Upper Priced Houses (financemymoney.com)
Massive Tsunami of Defaults Coming (youtube.com)
Quake illustrates force of plate movement (sfgate.com)
Gentrification Hangover in NYC (prospect.org)
The Banks Are Run By Robot Monkeys (contracostatimes.com)
Federal Reserve Seeks to Protect Bankster Bailout Secrets (bloomberg.com)
Yield curve can't drive profits if banks won't lend (blogs.reuters.com)
Is it just my return to earth, or is TARP just not working? (heraldtribune.com)
Corker questions Geithner on 'blank check' (politico.com)
Israel real estate companies to face debt problems this year (jpost.com)
China Ends U.S. Reign as Largest Auto Market (bloomberg.com)
In China, fear of a real estate bubble (washingtonpost.com)
Pimco's Paul McCulley Wants Japan To Go "All In" (Mish)
Bernanke's Eye on Real Estate (onn.tv)
Keynesian Economics vs. Austrian Economics (eclipptv.com)
America slides deeper into depression as Wall Street parties (telegraph.co.uk)
Learning From Europe (nytimes.com)
Colorado Voters Craving Reform of Health Care COSTS (nytimes.com)
Mon Jan 11 2010
Maui house prices down to 2003 level (honoluluadvertiser.com)
Shadow inventory stalks Tampa Bay housing market (tampabay.com)
Foreclosure glut deflates all house sales (marketwatch.com)
Home sweet rental (nypost.com)
Is it time for a rental renaissance? (guardian.co.uk)
Out Of Work Americans Driving Vacancy Rates To 30 Year High (businessinsider.com)
Actual unemployment rate higher than shown by official numbers (bloomberg.com)
Why You MUST Walk Away From Your House! (directorslive.com)
SF Bay Area sees boom in bankruptcies (contracostatimes.com)
Merchants suffering along wealthy Union Street in San Francisco (sfgate.com)
B of A Churning Mortgages? (patrick.net)
The Other Plot to Wreck America -- Elite Finance (nytimes.com)
2009: The Year of the Great Vampire Squid, Goldman Sachs (solari.com)
Pension fund sues Goldman Sachs over employee pay (washingtonpost.com)
Fed May Extend Its Crap Mortgage Purchases, Diluting Your Dollars (dailyfinance.com)
Ponzi Scheme: Fed Bought 80% Of Treasuries In 2009 (theeconomiccollapseblog)
"F@k The Fed" Song (dailybail.com)
FHA's dilemma - subsidize crap loans or stay solvent? (sfgate.com)
Treasury Bonds, The Short Of The Century (seekingalpha.com)
45% would replace Congress with names drawn randomly from telephone book (dvorak.org)
Thank You Giles P. ($10) for your kind donation.
Fri Jan 8 2010
Men Happy to Be Free From Owning Houses (nytimes.com)
Apartment Vacancy Rate Highest on Record, Rents Plunge (calculatedriskblog.com)
U.S. Now a Renters' Market (online.wsj.com)
Housing Market in 2010: The Idiocy Continues (seekingalpha.com)
Walk Away From Your Mortgage! (nytimes.com)
Principal Cuts on Lender Menus as Foreclosures Rise (bloomberg.com)
Commercial Vacancy Rates at Record Heights at 10 Percent (mybudget360.com)
Massive Jump In Emergency Unemployment Compensation Benefits (Mish)
Iceland, or Size matters (theautomaticearth.blogspot.com)
Iceland Won't Pay English Depositor Losses? That makes them TERRORISTS! (patrick.net)
65% Predict Three Years or More For Housing Market To Recover (rasmussenreports.com)
Homebuyer Tax Credits Exceptionally Inefficient (bloomberg.com)
China's dollar reserves, America's debt (old but good) (dailyreckoning.co.uk)
The mess that Bernanke is making worse (themessthatgreenspanmade.blogspot.com)
Fed May Extend Crap Mortgage Purchases With Counterfeit Money (housingwire.com)
Bailout Recipients (bailout.propublica.org)
Consumers Are Moving Their Money to Credit Unions (huffingtonpost.com)
Exercises In Supreme Hypocrisy: Bill Gross Edition (zerohedge.com)
5 centuries of bubbles and bursts - 1634-38: Tulips (money.cnn.com)
Health Care Reform (philip.greenspun.com)
Thank You Tom C. ($15) and James S. ($7) for your kind donations.
Thu Jan 7 2010
Mortgage Demand Near 6-Month Low as Rates Jump (cnbc.com)
Stockton, CA is Foreclosureville, USA (thecalifornian.com)
A $905,000 Foreclosure that Lasted 18 Months. Now Listed for $699,000. (doctorhousingbubble.com)
South Florida foreclosures up 29% (miamiherald.com)
SF Bay Area retail centers mired in foreclosures (contracostatimes.com)
Commercial Property Is Biggest Risk, U.S. Bank Examiners Find (bloomberg.com)
Iceland's President Effectively Tells UK "Go To Hell" (Mish)
GMAC headed for $5 billion loss (money.cnn.com)
The Christmas Eve Massacre of the U.S. Taxpayer (seekingalpha.com)
Taxpayers Help Goldman Reach Height of Profit in New Skyscraper (bloomberg.com)
Firm suggests government manipulated stocks (marketwatch.com)
Bernanke faces mounting criticism after speech (thehill.com)
If the Fed Missed That Bubble, How Will It See a New One? (nytimes.com)
Lobbying Blows Back on Mortgage Lenders, Shareholders (industry.bnet.com)
The Peak of Something (nytimes.com)
Thank You Les W. ($5) for your kind donation.
Wed Jan 6 2010
Silicon Valley Bloodbath Leaves Buildings Empty (bloomberg.com)
Palo Alto Owners Grasping At Straws, Trying To Defend Prices (paloaltoonline.com)
Median sale price of Honolulu houses fell by 7.9% in 2009 (honoluluadvertiser.com)
Manhattan Apartment Prices Fall as Finance Jobs Lost (bloomberg.com)
North Carolina foreclosure filings up by 17 percent in 2009 (thetimesnews.com)
Pending house sales index plunges 16% (marketwatch.com)
Pending House Sales Fall After Months of Gains (nytimes.com)
Why Interest Rates Will Rise in 2010 (housingstorm.com)
Can House Prices Fall Another 38 Percent? (mybudget360.com)
Fed Economist: Housing Is a Lousy Investment (blogs.wsj.com)
3 Housing "Truisms" That Make No Sense (fool.com)
How Visa, Using Fees Behind Its Debit Card, Dominates a Market (nytimes.com)
Baum Makes Mincemeat of Bernanke's Twisted Logic (Mish)
Taylor Disputes Bernanke on Bubble, Blaming Fed's Low Rates (bloomberg.com)
Fed purchases of toxic mortgage securities increased monetary base (businessinsider.com)
Banks Return to Toxic Assets, Betting Fed's Rape Of Public Will Continue (thedailybeast.com)
Icelanders Reject Law Forcing Them to Pay Banksters' Gigantic Debt (theflucase.com)
Power, not productivity, determines earnings. (latimes.com)
Housing Bubble Stifled Productive Innovation (gawker.com)
Very Pessimistic Presentation About World Economy (youtube.com)
Tue Jan 5 2010
It remains immensely foolish to buy a house (americancompass.org)
Aspen's County foreclosures approach record in 2009 (aspendailynews.com)
Foreclosure rates spike in upper-, middle-class neighborhoods (yournorwin.com)
Housing Animal Spirits to Be Banished by Prime Foreclosures (bloomberg.com)
Calif. house prices on the skids in 2010 (dailynews.com)
Latest Case-Shiller Housing Report: 2010 Crisis? (seekingalpha.com)
Feldstein Says Lack of 2010 Giveaways Serious Cloud on Growth (businessweek.com)
Commercial RE Flood Set to Start in '10 (financial-planning.com)
Maui Resort Default Clouds Future (mauinews.com)
West Palm Beach wants lenders to improve upkeep on abandoned houses (palmbeachpost.com)
Bernanke Speech on Monetary Policy and the Housing Bubble (federalreserve.gov)
The Fed shouldn't pass the buck on housing bubble (finance.yahoo.com)
Ben Bernanke Looks In Mirror, Sees Barney Frank (Mish)
A year into Obama's reign, Ron Paul's loopy ideas now making sense (latimesblogs.latimes.com)
Employment change in recession (minneapolisfed.org)
Morgan Stanley sued over failed $1.2 billion CDO (reuters.com)
Fannie and Freddie Execs Rewarded For Evil (washingtonpost.com)
Law firm gorges on mortgage defaults (tbo.com)
Japan dealing with bubble aftermath (already old but good) (nytimes.com)
Get the hell out of Dodge (theautomaticearth.blogspot.com)
Mon Jan 4 2010
Since when does inflation make people richer? (guardian.co.uk)
Real Estate in Cape Coral, FL, Is Far From Recovery (nytimes.com)
Foreclosures add honesty to house appraisals (sfgate.com)
Foreclosure Leading To... Happiness! (patrick.net)
Living In A Real Housing Bubble (nytimes.com)
One Million is the new Two Million (calculatedriskblog.com)
Landlords lowering apt rents in Las Vegas (lvrj.com)
Mortgage Modifications Are Seen as Adding to Housing Woes (nytimes.com)
Twenty years on, Japan is still paying its housing bubble bills (economist.com)
Low rates didn't cause bubble, Bernanke says (marketwatch.com)
A critique of Ron Paul's 'End the Fed' (curiouscapitalist.blogs.time.com)
How Goldman Made Billions Destroying US In 4 Easy Steps (theeconomiccollapseblog)
U.S. to Lose $400B on Fannie, Freddie ($1,333 per citizen) (businessweek.com)
Fannie, Freddie proving too big to shrink (sfgate.com)
For the feds, some Wall Street firms are too big to punish (mcclatchydc.com)
English PM Says Tax Hikes on Wealthy Will Halve Deficit in 4 Years (businessweek.com)
Bill Gates' Father On Estate Taxes (wealthforcommongood.org)
What Happens When California Defaults? (newgeography.com)
It's Always the End of the World as We Know It (nytimes.com)
Islam Motivated Detroit Terrorist And Attack On Danish Cartoonist (faithfreedom.org)
Thank You David and Xia B. ($20), Joel P. ($25), and Lee H. ($35) for your kind donations.
Fri Jan 1 2010
10 years...no gain in house prices (money.cnn.com)
Don't Be Fooled by the Housing Market's False Bottom (moneymorning.com)
3 reasons house prices are heading lower (money.cnn.com)
Let House Prices Do What They Must (rasmussenreports.com)
Falling house prices are not all bad, duh. (moultrieobserver.com)
If Anybody Bothered to Take a Close Look at the Latest Housing Numbers... (zerohedge.com)
Why the Fed's Next Act Could Be Its Hardest (businessweek.com)
Fed buys $9.3 bln net in agency MBS in latest week (reuters.com)
Mortgage Bond Rally May End, Rates Rise as Fed Stops Purchases (bloomberg.com)
Bankers Get $4 Trillion Gift From Barney Frank (bloomberg.com)
Paul Volcker: The Lion Lets Loose (businessweek.com)
Colorado's Minimum Wage Becomes 1st in US to Drop (abcnews.go.com)
Evanston Illinois' Social Experiment To Solve Budget Deficit (Mish)
Not So Radical Reform (businessweek.com)
Robert Shiller on the Next Bubbles (newsweek.com)
Squatter Scam (calculatedriskblog.com)
Predictions For 2010 (rense.com)
Thank You Anonymous ($10) for your kind donation.
Thu Dec 31 2009
The Vancouver Bubble And Bust (vreaa.wordpress.com)
Telluride, CO Sees Foreclosures (telluridenews.com)
Garfield County, CO foreclosures to top 400 this year (aspendailynews.com)
Billions to Fight Foreclosure, but Few New Loans (nytimes.com)
Are Houses now "Cheap"? (calculatedriskblog.com)
The Numbers Still Say 30% Down 30% Left To Fall (newobservations.net)
House prices will continue to collapse like a ponzi scheme (thepanicnews.com)
How to lose 48.7% in Bay Area real estate in just two years and three months (patrick.net)
Candid remarks by developers (urbansurvival.com)
More ammo for the bazooka (blogs.reuters.com)
Legislation Introduced By Barney Frank Pre-Approves $4 Trillion For Next Crisis (Mish)
Housing math lesson (youtube.com)
Move Your Money: A New Year's Resolution (huffingtonpost.com)
The Year for Plan B (theautomaticearth.blogspot.com)
A Farewell to Equity... (healdsburgbubble.blogspot.com)
Seven 2009 memories sure to stay with you, like it or not (latimesblogs.latimes.com)
Housing sales seen shifting in 2010 (ocregister.com)
Man pleads guilty to selling house already in foreclosure (wenatcheeworld.com)
Wed Dec 30 2009
Interview With Patrick (directorslive.com)
U.S. house prices flat; Double-dip hoped for (latimes.com)
New Slip in Housing Prices Cause For Optimism (nytimes.com)
Renting Still A Better Deal Than Buying (epaper.investors.com)
Md. house tax assessments to fall an average 19.7% (baltimoresun.com)
Fannie Mae Delinquencies Increase Sharply in October (calculatedriskblog.com)
Florida Supreme Court requires mediation before foreclosure (miamiherald.com)
Moody's CRE Price Index Continues to Decline (retailtrafficmag.com)
Morgan Stanley Predicts 5.5% 10-Year Treasuries, 30 Year Mortgages at 7.5% (Mish)
The Treasury knows housing still falling (seekingalpha.com)
State, Local Budget Crises May Slow U.S. "Recovery" (newsweek.com)
Wall Street's 10 Greatest Lies of 2009 (alternet.org)
Ten predictions for 2010 (resourceinvestor.com)
The New Decade: Billionaire Bailouts or Progressive Resurgence? (huffingtonpost.com)
President Jackson's 1832 Veto Message on Bank of United States (like the Fed) (law.yale.edu)
Treasury Bank Error In Your Favor! (img.timeinc.net)
Darth Vader's Condo In Glendale (youtube.com)
Thank You Prime Time Solutions ($25) for your kind donation.
Tue Dec 29 2009
Bad bets: The condo meltdown in Las Vegas mirrors Miami's (miamiherald.com)
Trial loan modifications hurt borrowers' credit histories (money.cnn.com)
Short sales of houses can mean long waits for buyers (chron.com)
What's the benefit of waiting as a buyer? Saving $200K-$300K! (patrick.net)
Four reasons to walk away from your option ARM (financemymoney.com)
Foreclosures rise in third quarter (csmonitor.com)
House flipping makes a comeback (a bad omen) (realestate.msn.com)
Real estate speculator defaulted on 20 loans for 10 Queens houses (nydailynews.com)
Treasury signals more Fannie, Freddie activism (marketwatch.com)
The Most Redeeming Feature of Capitalism is Failure (Mish)
Fannie, Freddie shares soar despite doubts about future (money.cnn.com)
2009: The Year Wall Street Bounced Back and Main Street Got Shafted (huffingtonpost.com)
Fed activity stats show why we are still in recession (seekingalpha.com)
The Recession Begins Flooding Into the Courts (nytimes.com)
US mortgage industry grapples with unfamiliar honesty (reuters.com)
D.C. housing market's collapse lessens developers' swagger (washingtonpost.com)
Mon Dec 28 2009
November new house sales sink 11 percent (news.yahoo.com)
Growing foreclosure rate a drag on Maui (mauinews.com)
Where Americans aren't moving - California (money.cnn.com)
Adjustable financing is bad for your health (richuncletim.blogspot.com)
More mortgage-modification horror stories (marketwatch.com)
2009's Mortgage Modifications Pretty Minor (quotes Patrick!) (sfgate.com)
Housing Inventory Still Dramatically Oversupplied (newobservations.net)
House equity lending evaporates (news.yahoo.com)
No Morals, No Hazard (theautomaticearth.blogspot.com)
No consequences for lying borrowers (finance.yahoo.com)
Weird tax auction postponement (ttc.lacounty.gov)
Average Americans Lured into Debt Servitude by Promises of Wealth (mybudget360.com)
How Goldman secretly bet on the U.S. housing crash (mcclatchydc.com)
If billionaires don't feel guilty about walking away from debts, should houseowners? (slate.com)
Walking Away From The House She Can Afford (npr.org)
Elderly Savers Financially Murdered By Low Rates, To Save Debtors (nytimes.com)
One Analyst's View Of The Economy's Future Ain't Lookin' Too Good (dvorak.org)
Mortgage History Lessson From Chicago, 1877 (union03g.wordpress.com)
If Mexico can cover its citizens' health care, why can't we? (mcclatchydc.com)
Bolivians learn Chinese to boost their trade options (news.bbc.co.uk)
Thank You Eric L. ($10) and Cudick A. ($50) for your kind donations.
Wed Dec 23 2009
2010: Another year, another crisis (blogs.reuters.com)
Housing May Stay Shaky Without U.S. Aid (online.wsj.com)
Despite modified loans, many houseowners lag again (miamiherald.com)
Cities Where Houses Are Losing Most Value (forbes.com)
U.S. Commercial Property Falls to Lowest in 7 Years (bloomberg.com)
Time interview with Bernanke (time.com)
Ben Bernanke Refinances Out of "Exploding" Adjustable Rate Mortgage (fundmymutualfund.com)
Feds urged to go slow on mortgage tightening (fftimes.com)
Lessons from the U.S. housing collapse of 1926 (theglobeandmail.com)
Corrupt Politics and Imprudent Bailouts are Two Peas in Same Pod (Mish)
Banks with political ties got bailouts, study shows (reuters.com)
Banks Reaping Bounty in TARP Repayment Fees (nytimes.com)
Father and son charged with appraisal fraud (mortgage.freedomblogging.com)
Watchdog needed to prevent financial collapse (heraldtribune.com)
Private vs. Public Sector Pay (economix.blogs.nytimes.com)
They're All Against Jobs (huffingtonpost.com)
Small-business bankruptcies rise 81% in California (latimes.com)
Value of Gold in Banking System (lewrockwell.com)
Fixing sovereign debt with accounting tricks (webofdebt.com)
The Fate Of A Subprime Loan: Can This Man Hold On To His Mortgage? (huffingtonpost.com)
Merry Christmas! Housing crash news will be back on Monday Dec 28th.
Tue Dec 22 2009
Serious U.S. mortgage delinquencies up 20 percent (finance.yahoo.com)
Housing market is expected to slip before full recovery (freep.com)
Hawaii foreclosures up 122 percent in November (google.com)
Recession hit Silicon Valley in two waves (mercurynews.com)
California house values likely to be down in 2010 (nctimes.com)
Baja CA: One man's war zone is another's paradise (latimes.com)
Why Florida's foreclosures will continue for years longer (heraldtribune.com)
Buyers and Sellers Worlds Apart On House Vlues (heraldtribune.com)
Borrowers with modified loans falling into trouble (finance.yahoo.com)
Real-estate market still under stress (scrippsnews.com)
The weakest hands fold first (theautomaticearth.blogspot.com)
U.S. property faces long road to recovery (reuters.com)
Deposit Insurance Fund, UNoffcially (blogs.reuters.com)
Taxpayers Help Goldman Reach Height of Profit in New Skyscraper (bloomberg.com)
Bernanke Debate Intensifies (cnbc.com)
Bring Back the RTC? (globest.com)
Foreclosures for "seriously delinquent loans" topped 1 million in Q3 (latimes.com)
Spend or save -- what's an American supposed to do? (latimes.com)
With rates so low, where should your cash go? (msnbc.msn.com)
Top 10 Outrageous Predictions for 2010 (cnbc.com)
Thank You Lisa S. ($50) and George K. ($5) for your kind donations.
Mon Dec 21 2009
More houses are poised to hit the market (latimes.com)
Glut of shadow properties could hurt housing prices (tennessean.com)
Foreclosure backlog estimated at 1.7M (news.yahoo.com)
MLS Provides False Picture Of Inventory (doctorhousingbubble.com)
Maps show where tsunami floods would hit California (sfgate.com)
San Diego County Tsunami Inundation Maps (conservation.ca.gov)
Apartments Evacuated as California Cliff Crumbles Into Pacific Ocean (sphere.com)
Housing Prices Could Tumble Again (huffingtonpost.com)
Why not walk away? Conditioning, morality, or naivete? (themessthatgreenspanmade)
McCain wants to resurrect Glass-Steagall (blogs.reuters.com)
Harvard Swaps Are So Toxic Even Summers Wont Explain (bloomberg.com)
Housing Crash Leads to a Falloff in Divorces (online.wsj.com)
Seven U.S. banks closed; 2009 failures at 140 (marketwatch.com)
Lenders yanking remade loans (modbee.com)
My Half-Baked Bubble (nytimes.com)
Realtors Try Used-Car Salesman Tactics (minyanville.com)
Why Goldman Sachs Is Committing Treason (hubpages.com)
Commercial real estate on shaky foundation (sfgate.com)
Oh, CRE: Holiday parody of the song O Christmas Tree (Mish)
Thank You Ambreen B. ($25) and Li H. ($3) for your kind donations.
Fri Dec 18 2009
Luxury-House Owners in U.S. Walk Away More Than Others (bloomberg.com)
Debtor's Dilemma: Pay the Mortgage or Walk Away (online.wsj.com)
Palo Alto Short Sale Example (patrick.net)
Shadow inventory looms over housing market (centralvalleybusinesstimes.com)
Federal government is selling lots of houses in South Florida (sun-sentinel.com)
FL commercial sites now sit vacant, stalled, foreclosed (news-press.com)
Builder Hovnanian sees more red ink, revenue falls (menafn.com)
More People Remaining Unemployed Longer (courant.com)
Spend or save -- what's an American supposed to do? (latimes.com)
Morgan Stanley to Walk Away From 5 San Francisco Towers Bought at Peak (bloomberg.com)
Banks walk away, while telling you not to! (market-ticker.denninger.net)
Citigroup to stop admitting losses for 30 days (usatoday.com)
China central banker says harder to buy U.S. Treasuries (reuters.com)
Gulf Monetary Union to Launch Currency (Mish)
Debt disaster fears rumble from Athens to London (marketwatch.com)
Thank You Eli C. ($20) for your kind donation.
Thu Dec 17 2009
Housebuyer Tax-Credit Extension Fails as Catalyst (bloomberg.com)
More foreclosures on horizon in LV (lvrj.com)
Housing's Treacherous Path: From 44% Houseownership to 70% (financemymoney.com)
With U.S. Opportunities Dim, Expats Return Home (online.wsj.com)
Walnut Creek Realtor's Building In Default (contracostatimes.com)
Israel Billionaire Leviev Mired in New York Property (bloomberg.com)
4 Big Mortgage Backers Swim in Ocean of Debt (nytimes.com)
The Global Attack on Bankers at Large (dailyreckoning.com)
Bernanke Foes Seek to Curtail Fed (online.wsj.com)
Bernanke Trots Out The Boy Scout Motto (Mish)
Monetary Policy Still Too Accommodative (glgroup.com)
Norwegian Central Bank Increases Key Rate To 1.75% (norges-bank.no)
Gold Buying by Central Banks May Send Signal to Sell (bloomberg.com)
Nightmare scenarios haunt states (stateline.org)
What do we really learn from a crisis? (csmonitor.com)
Bank Bailout Illustration (roflrazzi.files.wordpress.com)
Thank You Glenn B. ($20) for your kind donation.
Wed Dec 16 2009
Many counties in California are still overpriced. Massively overpriced. (doctorhousingbubble.com)
Foreclosure buyer demand dips as supply mounts (reuters.com)
S&P Downgrades Mortgage Bonds Backed By Prime Jumbo Loans (online.wsj.com)
Credit Suisse Sued By MBIA Over Mortgage Securities (bloomberg.com)
Travails of finance capitalism are not over (flonnet.com)
Housebuilder sentiment index dips in December (finance.yahoo.com)
Realtor: "All the CRAZIES are out there buying now" (healdsburgbubble.blogspot.com)
Underwater Houseowner Should Have Waited Longer To Buy (online.wsj.com)
Underwater, Securitized, and Screwed by the "Pass the Trash" Strategy (Mish)
The Fed will hike rates -- in 2011 (money.cnn.com)
Why China won't succeed America (theautomaticearth.blogspot.com)
Obama and the fat cat bankers (examiner.com)
Poll Reveals Trauma of Joblessness in U.S. (nytimes.com)
2009 Was Better Than Expected: Will 2010 Be Worse? (taipanpublishinggroup.com)
The biggest real estate flops of 2009 (finance.yahoo.com)
Thank You Scott B. ($20) for your kind donation.
Tue Dec 15 2009
Luxury house markets show bigger % price cuts (lansner.freedomblogging.com)
San Francisco Shadow Inventory LARGER than Regular MLS Data (financemymoney.com)
California house values likely to be down in 2010 (nctimes.com)
Nearly 650,000 are long-term jobless in CA (economy.freedomblogging.com)
Another wave of Phoenix-area foreclosures forseen (google.com)
Condo buyers allege flipping scheme (heraldtribune.com)
Defaults to Rise as Credit Issues Remain (bloomberg.com)
Book: Houseownership and easy money created crisis (ft.com)
Why a 35% Decline in Housing Values Would Be Good for the Nation (Charles Hugh Smith)
Housing bubbles and market sense (old but good - interest.co.nz)
Weathering the Downhill Slope of Recreational Real Estate (nytimes.com)
Fannie Mae Losses May Exceed $200Bn (housingwire.com)
America's municipal-bond market: State of pay (economist.com)
America's debt burden starts to shrink (blogs.reuters.com)
Thoughts on Fed's Exit Strategy (Mish)
Desperate times call for deep discounts at the mall (latimes.com)
Made in South Florida: Homegrown products search for a niche (miamiherald.com)
Cleaners 'worth more to society' than bankers (news.bbc.co.uk)
US House passes pro-Wall Street banking bill (wsws.org)
Thank You Anonymous ($30) and Dmitriy M. ($25) for your kind donations.
Mon Dec 14 2009
Plummeting prices on high-end SF East Bay houses (sfgate.com)
How buying a house is gambling (seekingalpha.com)
Alamo robbery suspect lost housing bet, was about to lose house (sfgate.com)
Los Angeles-area foreclosure rate increases in October (latimesblogs.latimes.com)
California housing market will face another bad year in 2010 (doctorhousingbubble.com)
Foreclosures fall, but banks bracing for next big wave (csmonitor.com)
U.S. apartment occupancy, rent to stay weak in '10 (reuters.com)
Spending Down Across Incomes (Mish)
U.S. House rejects mortgage "cramdown" measure (news.yahoo.com)
Energy wins, tech loses in decade's sweepstakes (marketwatch.com)
Why Did We Divert So Much Capital into Housing? (business.theatlantic.com)
Wall Street Is 'One Ponzi Scheme After Another' (huffingtonpost.com)
Goldman Trades Shouldn't Get U.S. Aid, Volcker Says (bloomberg.com)
Obama's Big Sellout (rollingstone.com)
Asylum Markets of the post FIRE Economy (itulip.com)
Drug money saved banks in global crisis (guardian.co.uk)
Interest Rates Are Low, but Banks Balk at Refinancing (nytimes.com)
There is no "Free Market" Housing Solution (newgeography.com)
Happiness in retirement not dictated by money (contracostatimes.com)
The 12 Months Of Default Song Christmas Song (blog.youwalkaway.com)
Thank You Nigel W. ($20), Zandra S. ($25), and RG M. ($20) for your kind donations.
More links from the past
Fri Dec 11 2009
fb U.S. Foreclosures to Reach Record 3.9 Million in 2009 (bloomberg.com)
fb California notices of default hit record (financemymoney.com)
fb Notices of default surge 56% in SF Bay Area; press spins rate as "steady" (contracostatimes.com)
fb Millions More At-Risk of Default (mhanson.com)
fb Los Angeles area houses lose $60.8 billion in value through November (latimesblogs.latimes.com)
fb Firm Takes Heat Over East Palo Alto Crime (online.wsj.com)
fb Forecasters See High California Unemployment Through 2012 (consumeraffairs.com)
fb Taxpayers On The Hook For Ginnie Mae's Rampant Growth (Mish)
fb Ginnie Mae's growth gives fuel to risky lenders (washingtonpost.com)
fb Productive Debt versus Unproductive Debt (mises.org)
fb Households and US need to cut more debt (blogs.reuters.com)
fb Tight credit still improving housing prices (iii.co.uk)
fb Morgan Stanley Handing Back 1.2M Square Feet of SF Assets (squarefeetblog.com)
fb Trade deficit, tax credit and fed policies threaten double dip recession (statesmanjournal.com)
fb Investing advice from Mohamed El-Erian (money.cnn.com)
fb The MLS Is Corrupt (patrick.net)
fb House of Subprime Lender Targeted by Violent Robbers (ktla.com)
fb Woman sues debt collector over husband's death (cnn.com)
fb Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week (zerohedge.com)
fb A Few Private Health Insurers Will Soon Take ALL Your Money (robertreich.blogspot.com)
Thank You Charles H. ($25), Ricardo B. ($100), and Jonathan P. ($20) for your kind donations.
Thu Dec 10 2009
fb Volker speaks truth to bankers! (business.timesonline.co.uk)
fb Outlook for 2010: prices have further to fall (money.cnn.com)
fb U.S. Homedebtors Lost $5.9 Trillion Since 2006 Peak (bloomberg.com)
fb Raffle winner sells $1.2 million house for actual value of $650,000 (washingtonpost.com)
fb How to make $11,083 a month for years, tax-free: by NOT buying! (patrick.net)
fb Default, Then Rent And Live Far Better (online.wsj.com)
fb 'A Race to the Bottom': Responsibility for the Financial Crisis (knowledge.wharton.upenn.edu)
fb Misleading Mainstreet: The Keys to the Phony Recovery (dailyreckoning.com)
fb The Bailout Was a Wealth Transfer Scheme (whiskeyandgunpowder.com)
fb CA public pension real estate investments down 49% in year (lansner.freedomblogging.com)
fb Attorney involved in banking mess found shot to death (latimesblogs.latimes.com)
fb China executes corrupt securities trader (msnbc.msn.com)
fb "Spend our way out": A desperate thing to say (theautomaticearth.blogspot.com)
fb On equity "cushions" and negative equity (themessthatgreenspanmade.blogspot.com)
fb Bernanke Told to Fess Up, Renounce Flawed Greenspan Doctrine (bloomberg.com)
fb How underwater is California? (doctorhousingbubble.com)
fb Decline in house values continues despite spin (sfgate.com)
fb Housing crash making Americans more connected to their communities (washingtonpost.com)
fb Health Insurers Caught Paying Facebook Gamers To Oppose Reform Bill (businessinsider.com)
Thank You John D. ($20) for your kind donation.
Wed Dec 9 2009
fb Bankers Acting Like US Is A Banana Republic (old but great - theatlantic.com)
fb Banks Propose To Legalize Fraud In Accounting (nytimes.com)
fb Politics And Bank Regulation Don't Mix (blogs.reuters.com)
fb Solution Is Lower House Prices, But Bankers Strangle Government (market-ticker.denninger.net)
fb A lonely voice against the Fed now leads a chorus (washingtonpost.com)
fb Blame Bernanke (guardian.co.uk)
fb Bernanke Low Rates Poison to U.S. Economy, Xie Says (bloomberg.com)
fb Email Exchange With Cleveland Fed On Inflation Expectations (Mish)
fb Congressmen To Call For Break-Up Of Biggest Banks (huffingtonpost.com)
fb No Escape From TARP for Banks Choking on Real Estate Loans (bloomberg.com)
fb Commercial-property blues: Lenders' dilemma (economist.com)
fb Lending Squeeze Drags On (online.wsj.com)
fb Unemployment numbers don't tell the real jobs crisis story (ebn.benefitnews.com)
fb Invisible Promise Of Lower House Prices: Mortgages (finance.yahoo.com)
fb The Next Hot Neighborhood: Rural America (online.wsj.com)
fb The Real Reason Mortgage Modifications Fail (seekingalpha.com)
fb Good Colorado deals on heels of bad times (denverpost.com)
fb SEC sues 3 former officers of Irvine subprime lender New Century Financial (latimes.com)
fb Business Plot (en.wikipedia.org)
Tue Dec 8 2009
fb Housing Market's Still In Trouble (noozhawk.com)
Homeowner bailout plan may not stop US housing market crash (timesonline.co.uk)
Houseowners are getting hit a second time (silive.com)
How Has Reform Affected Bankruptcy During Recession? (miller-mccune.com)
Loan Defaults Could Top 5% in 2010 (globest.com)
Foreclosures Can Offer Deals, but Buyer Beware (nytimes.com)
Here's how foreclosure sales really work (heraldnet.com)
Who Holds the Elusive Option ARMs? (financemymoney.com)
Could a more affordable life, away from Bay Area, be better? (sfgate.com)
Non Performing Loans: Lessons from Japan (seekingalpha.com)
Fed's Unemployment Projections From Mars (Mish)
Banks Take Losses on Short Sales as Foreclosures Soar (bloomberg.com)
Wall Street's losses were businessman's gain (miamiherald.com)
SEC charges ex-N.Century execs in subprime case (news.yahoo.com)
Detroit-Area Real Estate Ponzi Scheme (dsnews.com)
Shaving real estate commissions can save sellers thousands (latimes.com)
Commercial Real Estate at the end of 2009 (axisoflogic.com)
How Markets Fail: the Logic of Economic Calamities (telegraph.co.uk)
Pricewaterhouse Coopers report on housing (PDF - patrick.net)
Health reform from surgeon's point of view (starnewsonline.com)
Thank You James A. ($25) for your kind donation.
Mon Dec 7 2009
Don't Buy a House Yet (realestate.yahoo.com)
Foreclosures: Filings up 50 percent in Fort Morgan, CO (fortmorgantimes.com)
Uptick In Suburban Chicago Foreclosure Filings (journal-topics.com)
Walking away makes sense (sfgate.com)
Banks Take Losses on Short Sales as Foreclosures Soar (bloomberg.com)
Quarter of borrowers in anti-foreclosure plan are behind (washingtonpost.com)
Nothing Down Flamed the California Real Estate Bonfire (doctorhousingbubble.com)
FDIC Fire Sale! 11 Houses For Under $10,000 (huffingtonpost.com)
Why Treasury Needs a Plan B for Mortgages (nytimes.com)
Foreclosure still looms for Grand Wailea resort in Maui (mauinews.com)
If You Thought the Housing Meltdown Was Bad (escapefromamerica.com)
Geithner: "none ... would have survived" (blogs.reuters.com)
Worrisome Thoughts on the Way to the Jobs Summit (robertreich.blogspot.com)
Bernanke: What Makes You Think the Recovery Is Sustainable? (seekingalpha.com)
Gold is a Double-Edged Sword (theautomaticearth.blogspot.com)
Why Didn't Canada's Housing Market Go Bust? (clevelandfed.org)
Canada has no mortgage interest deduction (theglobeandmail.com)
Americans are Addicted to Nonsense (truthdig.com)
And for another $100... (zillow.com)
Fri Dec 4 2009
San Francisco landlord's rise and fall (sanfranmag.com)
Encinitas Monster House and Extreme House (theleucadiablog.com)
The Real Cost Of California Houseownership (doctorhousingbubble.com)
Vegas vacant land prices tumble 50% (lvrj.com)
Mind paying your neighbor's mortgage for him? (theautomaticearth.blogspot.com)
How to Prevent Another Housing Crisis (examiner.com)
Builder Toll Net Loss Widens as Revenue Falls More Than Costs (bloomberg.com)
Bair Weighs Loan Principal Cuts to Fight Foreclosure (bloomberg.com)
America Without a Middle Class (huffingtonpost.com)
Multi-Generational Housing (newgeography.com)
Bailout Balance Sheet December 2009 (propublica.org)
Senator to Bernanke "Your Fed has become the Creature From Jeckyll Island" (Mish)
What I'd like Bernanke to explain at his hearing (nypost.com)
'Obama's Big Sellout': White House Caving To Wall Street (huffingtonpost.com)
White House CEO list (politico.com)
What the FHA's New Criteria Mean for Housing (usnews.com)
How I stuck it to the credit card companies (patrick.net)
The unemployment animation, updated (cohort11.americanobserver.net)
Thu Dec 3 2009
U.S. housing market meltdown not over yet (reuters.com)
Silicon Valley: Abandoned (businessinsider.com)
House prices still slipping in San Luis Obispo County (sanluisobispo.com)
West Maui Land Co. selling off lots; prices dropping (mauinews.com)
Nearly 70 percent of LV houseowners underwater on mortgage (lasvegassun.com)
Recession Creates a Captive Audience of Taxpayers (economix.blogs.nytimes.com)
24 States Borrow Money To Pay Unemployment Benefits (Mish)
House buyers may have to lay out more cash for FHA mortgages (latimes.com)
Is "Helping Houseowners" Washingtonspeak for Bailing Out Banks? (ourfuture.org)
Corporatocracy: Power for bankers, debt slavery for the rest of us (financemymoney.com)
Junk mortgage story just gets worse (money.cnn.com)
The recurring gold "bubble" (themessthatgreenspanmade.blogspot.com)
Australia's Stevens to Keep Leading World in Increasing Rates (bloomberg.com)
Sheikh attacks investors for global fallout of Dubai debt (independent.co.uk)
Dubai debt woes may hit U.S. property market (reuters.com)
Star of Real Estate Boom Is Confronting Hard Times (nytimes.com)
Financial woes seen limiting U.S. economic rebound (reuters.com)
How Free-Market Delusions Destroyed the Economy (informationclearinghouse.info)
Former 'Monster House' owner jailed after strange court hearing (nctimes.com)
Wed Dec 2 2009
Las Vegas House Prices Fall 34% on Foreclosure Sales (bloomberg.com)
Foreclosures again rising in El Paso County, CO (newsfirst5.com)
CNET Founder facing million-dollar foreclosure (readthehook.com)
Abandoned Brooklyn: Property Developers Pull The Plug (businessinsider.com)
In FL mortgage fraud hot spot, agency sets example (heraldtribune.com)
Another 'Extreme Makeover' Family Facing Foreclosure Through Own Choices (tv.yahoo.com)
American House-Owning Dream On Life Support (huffingtonpost.com)
As housing falls, so falls the economy (marketwatch.com)
The Jobs Imperative (nytimes.com)
Systemic Risk and Fannie Mae (online.wsj.com)
Bernanke "Marching Ignorantly Forward" (Mish)
English central banker calls for 'bubble tax' on houses (telegraph.co.uk)
Australia Increases Benchmark Interest Rate to 3.75% (bloomberg.com)
Big bank accounting yet worse than Enron's? (commondreams.org)
Rothstein Charged, Held Without Bail In Ponzi Scheme (msnbc.msn.com)
US commercial property loan defaults soar (reuters.com)
Dubai events hint at more pockets of financial rot (atimes.com)
In Wake of Dubai, Trying to Predict the Next Crisis (nytimes.com)
Tue Dec 1 2009
Latest Housing Numbers Are Quite Misleading (seekingalpha.com)
Mortgage guarantees benefit hedge funds at taxpayer cost (concordmonitor.com)
Mortgage Fraud Threatens Housing (washingtonindependent.com)
The housing speculators return (blogs.reuters.com)
Advice if you're trying to swoop in on a foreclosure deal (heraldnet.com)
One man's time with the real estate flippers (heraldtribune.com)
Why money launderers might want your house (marketwatch.com)
My house isn't selling - What should I do? (hometownannapolis.com)
Readers weigh in on walking away from a mortgage (azstarnet.com)
Housing Weighs on the Economy (nytimes.com)
U.S. economy on long transition to recovery (news.xinhuanet.com)
The Housing Crisis And Wall Street Shame Or Lack Thereof (huffingtonpost.com)
Soros: Major Bloodletting Ahead (moneynews.newsmax.com)
The Next Bubble to Burst: Commercial Real Estate (gather.com)
Brazil stocks drop as Dubai fears mount (reuters.com)
Will Dubai's Financial Problems Spread Around the Globe? (time.com)
Morgan Stanley fears England sovereign debt crisis in 2010 (telegraph.co.uk)
Oversight of failed banks criticized (boston.com)
Holiday Shoppers Shun Credit Cards Use Cash (Mish)
Houses sitting on the market longer (nytimes.com)
Thank You pkown ($100, technically) for your kind donation.
Mon Nov 30 2009
Walk away from that underwater mortgage, lawyer says (sfgate.com)
Falling rents aid foreclosees (latimes.com)
Case-Shiller Still Predicts Massive 45% Fall To Come (blog.ml-implode.com)
September's weak gain in house prices ominous (latimes.com)
Fannie Mae to Tighten Lending Standards (cnbc.com)
Government Responds to Economic Woes by Making More Bad Mortgage Loans (independent.org)
Federal Housing Administration Encourages More Bad Mortgage Loans (dailyreckoning.com.au)
Housing Bubbles: Why are Americans Ignoring Reality? (newgeography.com)
Wells Fargo Chief Economist: "No clear, easy way out for housing" (Mish)
78% of Option ARMs not yet recast; Most are in CA (doctorhousingbubble.com)
Option Arms: A poison pill for housing (money.cnn.com)
Banks forced to buy back more bad mortgages (mortgage.freedomblogging.com)
Judge blasts bad bank, erases $525K debt (nypost.com)
FDIC too broke to Takeover Banks? (financemymoney.com)
Views from Dubai: 'The end of the dream' (news.bbc.co.uk)
The "Real" unemployment rate in the US is now 22% (layofflist.org)
Fire-sales trigger dramatic slump in NZ seaside values (nzherald.co.nz)
The card game: debt and consumers (pbs.org)
Why Bank Of America Fired Me (youtube.com)
Federal Reserve tries theater ads to burnish its image (latimes.com)
Wed Nov 25 2009
Housing Bottom "Not Even Close" (finance.yahoo.com)
Distressed houseowners ponder whether to stay or go (finance.yahoo.com)
Nearly 1 in 4 Borrowers Is Underwater (Mish)
Nearly half of Tampa Bay houseowners underwater (tampabay.com)
Housing threat looms in South Orange County (mortgage.freedomblogging.com)
House Sales Poised to Dip After Tax-Credit Rush (news.yahoo.com)
House Prices Nearing a New Dip Based On Fundamentals (nytimes.com)
It's beginning to look a lot like a 'W' (marketwatch.com)
Just in Time for Holidays: Another Dire Economic Forecast (cnbc.com)
Third-Quarter GDP Number Revised Down (huffingtonpost.com)
Debt turning shoppers into Scrooges (news.yahoo.com)
Battered consumers play new card: Paying down debt (mcclatchydc.com)
FDIC fund falls into red (news.yahoo.com)
Lending Declines as Bank Jitters Persist (online.wsj.com)
Bonds, herds and game theory (theautomaticearth.blogspot.com)
Plundering California (city-journal.org)
Another California crisis: Unemployment fund facing $7.4B deficit (contracostatimes.com)
Realtors dead last on list of occupation by prestige (harrisinteractive.com)
Blame the Federal Reserve (youtube.com)
Tue Nov 24 2009
More foreclosures on the way for 2010 (boston.com)
Vegas real estate stagnation likely to persist 18 months (lvrj.com)
More US house "owners" at risk of losing property they did not pay for anyway (guardian.co.uk)
House Sales May Be Up, But Housing Isnt Back (minyanville.com)
You're underwater on your house. Now what? (nctimes.com)
Most and least affordable cities to buy a house (money.cnn.com)
Show Me Economic Expansion, Chairman Bernanke (seekingalpha.com)
Bills Yielding Zero as Stocks Soar Make 1938 Moment (bloomberg.com)
Hussman Accuses the Fed and Treasury of "Unconstitutional Abuse of Power" (Mish)
Wave of Debt Payments Facing US Government (cnbc.com)
Pay Extra Close Attention to the Dollar (seekingalpha.com)
The Critical Unraveling of U.S. Society (pubrecord.org)
Real estate bust opens doors for parties at vacant houses (usatoday.com)
Property market in Afghanistan capital bucks trend (news.bbc.co.uk)
Mon Nov 23 2009
House Prices Still Have A Ways To Fall (finance.yahoo.com)
U.S. Housing Recovery Delayed "to 2010" (as if!) (bloomberg.com)
U.S. Housing: More Houses in Delinquency than for Sale (seekingalpha.com)
Maybe more need to walk away, prof says (azstarnet.com)
Glut of FL foreclosures expected to swell (bradenton.com)
Mass. foreclosures continue to rise (enterprisenews.com)
Foreclosures Continue Rising For Fixed-Rate Houses (cbs4.com)
Foreclosure, Delinquency Rate Soars (courant.com)
U.S. Mortgage Delinquencies Reach a Record High (nytimes.com)
Defective Paperwork Strips Mortgage Holder of Foreclosure Rights (law.com)
Illegal bidding at foreclosure auctions (azcentral.com)
California unemployment rate hits 12.5 percent (sfgate.com)
Weaker Data and the "Nascent Recovery" (Mish)
Housing "Recovery" Built on Sand (online.barrons.com)
Housing market still overvalued, whichever measure you use (bloomberg.com)
Hope for Double Dip in Housing (online.wsj.com)
Goldman's CEO sort-of apologizes for destroying US economy (kansascity.com)
Ohio Sues Credit Rating Firms Moody, S&P, Fitch (nytimes.com)
Easy FHA Loans in Expensive Areas (nytimes.com)
Pain increasing at the VERY high end (finance.yahoo.com)
Thank You Terry M. ($20) for your kind donation.
Fri Nov 20 2009
Honolulu house list prices drop (starbulletin.com)
SoCal rent costs fall, 1st dip in 14 years (lansner.freedomblogging.com)
Colorado foreclosures hit record in third quarter (aspentimes.com)
Ohio Borrowers Behind in Mortgage Payments (wcpn.org)
N.J. troubled mortgages grow to 14.5% (northjersey.com)
Despite Government Aid, Foreclosure Crisis is Not Improving (cnbc.com)
Prime Borrowers Are Latest "Victims" Of Their Own Borrowing (huffingtonpost.com)
Mortgage delinquencies hit record high (msnbc.msn.com)
One in 7 U.S. mortgages foreclosing or delinquent (reuters.com)
MBA Forecasts Foreclosures to Peak in 2011 (calculatedriskblog.com)
Walking Away from Mortgage More Common Among Twenty-Somethings (blogs.wsj.com)
Foreclosure, delinquency rates spike amid growing unemployment (washingtonpost.com)
Housing Starts "Green Shoots" Wither On Vine (Mish)
Banks start foreclosure on 2,100 mortgages (mortgage.freedomblogging.com)
The Great Disconnect Between Stocks and Jobs (robertreich.blogspot.com)
The jobless rate-interest rate conundrum (themessthatgreenspanmade.blogspot.com)
Risk versus the US dollar (theautomaticearth.blogspot.com)
FHA-Backed Lending Is a Train Wreck (bloomberg.com)
Online government auctions deceive newbie foreclosure buyers (heraldtribune.com)
How to prepare for 'global collapse' (telegraph.co.uk)
Thu Nov 19 2009
Mortgage delinquencies hit another record in 3Q (apnews.myway.com)
Mortgage Delinquencies Still Rising (benzinga.com)
Government Favors Obedient Debt-slaves Over Defiant Renters (blogs.wsj.com)
How the tax code encourages debt (newyorker.com)
Cheaper Prices Motivating House Buyers, Not Tax Gift (usnews.com)
Real Estate, On the Wane, Fights to Stay Politically Relevant (opensecrets.org)
House construction at lowest level in 6 months (money.cnn.com)
U.S. mortgage applications drop even as rates fall (reuters.com)
Fed May Not Increase Rates Until 2012 (bloomberg.com)
Fed Busting (opinionator.blogs.nytimes.com)
The Fed is sending gold higher (blogs.reuters.com)
Paulson Protege Pellegrini on Bernanke's Fed: "Sheer Lunacy" (businessweek.com)
FDIC's Bair: Bank Bailouts Were 'Not a Good Idea' (pbs.org)
FDIC Real Estate for Sale (fdic.gov)
Fannie's, Freddie's Woes Threaten Apartments (online.wsj.com)
Goldman is "vampire squid wrapped around the face of humanity" (bloomberg.com)
California Pension Reform - Fun Numbers (californiapensionreform.com)
Chinese-American Hybrid Monster (nytimes.com)
$2.8 Million Off, Such A Deal (patrick.net)
Area Man Passionate Defender Of What He Imagines Constitution To Be (theonion.com)
Wed Nov 18 2009
Mortgage delinquencies hit another record in 3Q (finance.yahoo.com)
S.F. house value drop, jobless drain city budget (sfgate.com)
South Orange County cities see distressed inventory swell (freedomblogging.com)
Florida faces hard choices as residents flee slump (sun-sentinel.com)
5 myths about houseownership (washingtonpost.com)
10 Questions on the Volatile Housing Market (online.wsj.com)
15 Biggest Congressional Recipients Of Wall Street Campaign Cash (huffingtonpost.com)
Loan Audits and Qualified Attorneys (iamfacingforeclosure.com)
Silverdome sale price disappoints (detnews.com)
FTC Rules Against Michigan Realtors' Group (dsnews.com)
America's Newest Land Baron: FDIC (online.wsj.com)
Fed Officials Wondering: Should We Ever Raise Rates to Burst a Bubble? (blogs.wsj.com)
Fed Proposes Hiding Investors From Debtors (nytimes.com)
Bernanke vs. Meredith Whitney (Mish)
Obama, China, and Wishful Thinking About American Jobs (robertreich.blogspot.com)
"They can make this rally last for years" (theautomaticearth.blogspot.com)
Timothy Geithner Lies About The "Strong Dollar" (moneymorning.com)
A land tax is 200 years overdue (guardian.co.uk)
Uninsured trauma patients are much more likely to die (latimes.com)
Tue Nov 17 2009
My Lender and I Are No Longer Lovers (open.salon.com)
Mid-to-High End Housing Market - A Slower Moving Train Wreck (mhanson.com)
High end custom houses in Aspen down 30 to 40 percent (aspendailynews.com)
Inflated Prices Part Of Mortgage Fraud (indiannewslink.co.nz)
Bay Area foreclosures tracked - The Reporter (thereporter.com)
Vacant house regulations increase (freep.com)
Bankers hold houses, manipulate market (post-gazette.com)
Housing Wasn't a Free Market (watchingmarcitz.com)
Unemployment Projections, Bad At Best - Downloadable Spreadsheet (Mish)
Worst yet to Come: Americans Should Hunker Down for More Job Losses (rgemonitor.com)
What If US Government Defaults? Not All Bad! (thelastgoodidea.blogspot.com)
Wall Street unrepentant after ruining economy (bloomberg.com)
Bernanke Blames Banks For Unemployment, Ignores Fed's Guilt (huffingtonpost.com)
How Government Bailout Created Commercial Real Estate Catastrophe (businessinsider.com)
Elizabeth Warren on the Economy (pbs.org)
China has now become biggest risk to world economy (telegraph.co.uk)
The FHA's nose dive (washingtonpost.com)
Will the FHA Housing Agency Need a Bailout? Duh. (time.com)
Freddie Mac stock is cheap for a reason (usatoday.com)
Mon Nov 16 2009
Irvine condo's price plunges 50% in three years (irvinehomes.freedomblogging.com)
More pain in store for East Bay housing market? (sfgate.com)
Silicon Valley housing: foreclosure sales up, affordability down (mercurynews.com)
Flood of bank-owned foreclosures to hit Bay Area in 6 months (contracostatimes.com)
Filings for house-purchase mortgages sink to nine-year low (marketwatch.com)
Housing Bust Next Chapter: 2010, 2011 Face Big Resets In Alt-A, Option ARM (dailymarkets.com)
Animation of Unemployment In US (cohort11.americanobserver.net)
The new flipping: short sales (heraldtribune.com)
Glass-Steagall repeal: "We Should Not Have Done This" (blog.rebeltraders.net)
The Fed's airheaded bubble orthodoxy (washingtonpost.com)
China Says U.S. Rates Cause Dollar Speculation (bloomberg.com)
US Still Ignoring Oversupply Of Housing (interest.co.nz)
Cash For Craters (billdahl.net)
Good song about the bankers and the bubble (patrick.net)
Obama's "Affordability" Program Set Up By Lobbyists To Fail (associatedcontent.com)
House Builders (You Heard That Right) Get a Tax Gift (nytimes.com)
In House, Many Spoke With One Voice: LOBBYISTS' (nytimes.com)
How to Speak Tea Bag (motherjones.com)
Senate+Teabagger+Lobbyist Health Bill a Windfall for Big Insurance (alternet.org)
Thank You Adrian V. ($40) for your kind donation.
Fri Nov 13 2009
U.S. Foreclosure Filings Surpass 300,000 for 8th Straight Month (bloomberg.com)
2009 house foreclosures hit record in North Texas (star-telegram.com)
Hawaii foreclosure filings remain high (startribune.com)
House prices falling even though short-term data might state otherwise (doctorhousingbubble.com)
Mortgage Debt Harms Children (theage.com.au)
Manhattan Rents Fall 9 Percent Amid Employment Cuts (bloomberg.com)
US House Buying Slips In October. Now What? (dailymarkets.com)
Housing Recovery 'Still In Uncharted Territory' (cnbc.com)
FHA Reserve Ratio Falls to 0.53%, Lowest in History (bloomberg.com)
Monetizing the housing debt (themessthatgreenspanmade.blogspot.com)
Downgrading America, one loan at a time (theautomaticearth.blogspot.com)
Commercial Real Estate Crash Debunks Myth Of Predatory Lending (businessinsider.com)
God's Work and Goldman's Prayer (Mish)
Lobbyists Defeat Congress Again, Change Law To Benefit Wall Street (sott.net)
Making Wall Street Pay (guardian.co.uk)
What Will It Take to Break Our Trance? (informationclearinghouse.info)
CNN Front Page (patrick.net)
Thank You Wallace M. ($25) for your kind donations.
Thu Nov 12 2009
Default On Mortgage, Get Unsolicited Loan Reduction Offer (calculatedriskblog.com)
Portland foreclosure rate more than doubles in year (blog.oregonlive.com)
Orange County foreclosure notices hit record 8,800 (mortgage.freedomblogging.com)
Housing market still faces a big glut (money.cnn.com)
New Rules Let Banks Hide Commercial Loans (Mish)
Commercial Real Estate Crisis Looming for U.S. (bloomberg.com)
10 states face looming budget disasters (news.yahoo.com)
Fannie and Freddie Waste Taxpayer Money (online.wsj.com)
Life on Severance: Comfort, Then Crisis (online.wsj.com)
The Dow priced in gold (blogs.reuters.com)
Roubini believes the stock bubble is about to burst (bloggingstocks.com)
Under Attack, Fed Chief Studies Politics (nytimes.com)
Boom or Bust Leaves Central Bankers With Bum Choices (bloomberg.com)
Why Some Countries Are Stopping Their Stimulus (time.com)
The Lie: Treas Sec Geithner reiterates "strong dollar" bullshit (baltimoresun.com)
The Truth: Dollar Drop Gives U.S. Exporters Gains (bloomberg.com)
How the Nation's Only State-Owned Bank Became Envy of Wall Street (motherjones.com)
World Bank warns unemployment threatens US economy (sfgate.com)
How Laws Are Made (media.mcclatchydc.com)
Wed Nov 11 2009
Click ANYWHERE on the map and you see the address. It's magic! (patrick.net)
Maui house prices drop 4.4% (honoluluadvertiser.com)
Housing market still faces a big glut (money.cnn.com)
House Buyer Tax Credit Impact: Mostly in Our Heads (blogs.wsj.com)
Attack of the House Buyers' Tax Credit (economix.blogs.nytimes.com)
"Affordability" - Housing's Red Herring (mhanson.com)
Job Losses Could Trigger Round 2 of Banking Crisis (finance.yahoo.com)
Petition: Too Big To Fail Is Too Big To Exist (sanders.senate.gov)
FDIC Disowns Geithner Embarrassment (thestreet.com)
FHA's reserve fund hits 7-year low (washingtonpost.com)
I'm doing 'God's work'. Meet Mr Goldman Sachs (timesonline.co.uk)
Rosenberg and Yellen on the State of the Economy (Mish)
Commercial Real Estate Is Next Manageable Shoe to Drop (seekingalpha.com)
Homebuilders Rape Uncle Sam's Largesse (seekingalpha.com)
California budget boss jumps off before train wreck (sacbee.com)
Reduce your California Withholding NOW! (watchingmarcitz.com)
Mansion's missing fixtures add up to felony charges (signonsandiego.com)
Did Christianity Cause the Crash? (theatlantic.com)
'Collapse' and the end of the world as we know it (latimesblogs.latimes.com)
Tue Nov 10 2009
Bay Area Price Change By Zip Code (dqnews.com)
$100K houses dominate FL market (floridatoday.com)
46% of South Florida houseowners are underwater (miamiherald.com)
Three decades of subsidized risk (finance.yahoo.com)
What Is Inflation and How Does One Measure It? (Mish)
Widening gap between gov't data and reality (nytimes.com)
China's Premier Warns Obama to Get America's Deficit to an "Appropriate Size" (finance.yahoo.com)
Gold Rises to Record as Falling Dollar Boosts Investment Demand (bloomberg.com)
Gold Buying Places Rip You Off (lifehacker.com)
Learn to Fish Or You're F'ed (reallyf'edhomeowner.com)
Roubini's Predictions: Economy, Dollar Carry-Trade, Housing (seekingalpha.com)
IMF Says Low U.S. Rates Funding Carry Trade (bloomberg.com)
Deflation is worth hedging against (app.com)
The Bailout Has Transformed Into Bad-mortgage Buying Program (businessinsider.com)
Federal Reserve opposed as big bank savior by odd allies (washingtontimes.com)
Kill All the Bankers? There's an App for That (dvorak.org)
Lobbyists get paid to rape America (omaha.com)
Professor Steve Keen from Australia on Debt and Economy (rocktrueblood.blogspot.com)
My house lost more value than yours! (dilbert.com)
Thank You Dave T. ($25) and Dr. C. ($100) for your kind donations.
Mon Nov 9 2009
Looming foreclosure wave will derail recession recovery in California (centralvalleybusinesstimes.com)
California's best years have passed, voters say (latimes.com)
Santa Cruz borrowers may not benefit from Fannie Mae's Deed for Lease (santacruzsentinel.com)
This Just In... More Borrowers Behind in San Diego (voiceofsandiego.org)
Hawaii real estate continues decline (westhawaiitoday.com)
Even the Rich Are Treating Their Houses Like Piggy Banks (online.wsj.com)
Default notices rising in upper echelon ZIPs (sfgate.com)
The 237 millionaires in Congress: Do they vote in YOUR best interest? (politico.com)
Congress Rescued The Very Rich, Left The Bottom To Fend For Itself (huffingtonpost.com)
Broader Measure of U.S. Unemployment Stands at 17.5% (nytimes.com)
Congress dumps another $24 billion into same perverse incentives (northstarnational.com)
Reinflating the housing bubble makes no sense (except for banksters) (twincities.com)
Why the new $6,500 homebuyer tax credit is wrong (news.yahoo.com)
Ticking Prime Bomb: Fannie Mae (seekingalpha.com)
Fannies Draws From Emergency Treasury Fund Reach $60 Billion (bloomberg.com)
Richmond Fed: GSEs Encourage Mortgage Defaults (seekingalpha.com)
Radical fixes for 'too big to fail' gain support (marketwatch.com)
Senator Proposes Legislation to Break Up Large Firms (but not Fannie Mae?) (bloomberg.com)
Foreclosures crisis caused by investors. And lenders. And politicians. And buyers. (tampabay.com)
CSI Car Care Products; Spray Wax, Detailer, Tire Dressing & more (patrick.net sponsored link)
Fri Nov 6 2009
Get Serious About Selling Your House: Lower The Price (nytimes.com)
L.A.-area agents holding open mansions (latimes.com)
"Wells Fargo Madness" a Reader Reply to Fear and Shame Tactics (Mish)
Personal bankruptcies climb 9% in October (money.cnn.com)
Fannie Mae offers borrowers rental option instead of foreclosure (news.yahoo.com)
Fannie Mae seeks $15 bln to flush down toilet after 3Q loss (finance.yahoo.com)
Ron Paul explains CORPORATISM vs Captialism (dailybail.com)
The 4 Things Needed To Fix Banking In The USA (rocktrueblood.blogspot.com)
Roubini Says Bank Mergers May Create Bigger Monster (bloomberg.com)
Legislation coming to break up big banks? (blogs.reuters.com)
Homedebtor Subsidy Should Expire (examiner.com)
Senate bill to make housing more expensive, using your taxes against you (washingtonpost.com)
Lobbyists Defeat America: Homedebtor Tax Credit Extension (housingwire.com)
Top Bailout Recipients Spent $71 Million Lobbying Since Bailout (huffingtonpost.com)
Bankers Get Flu Shots First, Because They Own The Government (cnbc.com)
Reglar Americans now competing with Mexicans for day-labor jobs (lasvegassun.com)
GMAC posts third-quarter loss on its mortgage loans (cityam.com)
Commercial property market to hit bottom in 2010 (latimes.com)
How the Colt Peacemaker outshone gold (marketwatch.com)
Making Health Care Better (nytimes.com)
Thank You Ken and Elizabeth O. ($25) for your kind donation.
Thu Nov 5 2009
More walk away from mortgages after neighbors do too (usatoday.com)
Shame and Fear Benefit Banks (PDF - online.wsj.com)
High-end House Down 55% On SF Peninsula (patrick.net)
Price Slump to Last to Mid-2010, Pimco Says (bloomberg.com)
Florida class-action suit accuses builder of inflating prices (tampabay.com)
Feds Try To Prop Up House Prices, $729,750 At A Time (cbsnews.com)
This Loan Is Example Of What Went Wrong In America (huffingtonpost.com)
The Recession and the Paradox of Thrift (economix.blogs.nytimes.com)
FHA Digging Out After Loans Sour (online.wsj.com)
Wall Street Banksters Cry "Feed Me or World Will End" (bloomberg.com)
Arrogance, Ignorance Recurring in Economic History (pbs.org)
Australia lifts interest rate to 3.5 percent (google.com)
Fed sees rates near zero for extended period (reuters.com)
The significance of the IMF-RBI gold sales (themessthatgreenspanmade.blogspot.com)
Treasury expects to hit debt limit next month (msnbc.msn.com)
Is Debt-Deflation Just Beginning? (Mish)
History of Banking and Money (long) (wanttoknow.info)
Predicting the Future with Harry S. Truman (dvorak.org)
'Money-Driven Medicine': How we got this mess (sfgate.com)
Thank You Justme ($40) for your kind donation.
Wed Nov 4 2009
Debt-slave Bait Still In Congress (Please Protest Now!)
Housing Needs To Keep Falling (businessinsider.com)
Economist says housing remains in crisis (missourinet.com)
U.S. Houseownership Has Become Financially Dangerous (bloomberg.com)
Foreclosure filings spike in affluent Chicago counties (chicagotribune.com)
October Personal Bankruptcies Highest Since 2005 Law Changes (bloomberg.com)
Housing-bubble states lag in recovery (statesmanjournal.com)
Canada may slash monopolistic real estate fees (yourhome.ca)
Australian house prices surge, may force interest rate hikes (marketwatch.com)
Commercial Real Estate Loans Growing Problem For Banks (investors.com)
Treas. Sec. Geithner "Burned Billions," Shafted Taxpayers (finance.yahoo.com)
At What Point Is A Bank Bailout A Crime? (dailybail.com)
States Are Pondering Fraud Suits Against Banks (dealbook.blogs.nytimes.com)
Has the Government Been Bailing Out Sprawl? (dc.streetsblog.org)
Goldman Eyes Tax Credits Fannie Mae Doesn't Need (nytimes.com)
Goldman left foreign investors holding the subprime bag (mcclatchydc.com)
Keeping America afloat with hot air (haaretz.com)
Dollar "Carry Trade" Creates Global Asset Bubble That Will Burst (sandiegoreader.com)
Health "Insurance": A Criminal Enterprise (huffingtonpost.com)
Tue Nov 3 2009
Debt Slave Bait and Audit the Fed Bill Gutted: What You Can Do (Mish)
The Slow Decline in Healdsburg Real Estate Prices (healdsburgbubble.blogspot.com)
First Time House Buyers and Investors Dominate the Housing Market (benzinga.com)
Resale house inventory lingers (cape-coral-daily-breeze.com)
Unemployment driving up foreclosures (pressofatlanticcity.com)
Possible Credit Dislocation: Be Warned (market-ticker.denninger.net)
The case for deflation (theautomaticearth.blogspot.com)
Goldman takes on new role: taking people's homes (news.yahoo.com)
Wall Street's Naked Swindle (rollingstone.com)
Stiglitz Says U.S. Paying for Failure to Nationalize Banks (bloomberg.com)
U.S. Bank Failures: Nine in One Day (seekingalpha.com)
Failed Banks Graphic (s.wsj.net)
Fed official says banks at risk over property loans (financialpost.com)
Bank cushions are thicker but don't get comfy (blogs.reuters.com)
Federal Agency Loan Exposure Killing House Values in Georgia (seekingalpha.com)
Stocks Ends Streak of Seven Monthly Gains (bloomberg.com)
New Market Bubble Is Brewing (newsweek.com)
Mon Nov 2 2009
Why U.S. Doesn't Need More House-Buyer Perks (smartmoney.com)
Extending house-debtor credit: another clunker? (features.csmonitor.com)
Job losses, lack of available credit hurting housing market (pittsburgh.bizjournals.com)
Foreclosures Hit the Unemployed Middle Class (newsweek.com)
Luxury Houses With Slashed Prices (forbes.com)
Walking Away Makes Sense For Many (Mish)
How Bloomberg Fabricates U.S. Housing Numbers (seekingalpha.com)
Ireland: House prices 25% down from peak (rte.ie)
Wilbur Ross Sees "Huge" Commercial Real Estate Crash (bloomberg.com)
Is Fed Abandoning Bailout Of Commercial Real Estate? (zerohedge.com)
How Goldman secretly bet on U.S. housing crash, and won (mcclatchydc.com)
Wall Street Throws Vast F-you Party At Expense of USA (bloomberg.com)
FDIC's Bair Wants Broad Authority To Ban All Future Bailouts (dailybail.com)
9 more U.S. banks fail; $2.5 billion hit for FDIC (marketwatch.com)
Small banking empire collapses; 9 fail in 1 day (marketwatch.com)
Lenders abandon properties (daytondailynews.com)
Investigating the Mortgage Crisis (thenation.com)
Madoff documents reveal incredulous, unfocused SEC (reuters.com)
Savings Glut, Investment Drought (motherjones.com)
Feral Houses! (sweet-juniper.com)
Thank You George L. ($100) and Saju D. ($40.00) for your kind donations.
Fri Oct 30 2009
New Patrick.net Feature: Comment By Clicking On Map (patrick.net)
Actually, Case-Shiller Shows Housing Crash Has Already Resumed (businessinsider.com)
Are more foreclosures and short sales coming? (mortgage.freedomblogging.com)
SF Real estate leader's name on bad-check warrant (sfgate.com)
Moody's Projects Further House Price Declines (calculatedriskblog.com)
Under Attack, Credit Raters Turn to the First Amendment (huffingtonpost.com)
WSJ Presents Yet More Utter Nonsense from the National Association of Realtors (prospect.org)
'Too Big to Fail' Must End For All, FDIC Chief Says (dealbook.blogs.nytimes.com)
Bubble-wrapping the China shop (blogs.reuters.com)
Echoes of another great crash -- and the lessons we refuse to learn (seattletimes.nwsource.com)
A Halloween beyond your nightmares (theautomaticearth.blogspot.com)
The First-Time House-Buyer Tax Credit Scam (online.wsj.com)
The GDP Mirage (businessweek.com)
We Are in the Mother of All Carry Trades: Roubini (cnbc.com)
Two economists see red flags again for stock market (usatoday.com)
NY's Upper East Side not immune (pbs.org)
Thank You Lily Z. ($25) for your kind donation.
Thu Oct 29 2009
Please oppose the $8,000 debt-slave bait! (patrick.net)
New-House Sales in "Surprise" Decline (businessweek.com)
New house sales take "surprise" tumble (msnbc.msn.com)
Fears of a New Chill in House Sales (nytimes.com)
High Foreclosure Rates Spread into New Metro Areas (cnbc.com)
Honolulu foreclosures rising (starbulletin.com)
Courts Beginning to Side in Favor of Foreclosed Owners (rismedia.com)
Real estate market won't reach 2007 levels again, EVER (mysanantonio.com)
6 loans in 6 years: How one woman lost her house (seattletimes.nwsource.com)
How Reno sale handled by bank on corporate welfare (newsreview.com)
Is a House an Investment? (Mish)
US housing recovery in 'bubble territory' (telegraph.co.uk)
England House Prices May Fall Further (bloomberg.com)
Ron Paul On Wall Street Corruption Of Washington (dailybail.com)
Macroeconomics For Investors (PDF - realclearmarkets.com)
Corporate Censorship Of Internet Proposed In "Internet Freedom Act" (dvorak.org)
Hidden Veto Message from Gov. Schwarzenegger (news.aol.com)
Gun and drugs op on 6,717 safety deposit boxes (dailymail.co.uk)
Accidents Of History Created U.S. Health System (npr.org)
Health insurer profits even when denying coverage (latimes.com)
Wed Oct 28 2009
Why does Gov't want housing to be expensive? (washingtonpost.com)
Housing bottom? Analysts wary (heraldtribune.com)
Goldman Sees False Bottom, Merrill Sees Treat (bloomberg.com)
U.S. House Prices Could Fall Another 10% (seekingalpha.com)
Housing Prices May Fall Further (forbes.com)
US house prices ready for a freefall (theautomaticearth.blogspot.com)
Fed: Mortgages Overwhelmingly Government-Owned Now (bloomberg.com)
Foreclosures Abound; Banks Pretend Otherwise (glendalenewspress.com)
Judge sends couple to prison in $79-million mortgage fraud (tampabay.com)
Consumer Confidence Declines in U.S. (nytimes.com)
U.S. stock market's climb tied to dollar's fall (marketwatch.com)
U.S. Equities Will Drop Painfully, Grantham Says (bloomberg.com)
Pellegrini Says Shorting U.S Debt Attractive Bet (bloomberg.com)
New York Feds Secret Choice to Pay for Swaps Hits Taxpayers (bloomberg.com)
Soros Launches Effort to Battle Free-Market Zeal (newsweek.com)
9 Signs of America in Decline (usnews.com)
Twelve Reasons For A Job Loss Recovery (Mish)
Underemployed compound CA's jobless troubles (sfgate.com)
Senate Passes Blame By Vote Of 91-8 (theonion.com)
Owner not happy with loan re-modification, tortured loan officers (rocktrueblood.blogspot.com)
Tue Oct 27 2009
Existing House Sales: More Activity, Little Achievement (calculatedriskblog.com)
South Florida houseowners walking away from underwater mortgages (palmbeachpost.com)
Detroit house auction flops for urban wasteland (news.yahoo.com)
Real estate woes make it a renter's market in the San Joaquin Valley (modbee.com)
Westminster led Orange County in rent drops (lansner.freedomblogging.com)
Fantasy Housing Numbers a Prelude to the Next U.S. Crash (seekingalpha.com)
Round Trip to Pre-Bubble Prices Underway (Charles Hugh Smith)
How The Citi-Grinch Stole Christmas and Why It's Good (Mish)
Who's the real deadbeat -- you or the credit card company? (sfgate.com)
Why the House Buyer Tax Credit Is a Bad Idea (seekingalpha.com)
Buffett: People who move money around get favored tax rates. You don't. (bloomberg.com)
Banks, Houseowners and the Battle Over 'Too Big to Fail' (washingtonindependent.com)
Beneficiary of Bernard Madoff scheme found dead (guardian.co.uk)
Companies Are Gaming The System To Beat Wall Street Expectations (huffingtonpost.com)
S&P 500 Overvalued by 40%, Set to Fall, Economist Smithers Says (bloomberg.com)
Commercial Real Estate Bust Looms (nbclosangeles.com)
Capmark Financial files for bankruptcy (money.cnn.com)
Medical Costs: Something Has Got To Give (ponderlicious.com)
After Insurance Reform Passes (nytimes.com)
Advertise here for guaranteed results and no risk
Mon Oct 26 2009
Housing prices forecast to fall in 2010 -- and could keep falling for years (dailyfinance.com)
Personal bailouts: droves walking away from mortgages (eyeonmiami.blogspot.com)
Foreclosures slow in CA as banks fear devaluing collateral (features.csmonitor.com)
Tough to Say When Foreclosures Will Crest (pbs.org)
19.6% Unemployment in California (bls.gov)
For "Lucky Few" Who Renegotiate Mortgages, Towering Debt Remains (huffingtonpost.com)
The lucky ones were those who were not selected to buy (patrick.net)
Credit account dispute could stall mortgage application (latimes.com)
Why The Rich Are Renting (forbes.com)
Uncle Sam Adds 5% to Cost of Houses, Goldman Says (blogs.wsj.com)
Housing prices too high yet Gov't hell bent on propping up prices (Mish)
The greatest theft in American history (theautomaticearth.blogspot.com)
Wall Street making billions moving money from Fed to Treasury (blogs.law.harvard.edu)
Soros says taxpayers right to resent bank bonuses (reuters.com)
Who cares if Wall Street 'talent' leaves? (money.cnn.com)
Why Wall Street Reform is Stuck in Reverse (robertreich.blogspot.com)
Why Everyone Is Wrong About Inflation/Deflation (seekingalpha.com)
3 More Black Swans for the U.S. Economy (seekingalpha.com)
We Were Warned (pbs.org)
Thank You Paul C. ($100) for your kind donation.
Fri Oct 23 2009
Is the Housing Market About to Get Even Uglier? (online.wsj.com)
Key West Condo Falls from $294,000 to $77,500 - Still Unsold! (keywestchronicle.blogspot.com)
206,000 Houses on CA MLS but is the Real Inventory 618,000? (financemymoney.com)
US House prices fall 0.3% in August, FHFA says (marketwatch.com)
Santa Clara County apartment rents plunge (mercurynews.com)
Falling Prices Hit Apartments Hard, Put Pressure on Borrowers (nreionline.com)
Apartment Rents Decline in U.S. West as Unemployment Increases (bloomberg.com)
States Report Widespread Job Losses in September (calculatedriskblog.com)
Unemployment in Nevada, Florida Increases to Record (bloomberg.com)
Colorado minimum wage to drop as deflation spreads (news.yahoo.com)
No mortgage payments for a year, and yet never evicted. Why pay? (miller-mccune.com)
Pig farmers learn from banks and demand government-guaranteed profits! (Mish)
Fraud Reported in Program to Create New Debt-slaves (nytimes.com)
Subsidy or Scam? Many Abuse Housing Tax Credit (cnbc.com)
Prices must revert to normal levels supported by rents or wages (themessthatgreenspanmade)
The dollar is not going to crash (dissidentvoice.org)
Oops, subsidized apt complex overcharged tenants millions in rent (nytimes.com)
Thank You Amit T. ($10) for your kind donation.
Thu Oct 22 2009
Boynton Beach, FL condo towers has 395 units, no buyers (palmbeachpost.com)
Survey predicts South Florida house values will decline more (sun-sentinel.com)
The bust hits boomtown that banks built: Charlotte (msnbc.msn.com)
Prijzen van koopwoningen verder gedaald (English: Housing prices still falling in Holland)
Rents fall 7.5% in SF Bay Area in one year (sfgate.com)
Interview with Patrick: "It's a fantastic time to be a renter" (mortgagecalculator.org)
Story Of 21 Year Old With Underwater FHA Loan Is Even Worse (businessinsider.com)
The Green Mile: Starring the FHA (homedebtors.blogspot.com)
Homedebtors' Handout -- Worse Than Cash for Clunkers (barrons.com)
Latest bank fee is for paying off credit card on time every month (usatoday.com)
Walking Away: Those Pesky Deficiency Judgments (eyeonmiami.blogspot.com)
Banks really do prefer foreclosure (articles.moneycentral.msn.com)
Express Your Outrage At Showdown In Chicago (Mish)
Property taxes going up in Chicago and Cook County (newsblogs.chicagotribune.com)
Could a Land Tax Support the Operations of Government? (miller-mccune.com)
Economic "recovery" could be held back by job woes (money.cnn.com)
Recession Will Be 'Full-Blown Depression' (cnbc.com)
Hedge manager Sprott sees trouble when easing ends (marketwatch.com)
Thank You Daniel B. ($20) and Rhea B. ($20) for your kind donations.
Wed Oct 21 2009
Houses: About to get much cheaper (finance.yahoo.com)
The burden of prudent savers: propping up Wall Street (money.cnn.com)
Wall Street 40% Bonus Rise Fuels Buying of $43 Steaks (bloomberg.com)
Why No Welfare Reform for Wall Street? (huffingtonpost.com)
Paulson Met Secretly With Goldman's Board Last Year In Moscow (bloomberg.com)
Foreclosure figures spike in Marin (marinij.com)
Report Shows Increase In San Diego Foreclosures (10news.com)
Sun cutting up to 3,000 jobs as awaits Oracle deal (sfgate.com)
Big insider-trading hedge fund case hits Silicon Valley (sfgate.com)
Distressed condo sales in Miami (dailybusinessreview.com)
U.S. housebuilder confidence ebbs on tax credit fears (reuters.com)
Why the dollar is falling (economist.com)
On the US dollar, Europe Sings a Classic Meatloaf Hit (Mish)
Scammer Pretends To Foreclose, Then Rents Out Houses (9news.com)
Armageddon in Alabama Proves Parable for Local, U.S. Governments (bloomberg.com)
California Bans A Few Neg Am Loans (businessweek.com)
On PBS right now: The Warning (themessthatgreenspanmade.blogspot.com)
The View From Inside a Depression (nytimes.com)
Why Obama Has to do What Letterman Did: Refuse to Pay Hush Money (robertreich.blogspot.com)
Tue Oct 20 2009
20 Year Old Buys House With $183K FHA Loan (Of YOUR Money) And 3.5% Down (businessinsider.com)
Chair of Congressional Oversight Panel: Housing Market Getting Worse (finance.yahoo.com)
Dismal Foreclosure Numbers Could Be the Tip of the Iceberg (usnews.com)
County chief judge "irritated" by foreclosure lawyer delay tactics (blogs.tampabay.com)
Drop in foreclosures scary; banks are giving up (daytondailynews.com)
Ruling could undo thousands of foreclosures (bostonherald.com)
Guide to Looking up Public Records for Foreclosure Fraud (scribd.com)
Reverse Brain Drain From Silicon Valley To India And China (ccortez.com)
Where The Hell Is The Outrage? (Mish)
Columnist Doesnt Get Anger Directed at the Super Rich (dadtalk.typepad.com)
Goldman Sachs' Black Magic, Here's How They Did It (theautomaticearth.blogspot.com)
Goldman/Treasury CEO Paulson "The Hammer" Gets Hit By A Tree (dailybail.com)
Falling dollar a bogus crisis (suntimes.com)
Embrace the dollar's downfall (u.tv)
Fannie, Freddie Tumble, Shares Called Worthless (bloomberg.com)
Einhorn on gold, sovereign risk, and more (blogs.reuters.com)
Wall Street Income And Education (baselinescenario.com)
We're repeating the mistakes of 1930 (investmentnews.com)
Herbert Hoover: 1931 Radio Address to the Nation on Unemployment Relief (presidency.ucsb.edu)
Thank You Thomas S. ($1) for your kind donation.
Mon Oct 19 2009
If foreclosure is imminent, stop making your house payments (tampabay.com)
Keeping up with an avalanche of troubled mortgages (marketwatch.com)
Thousands at San Fran. Cow Palace seeking mortgage help (sfgate.com)
Median price of homes sold in Peoria, AZ drops 27.3% (azcentral.com)
Minnesota Mortgage Crisis Far From Over (builderonline.com)
Foreclosure crisis far from over for South Florida (miamiherald.com)
Detroit real estate: A bargain or a money pit? (money.cnn.com)
Some very ugly foreclosure numbers in Mass. (boston.com)
Buyers Sue Trump as Miamis Condo Prices Plummet (bloomberg.com)
California job losses continue to climb (latimes.com)
Sentiment Index Decreased to 69.4 (bloomberg.com)
Is commercial real estate next to fall? (marketplace.publicradio.org)
Treas. Sec. Geithner Aides Reaped Millions Working for Banks, Hedge Funds (bloomberg.com)
The FHA Is A Looming Disaster (businessinsider.com)
If they're too big to fail, they're too big (ourfuture.org)
Sliding dollar may be something to cheer about (latimes.com)
An Analogy of the First Time Homedebtor Credit (homedebtors.blogspot.com)
Don't Think, Just Shop (dailybail.com)
Declaring War On Health Insurance Companies After Their Anti-Reform Attack (dvorak.org)
Fri Oct 16 2009
Foreclosures: 'Worst three months of all time' (money.cnn.com)
U.S. Foreclosure Filings Jump 23% to Record in Third Quarter (bloomberg.com)
Foreclosures Hit All-Time High (businessinsider.com)
SF Bay Area houses still taking a hit (contracostatimes.com)
Foreclosures rise 5% from summer to fall in LA (latimes.com)
Riverside and San Bernardino Shadow inventory (housing-kaboom.blogspot.com)
Foreclosures leap in Sarasota County, FL (heraldtribune.com)
S. Fla. foreclosures surge (miamiherald.com)
Hawaii foreclosure filings up 63% compared with September '08 (honoluluadvertiser.com)
Maui leads in foreclosures (starbulletin.com)
US housing: Sustainable bottom or dead cat bounce? (morningstar.co.uk)
Housing could take double dip down in 2010 (marketwatch.com)
Renting Beats House-Buying Remorse After Meltdown (bloomberg.com)
What's Wrong With Being A Renter? (cato-at-liberty.org)
Dow Breaks 10,000: Don't Get Caught Up (finance.yahoo.com)
Letting Goldman roll the dice (blogs.reuters.com)
JPMorgan Pitches Lending To The Dead To Boost Obama Plan (bloomberg.com)
No, You're Reading That Right: 79.9% rate targets credit-challenged (nbcsandiego.com)
Ask 'But Why?': Sir James Goldsmith interview 11-15-1994 (askbutwhy.com)
Thank You Ilya R. ($100) and anonymous in WI ($20) for your kind donations.
Thu Oct 15 2009
For many U.S. wealthy, housing crisis still a squeeze U.S. (reuters.com)
"Luxury" Key West Condo Drops $716,000 to $479,000 (keywestchronicle.blogspot.com)
$25M mansion now up for a paltry $6M (chicagobreakingnews.com)
Silicon Valley Foreclosure notices up but foreclosure sales down (mercurynews.com)
Detroit's Mortgage Mod Plan: We'll Just Burn Down Our Houses (businessinsider.com)
Foreclosure Prices Don't Lower Property Tax In FL (miamiherald.com)
Suburban Foreclosure Wave Threatens Economic "Recovery" (wbur.org)
Shiller: This Is No Housing Boom (moneynews.newsmax.com)
Don't Reinflate the Old Bubbles (washingtonpost.com)
Leading indicators and the shape of the recovery (krugman.blogs.nytimes.com)
California's Sensible Mortgage Restraints (business.theatlantic.com)
Banks/government cannot keep bad assets with no ill effects much longer (theautomaticearth.blogspot.com)
Developers Enforce Contracts With Remoseful Buyers (dailybusinessreview.com)
Finance's Five Fatal Flaws (huffingtonpost.com)
By Popular Demand: Repost of Marcy Kaptur and Simon Johnson (pbs.org)
The U.S. Senate Has No Center Any More (miller-mccune.com)
GOP Claims Olympia Snowe Was Born in Kenya (borowitzreport.com)
Insurance Lobbyists Are On The Attack (realclearpolitics.com)
Harry Reid: Include the Public Option (pol.moveon.org)
Wed Oct 14 2009
Southern California House Prices Fall on Foreclosures (bloomberg.com)
Cluster of buyers spike foreclosures of million-dollar mansions in FL (palmbeachpost.com)
More tax credit cheese to be placed in new-buyer mousetrap (marketwatch.com)
Contemplating yet more "aid" to make housing more expensive (heraldtribune.com)
FHA Facing "Cataclysmic" Default Rates (finance.yahoo.com)
TARP deadbeats go unnoticed (blogs.reuters.com)
Commercial-Mortgage Defaults Jump Sevenfold (bloomberg.com)
Housing Fall Rate Slows But Has Not Bottomed Tilson Says (finance.yahoo.com)
Investor saw trouble in subprime (washingtontimes.com)
Dollar loses reserve status to yen & euro (nypost.com)
Thoughts on the Economy: Problems and Solutions (Mish)
The Great Recession is over! Phew! (eyeonmiami.blogspot.com)
Great Recession Will Maintain Grip for a Generation (seekingalpha.com)
No Recession In Chinese Billionaires (blogs.wsj.com)
Run on DSB bank makes Dutch central bank take control (nrc.nl)
How Private Health Insurers Proved Need For Public Option (robertreich.blogspot.com)
Ex-insider: Insurance industry report is bogus (amfix.blogs.cnn.com)
Tue Oct 13 2009
Foreclosures Grow in Housing Market's Top Tiers (online.wsj.com)
A Case Study of Distress California Housing: Sacramento County (financemymoney.com)
CA renters enjoy biggest U.S. rent cuts (lansner.freedomblogging.com)
Rising U.S. Vacancies: Real Estate Is Headed Down (seekingalpha.com)
Tenants and Foreclosure: New Legislation Signed (tenantsforeclosure.blogspot.com)
Why Higher Asking Prices are a Bad Sign (reallyf'dedhomeowner.com)
All that has been achieved is to put off real pain until later on (reuters.com)
Low Earners Have More Mortgage Trouble (s.wsj.net)
Stiglitz Says Banks Should Be Banned From CDS Trading (bloomberg.com)
Who Needs Big Banks? (baselinescenario.com)
If nobody acknowledges defaulted debt, does it exist? (Mish)
Writedowns on Mortgage Servicing Make Even JPMorgan Vulnerable (bloomberg.com)
Ailing Commercial Mortgage Securities Deepen Commercial RE Woes (industry.bnet.com)
Credit Vise Tightens for Small Businesses (nytimes.com)
Businesses follow real estate from boom to bust (oregonlive.com)
Go to Middle America, Young Men & Women! (newgeography.com)
Obama Sides with Republicans on "Patriot" Act Renewal Bill (eff.org)
Confronting Drug Company Deception (commonwealthclub.org)
Medicare for All! (tools.advomatic.com)
Mon Oct 12 2009
Owners No More (nytimes.com)
Debt: From American dream to American nightmare (oregonlive.com)
Maui Condo Prices Drop (honoluluadvertiser.com)
Property transfers lock in lower tax assessments in CA (pe.com)
Some CA state retirees rake in pensions and paychecks (latimes.com)
One year after market crash, Silicon Valley residents still hurting (contracostatimes.com)
Walnut Creek, CA realtor convicted of enslaving nanny (sfgate.com)
Arizona Rents Falling (azcentral.com)
North Texas condo markets are in big trouble (star-telegram.com)
Graying Brentwood, TN has glut of big houses (tennessean.com)
Job competition toughest since recession began (sfgate.com)
The FHA, VA, USDA Foreclosure Time Bomb (homedebtors.blogspot.com)
Rich Uncle Pays Your Mortgage (mises.org)
"Sell" for Research Renegades Becomes Business Off Wall Street (bloomberg.com)
Poor investments dig a hole residents and can't climb out of (starnewsonline.com)
US corruption system is based on lobbyist access (huffingtonpost.com)
Mistakes in policy did not just happen. The banks lobbied for them! (buffalonews.com)
Photo Of Buyers Following Realtor Advice (photobucket.com)
Paid Lobbyists Protect Price Gougers, Fight Plans to Cut Medical Costs (nytimes.com)
Thank You Ezinne U. ($20) and Ryan C. ($20) for your kind donations.
Fri Oct 9 2009
House Sellers in U.S. Cut Prices by $28.4 Billion (bloomberg.com)
Foreclosures mark pace of enduring U.S. housing crisis (reuters.com)
Go Ahead, Walk Away (thebigmoney.com)
Apartment Vacancy Rate Set to Break Record (usnews.com)
Residential Apartment Glut Hurts Investors (etfdb.com)
Despite Housing Slump, Mortgage Lenders Making Record Profits From Fees (huffingtonpost.com)
Roubini says housing market hasn't bottomed (news.yahoo.com)
Can We Really Trust The Leading Economic Indicators? (Mish)
Fannie And Freddie Scheme To Help Independent Mortgage Lenders Grow (businessinsider.com)
FHA Shortfall Seen at $54 Billion May Lead to Bailout (bloomberg.com)
FHA may be setting up repeat of housing bubble, lawmakers worry (latimes.com)
Commercial Real Estate May Be Next Victim of Recession (pbs.org)
Congressional leaders fight against posting bills online (washingtonexaminer.com)
The Cost of Corporate Communism (huffingtonpost.com)
Realtor and builder lobbies corrupt Congress, raise prices, bankrupt gov't (nytimes.com)
The Mortgage Money Machine (theautomaticearth.blogspot.com)
Income concentration: Top heavy (economist.com)
Housing Overhang/Shadow Inventory = Enormous Problem (PDF - matrix.millersamuel.com)
Latvian Hookers Signal No Recovery for Economy (bloomberg.com)
Thank You Sam K. ($15) for your kind donation.
Thu Oct 8 2009
Corporate Communism (dailybail.com)
Lobbyists Stew After Being Bounced From Boards (cqpolitics.com)
The rich bail faster on mortgages (articles.moneycentral.msn.com)
'Baby Boomer' credit defaults soar (nzherald.co.nz)
New FHA Rules Make Life Tough For Condo Sellers (squarefeetblog.com)
Treasury Moves to Offer Rewards for Short Sales (dsnews.com)
Affordable housing a boon for social investors; down 50%-70% in Marin (csmonitor.com)
Commercial Losses Loom, Office Rents Fall (blogs.wsj.com)
Hotel defaults, foreclosures rise in California (latimes.com)
Buyers realise houses still out of reach in India too (indiatimes.com)
Competitive Currency Debasement - Rampant Monetary Expansion In China (Mish)
China calls time on dollar hegemony (telegraph.co.uk)
Dollar Hysteria (informationclearinghouse.info)
Gold as Armageddon insurance (blogs.reuters.com)
A killing of cash (theautomaticearth.blogspot.com)
House values improve with higher walkability (sfgate.com)
Sick for Profit (sickforprofit.com)
Five capitalist democracies & how they do health care (pbs.org)
Wed Oct 7 2009
Dollar Falls on Report Gulf States May Stop Using Greenback (bloomberg.com)
The demise of the dollar (independent.co.uk)
Potential end of dollar-based oil deals lifts gold (marketwatch.com)
Why Would Anyone Want To Hold Dollars? (Mish)
Australia raises interest rates (business.timesonline.co.uk)
Layer of credit checks surprises house buyers (sfgate.com)
Dropping Rents Will Drag House Prices Down with Them (finance.yahoo.com)
Apartment vacancy rate hits 23-year high (news.yahoo.com)
Reverse Mortgages May Be Next Subprime (bloomberg.com)
Condo Prices Will Reset Lower (dailybusinessreview.com)
In FL, most foreclosed housing is 'under water' property (mcclatchydc.com)
Squat To Own (miller-mccune.com)
As Economy Crashed, Banks Made A Killing On Overdraft Fees (huffingtonpost.com)
Paralysis in the Debt Markets Is Deepening the Credit Drought (nytimes.com)
Goldman, influence intact, lets one well run dry (reuters.com)
Wall Street Banks Need A Financial Super Regulator (newsweek.com)
Brad Sherman Questions Tim Geithner (dailybail.com)
Don't Blame China (washingtonpost.com)
Floating house could ride New Orleans' floods (sfgate.com)
Tue Oct 6 2009
Apartment prices decline in Las Vegas (lvrj.com)
Too Much Trust, Too Little Worry (dealbook.blogs.nytimes.com)
Get ready for the housing crash part II (lovemoney.com)
Owner's Equivalent Rent Numbers From Twilight Zone (Mish)
Rents drop as Jacksonville apartment vacancies remain high (jacksonville.com)
Why Case-Shiller Is A Bit F'ed (reallyfuckedhomeowner.com)
Recession ending? Employment figures tell a different story (suntimes.com)
Stiglitz Says Stock Markets Irrationally Exuberant (bloomberg.co.jp)
Roubini Sees Stock Declines as Soros Warns on Economy (bloomberg.com)
Stocks versus Certificate of Deposits (financemymoney.com)
Will California become America's first failed state? (guardian.co.uk)
Report on Bailouts Says Treasury Misled Public (nytimes.com)
Program To Exchange Taxper Money For Shit Nearly in Place, U.S. Says (nytimes.com)
Thank You Bao Y. ($15) for your kind donation.
Mon Oct 5 2009
Oh, give me a home without a subsidized loan! (news.yahoo.com)
A Look Ahead To the Great Mortgage Resetting (washingtonpost.com)
Australian realtors face $1m fines for fake bids (theage.com.au)
Property Websites Could Replace Realtors (news.sky.com)
Manhattan Apartment Prices Drop for Second Quarter (bloomberg.com)
Short Sales: A Fraying Lifeline for Houseowners (businessweek.com)
Declining house values squeeze reverse mortgages (sfgate.com)
The Impact of the Declining Houseownership Rate (calculatedriskblog.com)
No One Buying Mansions (latimes.com)
Consumer bankruptcies soar in September (reuters.com)
The Truth About Jobs That No One Wants to Tell You (huffingtonpost.com)
The Truth About The Economy: Faber and Roubini (informationclearinghouse.info)
Ruling Rattles Mortgage Industry (lasvegassun.com)
Wachovia pursuing foreclosure of massive Sunnyvale Town Center (squarefeetblog.com)
Wells Fargo cutting customers' lines of credit (sfgate.com)
Re-regulating U.S. banks a no-brainer (thestar.com)
Iceland exposed: How a whole nation went down the toilet (women.timesonline.co.uk)
Some on-the-ground observations of Japan 1989 to 2009 (patrick.net)
Revealed: millions spent by lobbyists fighting Obama health reforms (guardian.co.uk)
Thank You Dan R. ($20) for your kind donation.
Fri Oct 2 2009
Median house price plunges in pricey Irvine ZIP (irvinehomes.freedomblogging.com)
Brooklyn Prices Falling (therealdeal.com)
Leaving Affordable Mortgage May Become Winning Gambit (bloomberg.com)
Record number of complaints target modification lawyers (dailybusinessreview.com)
U.S. Has Enough Vacant Housing For All Of U.K. plus Israel (paul.kedrosky.com)
Shiller Sees 5 Years of Stagnant House Prices (blogs.wsj.com)
Improvement In Case-Shiller Housing Index - Will It Last? (Mish)
Housebuilding Rebound, Or Boredom in the Burbs? (newgeography.com)
Job losses overshadow recovery signs (msnbc.msn.com)
Recession Rising Like Phoenix With Area Delinquencies Surging (bloomberg.com)
Initiative to shrink California's pensions gains steam (taxdollars.freedomblogging.com)
US secretly tried to make deal with Goldman Sachs in wake of financial crisis (rawstory.com)
Can an Accounting Trick Save FDIC? (time.com)
Banks Have Us Flying Blind on Depth of Losses (bloomberg.com)
Wells Fargo Pocketing Difference When Customers Make ATM Errors? (huffingtonpost.com)
Keynesian stimulus and the Recession (wcvarones.blogspot.com)
Rosenberg: "We are certainly in a deflationary state" (Mish)
Writers Fear U.S. is Self-Segregating (miller-mccune.com)
3BR Cottage Now Includes Nuclear Power Plant (rentedspaces.com)
Thank You Span F. ($40) for your kind donation.
Thu Oct 1 2009
It's not the best of times for housing (newsweek.com)
Houseowners in limbo are real 'hidden' inventory (contracostatimes.com)
Foreclosure Rate Rises 17 Percent (washingtonpost.com)
"Debtors' Revolt" Message Resonates (huffingtonpost.com)
Man who lost house in foreclosure shot by police (hosted.ap.org)
No Way Has Housing Bottomed (finance.yahoo.com)
Mortgage Applications Index Fell 2.8% Last Week (bloomberg.com)
Mortgage Demand Falls Despite Lower Rates (cnbc.com)
Graph of prices for CA condo complex over 15 years (patrick.net)
Krugman and the pied pipers of debt (blogs.reuters.com)
Culprits behind every financial crisis: ignorance and arrogance (economix.blogs.nytimes.com)
BofA, Wells Fargo, JPM, Citigroup FDIC Fees May Top $10 Billion (Mish)
Wells Fargo: Ready to blow? (economist.com)
Calling All Investors Seeking To Lose Money (retailchatr.com)
"Jump You F'rs" Song (dailybail.com)
Building an American Insurance Bazaar (miller-mccune.com)
Public Option Would Be Popular, So Let's Not Do It (lasvegassun.com)
Wed Sep 30 2009
Vacation Timeshares Drop at Record Pace as Americans Cut Back (bloomberg.com)
Just let the housebuyer tax credit die (msnbc.msn.com)
California Housing Still Over Priced (financemymoney.com)
Banks hold record delinquent mortgages (mortgage.freedomblogging.com)
Fannie Mae Serious Delinquency Rate Increases Sharply (calculatedriskblog.com)
Are we getting ready for subprime 2.0? (dnaindia.com)
Japan Keeps Trying To Prop Up Prices (Mish)
Federal Reserve Admits Hiding Gold Swap Arrangements (finance.yahoo.com)
Pimco's Gross Changes Mind, Bets On Deflation Instead (bloomberg.com)
How the Fed Failed to Protect Consumers (cjr.org)
Bailed-Out Banks Still Making Billions Off Risky Bets (huffingtonpost.com)
FDIC Discloses Deposit Insurance Fund Is Now Negative (zerohedge.com)
Progressives and the Budget Deficit (tpmcafe.talkingpointsmemo.com)
World Bank Head Sees Dollar's Role Diminishing (nytimes.com)
Unprecedented U.S. corp. defaults seen for '09 (reuters.com)
Realtor becomes Squatter (trialbyblog.com)
How Foreclosures Get Stripped (youtube.com)
Why The Current Healthcare Bills Fail (huffingtonpost.com)
Tue Sep 29 2009
Not many are buying million-dollar houses in San Luis Obispo County (sanluisobispo.com)
Calif. has nation's highest mortgage burdens (lansner.freedomblogging.com)
U.S. house sales miss expectations (sacramento.bizjournals.com)
Honest appraisals make house sales harder (buffalonews.com)
A New Dictionary of Realtor-Speak (minyanville.com)
Anemic Job Creation During The "Schumpeterian Depression" (Mish)
Chicago Fed Index: Economic activity lower in August (calculatedriskblog.com)
Retail Stores Closing Doors (walletpop.com)
America's backlash against banks (bostonherald.com)
Dollar Deception: How Banks Secretly Create Money (webofdebt.com)
Old MN Court Ruling That Banks Can't Just Create Money (lawlibrary.state.mn.us)
Good video about the Fed, G-20, and Gold (annoying commercial first) (patrick.net)
Return of the Giant Pool of Money (audio - podcast.thisamericanlife.org)
Pledge against Socialism (patrick.net)
Mon Sep 28 2009
Patrick.net Fair Housing Market Proposal (patrick.net)
Reminder that Despite Hopes, Anxiety Bedevils Housing (blogs.wsj.com)
Sagging home prices as the economy tries to recover (patchworknation.csmonitor.com)
Be wary of buying into houseowner association (sfgate.com)
Don't bank on your house as an ATM (latimes.com)
The joys of renting (lovemoney.com)
U.S. Job Seekers Exceed Openings by Record Ratio (nytimes.com)
The MERS Mortgage Machine Backfires (nytimes.com)
The Trouble With MERS (iamfacingforeclosure.com)
This Crisis Just Appetizer for Total Breakdown (cnbc.com)
FDIC Is Broke, Taxpayers at Risk, Bair Muses (bloomberg.com)
Freddie Mac hands out big bonus to new CFO (replacing suicide CFO) (footnoted.org)
Cut the ties to Fannie Mae and Freddie Mac (latimes.com)
Pimco Says Improving Economy to Steepen Yield Curve (bloomberg.com)
'Audit the Federal Reserve' bill gains steam (latimes.com)
Rep. Grayson (Dem.): "Has the Fed Ever Tried to Manipulate the Stock Market?" (dvorak.org)
Ron Paul about his book "End The Fed" (booktv.org)
The Billion Dollar Graphic (informationisbeautiful.net)
Nixon's Plan For Health Reform, In His Own Words From 1974 (kaiserhealthnews.org)
Fri Sep 25 2009
Housing Crash to Resume on 7 Million Foreclosures (bloomberg.com)
The "Shadow" Foreclosure Inventory (business.theatlantic.com)
What's the real reason that banks aren't foreclosing? (housingstorm.com)
Foreclosure-mediation laws not much help (sfgate.com)
A long stagnation ahead for Florida house prices (tampabay.com)
Real Estate "Bargains": High-End Houses, Still Overpriced (marketwatch.com)
Gold Gains in London as Dollar Drop Against Euro Spurs Demand (bloomberg.com)
Existing-House Sales "Unexpectedly" Fall (bloomberg.com)
Manhattan Apartment Rents Drop as Employers Cut Jobs (bloomberg.com)
The Real Estate Drag on GE (businessweek.com)
No sign that bank bailout will expire at year's end (google.com)
Westward Expansion Has Reversed (miller-mccune.com)
Debt Fails As A Cure For Debt (theautomaticearth.blogspot.com)
Stock Rally Is Cooled by House Sales Report (nytimes.com)
Elephant In The Room (Mish)
Become A Fan Of Patrick.net On Facebook (facebook.com)
Thu Sep 24 2009
Shadow Market: The Foreclosure Pain May Drag on for Years (blogs.wsj.com)
Southern California House Sales Broken out in Price Tier Ranges (financemymoney.com)
How Does One Tell If Houses Are Overpriced? (Mish)
Banks may lose exemptions to foreclosure moratorium (mortgage.freedomblogging.com)
BLS Jobs Numbers Contradict BLS Jobs Numbers (seekingalpha.com)
Why is Dow Hitting 10,000 When Consumers Can't Buy And Business Cries "Socialism" (tpmcafe.talkingpointsmemo.com)
A New Bubble is Forming on Wall Street (washingtonpost.com)
Card Defaults Surge in August to 11.49% (bloomberg.com)
How I am beating the crap out of Countrywide (dailykos.com)
Mortgage Electronic Registration Systems Loses Legal Shield (ritholtz.com)
Is economy strong enough to go it alone? (marketwatch.com)
Fed Says "Recovery" But Its Rates Say Something Else (nytimes.com)
Does a Liquidity Trap Pose a Threat? (mises.org)
When Housing Is Priced in Gold (Charles Hugh Smith)
Cap-and-trade will depress house prices (politico.com)
Wed Sep 23 2009
Ohio housing values falling (coshoctontribune.com)
Most mispriced house ever! Listed at $3,299,000, rents for $3,850/mo (patrick.net)
U.S. mortgage delinquencies set record (reuters.com)
Houseownership fell in '08; Asians hit worst (sacbee.com)
Banks Force Houseowners to Keep Paying After Short Sales (businessweek.com)
"Produce The Note" Movement Helps Stall Foreclosures (huffingtonpost.com)
Seller-funded Downpayment Assistance Information Center (ml-implode.com)
The Problem Is Government Guarantee Of Loan Repayment From Fannie And Freddie (bestsyndication.com)
Extending Tax Credit For First-time Homebuyers Is Bad Policy (lasvegassun.com)
When will the Fed start hiking? (Mish)
Why can't we audit the Fed? (theautomaticearth.blogspot.com)
CA's Prop 13 created "severe generational inequity" (media-newswire.com)
FDIC weighs extraordinary steps to shore up fund (finance.yahoo.com)
FDIC May Borrow Funds From Banks (nytimes.com)
A Grand Unified Theory of the Financial Crash (business.theatlantic.com)
Globalization Goes Bankrupt (truthdig.com)
Three Million Unsold Properties In Spain? (emerginvest.com)
Once Slave to Luxury, Japan Catches Thrift Bug (nytimes.com)
Insurance Company Executives Need Our Help! (funnyordie.com)
Thank You Zena T. ($10) for your kind donation.
Tue Sep 22 2009
Gov't Buy vs. Rent Calculator Does Not Accept Falling Prices (blogs.reuters.com)
Housing "Facing a triple whammy" at end of Year (calculatedriskblog.com)
Will Fed decisions from meeting push mortgage rates UP? (examiner.com)
House prices' big role as crisis hit California hard (sfgate.com)
Realtors coping with new rules requiring honest appraisals (hometownannapolis.com)
Landmark decision promises massive relief for homedebtors and trouble for banks (opednews.com)
Housing Risking Relapse Confronts Bernanke Conundrum (bloomberg.com)
Main Street commercial rents suffer biggest fall in 24 years (reuters.com)
Retirements in peril: U.S. system is full of holes (marketwatch.com)
The Future of Global Finance (nytimes.com)
Saying Goodbye to the Borrow and Spend Economy (dailyreckoning.com)
Is Pent-Up Inflation From Fed Printing Waiting On Deck? (Mish)
Alan Grayson grilling Ben Bernanke about $500,000,000,000 in credit (youtube.com)
The Fed Fails To Discipline Banks (nytimes.com)
Interest Rates Without Fed Manipulation (patrick.net)
Reform Banking Or Bust (nytimes.com)
Banks' Overdraft Fees Under Fire in Congress (washingtonpost.com)
What to do with Moody's, S&P and the rating agencies (newyorker.com)
They called him "Mr. Bubble." (yalealumnimagazine.com)
Toilet snake is finally captured (news.bbc.co.uk)
Thank You Mark B. ($10), Haifeng J. ($5), Bradley B. ($75), and In Memory Of Malcolm D. Self ($100) for your kind donations.
Mon Sep 21 2009
California Joblessness Reaches 70-Year High (nytimes.com)
California, Nevada Reach Record Unemployment Levels (bloomberg.com)
California house sales fall 12 percent in August (sfgate.com)
"Option" mortgages to explode, officials warn (news.yahoo.com)
$30 billion CA mortgage time bomb set for 2010 (sfgate.com)
Houseowners who 'strategically default' on loans a growing problem (latimes.com)
CA Realtor can't sell his house, burns it down (tracypress.com)
Houses in FL worth less than 10 years ago (sun-sentinel.com)
Selling at a loss is all too common for FL houseowners (tampabay.com)
House prices won't regain peak in CA, FL until 2030's, if ever (marketwatch.com)
Japan's Residential Land Prices Still Falling, 18 Years Later (nni.nikkei.co.jp)
Henry Blodget vs. Ken Fisher "We Need More Debt" (Mish)
Debt Expansion Policies Still Threaten Recovery (seekingalpha.com)
1 million use new-debtslave credit, evading taxes, keeping house prices unaffordable (bizjournals.com)
FHA's Risky Loans Point to Bailout in Future (bearishnews.com)
USDA (USDA?) Mortgages With No Money Down. Bad Idea. (businessweek.com)
Volcker Sees Long Slog for U.S. Economy, Seeks Bank Limits (bloomberg.com)
Capitalism's Inherent Instability (boston.com)
Bill O'Reilly supports public insurance option. Really. (dvorak.org)
U.S. Government Finds $20 Trillion Buried By Absentminded Reagan In 1987 (theonion.com)
Thank You John W. ($20) for your kind donation.
Fri Sep 18 2009
Realtors Up To Same Old Scams In San Jose (patrick.net)
California Housing Market Inventory (financemymoney.com)
New York Real Estate Market Continues Rapid Decline (nuwireinvestor.com)
Wealthy Owner Can't Sell, Sets Fire (newburyportnews.com)
Recovery? What Recovery? (informationclearinghouse.info)
Unlike Bernanke, Americans believe US is still in recession (money.cnn.com)
Dont Blame Free Markets: We Don't Have Them (seekingalpha.com)
Alternative Headlines for 2009 (themessthatgreenspanmade.blogspot.com)
Never-Go-Bust Families Mean End of Easy Credit in Saudi Arabia (bloomberg.com)
Wall Street skims profits off transactions; nothing will change that (views.washingtonpost.com)
Lehman Post Mortem, Did Bernanke and Paulson Blackmail Congress? (marketoracle.co.uk)
Earnings of banks are going to be impaired for years (us1.institutionalriskanalytics.com)
Ending the banks' off-balance sheet charade (blogs.reuters.com)
Maybe we should just let the banks fail (market-ticker.denninger.net)
Crashiversary - And The Banks Come Out On Top (markfiore.com)
How Corporate PR Works to Kill Healthcare Reform (informationclearinghouse.info)
Stop making sense: Political messaging pro puts finger on why liberals are off-track (sfgate.com)
Thank You Vivian S. ($25) for your kind donation.
Thu Sep 17 2009
Kauai highest in foreclosure rate (starbulletin.com)
Smaller is better in new housing market (cantonrep.com)
Renters rejoice (bendbulletin.com)
Housing Recovery Falters With Waning Govt. Stimulus (cnbc.com)
Fight looms on credit for house buyers (msnbc.msn.com)
Where are the subprime perp walks? (money.cnn.com)
FBI mortgage fraud probes grow to 2,600 cases (reuters.com)
Economist debunks standard investment advice (money.cnn.com)
For all Obama's talk, US has failed to wind in Wall Street (guardian.co.uk)
Corporate Corruption Killing America (informationclearinghouse.info)
Lehman collapse: winners from the financial crisis (telegraph.co.uk)
Is your bank underwater? Check its debt level here (msnbc.msn.com)
Credit Card Defaults Soar To New Highs (Mish)
Economic growth of Bush era was largely an illusion (nytimes.com)
The Recession's Racial Divide (nytimes.com)
Carter Sees Racism in Wilson's Outburst (nytimes.com)
Media Notice Race Elephant in the Room (miller-mccune.com)
About The Glenn Beck Vicious Rumor Link (patrick.net)
Wed Sep 16 2009
Many mortgage modifications push payments .... higher (usatoday.com)
Economic Obsolescence of Large Houses (blogs.usc.edu)
Hard Times In Suburban Wastelands (newgeography.com)
Condo Speculators Unclear Rent vs Buy (wcvarones.blogspot.com)
Ghost Towns May Haunt Ireland in Property Loan Gamble (bloomberg.com)
Wells Fargo fires executive accused of using bank-owned Malibu house (latimes.com)
The Final Demise of A Speculative Housing Bubble (Charles Hugh Smith)
Seven New Rules for the First-Time House Buyer (nytimes.com)
Bernanke says recession 'very likely over' (news.yahoo.com)
Taleb: Recession definitely not over (theglobeandmail.com)
The Continuing Disaster of Wall Street, One Year Later (robertreich.blogspot.com)
'We're going to have zombie capitalism for the next 15-20 years,' says Jim Rogers (bi-me.com)
Investor says bank let him borrow too much (heraldtribune.com)
Break Up The Big Banks (blogs.reuters.com)
Insurers, HMOs spending $700,000 a day to influence lawmakers (huffingtonpost.com)
Pelosi Rewarded By Lobbyists For Backing Off Public Option (openleft.com)
Majority Of Doctors Back Public Option (huffingtonpost.com)
What Is Socialism in 2009? (roomfordebate.blogs.nytimes.com)
Socialist Europe Overtakes North America as World's Wealthiest Region (bloomberg.com)
DC Tea party footage with interviews (youtube.com)
Tue Sep 15 2009
Another Wave of Foreclosures Looms (washingtonpost.com)
The real price of a mortgage: 6.49% (guardian.co.uk)
'False dawn' in UK housing market (news.bbc.co.uk)
Sold The Condo And Now Happily Renting (nytimes.com)
Real Estate's Last Stand In NY Politics (gothamgazette.com)
Ghost Fleets and Protectionism (Mish)
'I Expect a Currency Crisis or Semi-Crisis': Jim Rogers (cnbc.com)
A Year Later, Little Change on Wall St. (nytimes.com)
Obama to push banking overhaul (telegraph.co.uk)
Are Foreign Purchases Of Treasuries Being Faked (washingtonsblog.com)
Why We're Facing Deflation (minyanville.com)
Why We Need Insurance Reform (patrick.net)
GOP collapsing into paranoid fantasy (latimes.com)
Glenn Beck Did Not Murder A Young Girl In 1990 (glennbeckrapedandmurderedayounggirlin1990.com)
Mon Sep 14 2009
History suggests Florida real estate prices haven't yet hit bottom (tampabay.com)
Recession may forge a housing shift in California (courant.com)
"Some didn't know they were getting a loan" (news.bbc.co.uk)
Reluctant Landlords Better Off Selling -- Even at a Loss (blogs.wsj.com)
Median household income fell during Bush years (curiouscapitalist.blogs.time.com)
Decade of No Income Gains (Mish)
Japanese deflation: What does it mean for America and the world today? (seekingalpha.com)
Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman (bloomberg.com)
Brazil's tight bank rules a blessing in disguise (reuters.com)
Wells Fargo exec partied in Malibu house lost by Madoff-duped couple (latimes.com)
Wall Street's Math Wizards Forgot a Few Variables (nytimes.com)
Flaw in Free Markets: Humans (nytimes.com)
Fannie, Freddie struggle a year after takeover (finance.yahoo.com)
Big Corporations Want to Buy Your Congressman (newsweek.com)
If You Think Corporations Run The Government Now... (informationclearinghouse.info)
Teaparty Nazis Stoke Anger To Protect Corporate Profits (edition.cnn.com)
Media Reluctant to Discuss Race as Factor Driving Obama Opposition? (blog.newsweek.com)
McGovern's Health-Care Solution: Medicare for Everyone (washingtonpost.com)
It's Time We Listen to Those Wanting to Shrink Government (dadtalk.typepad.com)
We're Number 37 (youtube.com)
Fri Sep 11 2009
House Prices Could Fall by Another 25% (cnbc.com)
US Foreclosure Filings Top 300,000 for 6th Straight Month (bloomberg.com)
Why the Foreclosure Crisis Won't End (minyanville.com)
As owners leave foreclosed houses, squatters move in (mcclatchydc.com)
Foreclosures remain at near-record pace in CA central valley (centralvalleybusinesstimes.com)
Bay Area foreclosure activity falls 10% (contracostatimes.com)
SF Price reductions across board as high season ends (sfgate.com)
San Francisco renters moving up in down market (sfexaminer.com)
Buyers of Huge Manhattan Complex Face Default Risk (nytimes.com)
Five Questions About Government's Role in the Mortgage Business (seekingalpha.com)
Why Does the Government Hate Renters? (voices.washingtonpost.com)
Banks Profit From TARP, Future Losses Are All Yours (theautomaticearth.blogspot.com)
Get ready for steep rate hikes in 2011 (theprovince.com)
Economy Anecdotes From Around The World (globalpost.com)
Very Clear Explanation Of The Public Option (patrick.net)
Medical Reform: 250 Fun Facts (newobservations.net)
Sick and Wrong (rollingstone.com)
Thu Sep 10 2009
Capitulation in Marin County for Million Dollar Houses? (healdsburgbubble.blogspot.com)
Equities can go to zero. Property can go well below zero. (bloomberg.com)
Subsidized Mortgages: A crime that will forever go unpunished (theautomaticearth)
Effect of Government Takeover of House Mortgage Market (thenewamerican.com)
Gov't Subsidies Setting Up the Next Leg Down in Housing (Charles Hugh Smith)
Housing Recovery Has Long Road, Fannie Mae CEO Says (bloomberg.com)
The deflation fear: What is it really? (seekingalpha.com)
A tale of two inflations (themessthatgreenspanmade.blogspot.com)
Deflation Finally Hitting Food (Mish)
Coffee as a measure of the economy (explorernews.com)
Banks Love The $38.14 Cup Of Coffee Because Of Debit Card Fees (nytimes.com)
Banks take months to market foreclosures (mortgage.freedomblogging.com)
As an Exotic Mortgage Resets, Payments Skyrocket (nytimes.com)
Treasury sees millions more foreclosures (reuters.com)
Foreclosure Sales and House Prices (usnews.com)
The Real News About Jobs and Wages (robertreich.blogspot.com)
Text Of Obama's Insurance Reform Speech (nytimes.com)
Why the public health insurance option matters (krugman.blogs.nytimes.com)
Health Care Policy Under The Nazis (miller-mccune.com)
Thousands Of Abandoned, Foreclosed Houses Threatened By Florida Hurricane (theonion.com)
Tue Sep 8 2009
The Great American "Affordability" Scheme (theautomaticearth.blogspot.com)
They Left Fannie Mae, but We Got the Legal Bills (nytimes.com)
Major US Role in Mortgages Shaping Entire Market (washingtonpost.com)
Backlash against banks growing over mortgage modifications (sacbee.com)
Las Vegas Condo Buyers Lose Big On The Strip (businessweek.com)
Downtown Miami enjoys mini-boom over cut-price condos (miamiherald.com)
Half of Colorados mortgage-broker licenses deactivated (denver.bizjournals.com)
We all want a deal -- that's what's scary (latimes.com)
The wealth effect: Withdrawal symptoms (economist.com)
2 out of 5 working-age Californians jobless (sfgate.com)
Where are the jobs? In Canada (curiouscapitalist.blogs.time.com)
Ill-fated real estate deal costs Florida $266 million (miamiherald.com)
How Did Economists Get It So Wrong? (nytimes.com)
College for $99 a Month (washingtonmonthly.com)
Bill Moyers on Health Care (youtube.com)
California's REAL Death Panels: Insurers Deny 21% of Claims (reuters.com)
People will flock to the government option, because it's so bad? (patrick.net)
Afterbirthers Demand To See Obama's Placenta (theonion.com)
Mon Sep 7 2009
Happy Labor Day! News back tomorrow. For today, try playing with this new toy I made:
Tell Your Secrets (patrick.net)
Fri Sep 4 2009
Housing recovery hinges on foreclosure peak (mortgage.freedomblogging.com)
Story of attempting to buy a foreclosed property (Mish)
Houseowners Become Landlords (marketwatch.com)
Reluctant landlords, then and now (themessthatgreenspanmade.blogspot.com)
Economist: Worst Yet To Come (business.timesonline.co.uk)
Savings vs. borrowing; which leads to real wealth? (mcdowellnews.com)
Rising Taxes Drive Out FL Residents (news.yahoo.com)
IRS to Mine Payment Data on Mortgages (online.wsj.com)
Fannie, Freddie used by the banks to keep people in debt (theautomaticearth.blogspot.com)
Is Houseownership Good for the Kids? Not Necessarily (time.com)
Questioning the Return on Educational Investment (thechoice.blogs.nytimes.com)
Banking System's Credibility in Jeopardy (minyanville.com)
Hong Kong recalls gold reserves from London (marketwatch.com)
How Madoff's Web Ensnared The SEC (nytimes.com)
What Would the US Look Like Without the Federal Reserve? (americanbankingnews.com)
The 19th-Century Bernanke (silverbearcafe.com)
US Consumer Bankruptcies Rose 24% in August (bloomberg.com)
Bankruptcy: The healthcare connection (salon.com)
Conservatives See Need for Serious Health Debate (nytimes.com)
GOPers Decrying "Socialized Medicine" Go To Govt. Hospital For Surgeries (huffingtonpost.com)
Thu Sep 3 2009
Shadow Inventory in Orange County (irvinehousingblog.com)
The Federal Reserve's Madoff "Manuer" Maneuver (greatdepression2006.blogspot.com)
Landlord Sues Sheriff For Delaying Evictions (cbs2chicago.com)
Housings Poverty Effect Fouls Up US Rebound (bloomberg.com)
Unemployment May Hit 16% (cnbc.com)
Cut My Pay, But Please Give Me A Job (Mish)
China's Strategy (theautomaticearth.blogspot.com)
Options windfall likely for bailed-out bankers (msnbc.msn.com)
FHA now backs 23% of mortgages (usatoday.com)
Mortgage Bankers Thirst For More Taxpayer Blood (bloomberg.com)
Mortgage lenders' margins: After you (economist.com)
AFL-CIO, Dems push new 0.1% Wall Street tax (thehill.com)
Corporations Should Have A Death Penalty (citizensadvisory.org)
How To Push Yet More Housing Cost On Taxpayers (trulia.com)
Los Angeles Fire Map (latimes.com)
California's Other Real-Estate Crisis: Internet Servers (thebigmoney.com)
For Commercial Real Estate, Hard Times Have Just Begun (nytimes.com)
Mortgage Rates Search (google.com)
Wed Sep 2 2009
21 years until housing beats its old peak? (lansner.freedomblogging.com)
California houseowners facing insurance rate hikes (latimes.com)
House tax credit will cost $16 billion this year - and make house prices less affordable (blogs.reuters.com)
Pending Sales of Existing Houses in US Rose in July (bloomberg.com)
The housing recovery mirage (money.cnn.com)
Housing Wont Lead US Out of Recession (bloomberg.com)
Goldman Sachs Wrong on Recovery, Hedge Funds Say (bloomberg.com)
Downtown NYC so empty an artist can afford it (metro.us)
Commercial Mortgage Defaults Jump for US Banks (bloomberg.com)
Commercial real estate lurks as next potential mortgage crisis (finance.yahoo.com)
Four More Years of Bailout Ben (huffingtonpost.com)
Floridas Bust Propels Muni Default Spike (bloomberg.com)
Nevada Government Salaries (transparentnevada.com)
Bernie Madoff's beach house, bed, shoes for sale (newsday.com)
Democracy is dead: new "Lobbyist Nation" rules (marketwatch.com)
Nixon was at least independent of lobbyists (nytimes.com)
When you really need your private insurance, 50% chance it will be cancelled (darwinawards.com)
Psychology Of American Fascism (patrick.net)
Could a Viable Third Party Emerge in the US? (Charles Hugh Smith)
Tue Sep 1 2009
Patrick's Property Valuations (patrick.net)
Ideas to cut the federal deficit could cost houseowners billions (latimes.com)
Caught in foreclosure relief scam, a couple loses their house (journalstar.com)
How Much California Inventory? (financialoven.com)
Is Unemployment the Worst Since the Great Depression? (usnews.com)
Online database lists salaries of more than 134,000 workers across Bay Area (contracostatimes.com)
Is house ownership past its sell-by date? (guardian.co.uk)
Lenders, Servicers Fight Anti-Blight and Property Laws (washingtonindependent.com)
Banks Postponing Day of Reckoning, But Not To Help Borrowers (bankinvestmentconsultant.com)
A "Little Judge" Who Rejects Foreclosures, Brooklyn Style (nytimes.com)
It's life on the edge of foreclosure for many in suburbs (orlandosentinel.com)
Rep. Frank eyes Fed audit, emergency lending curbs (reuters.com)
House sales showing faint life only after massive federal rescue (washingtontimes.com)
Incentives between brokers, banks, and borrowers encouraged false mortgage applications (gsb.columbia.edu)
Nudist Property Market Survives U.S. Housing Disaster (bloomberg.com)
Mon Aug 31 2009
House prices not done falling yet (ajc.com)
Sunshine State is shrinking (nytimes.com)
Even higher taxes coming for Californians (latimes.com)
Record 8,000 mortgages face foreclosure in Orange County (mortgage.freedomblogging.com)
Seattle Condo Auction - 20% Discount Not Enough (geldpress.com)
Seattle Condos still too expensive with 65% discounts (seattlepi.nwsource.com)
The Depths of Mortgage Debt (nytimes.com)
Japanese Government reels under economic blows (business.timesonline.co.uk)
Japan's Stock Market Still Not Recovered From 1990 Bubble (chart.finance.yahoo.com)
Barney Frank Says Ron Paul's "Audit The Fed" Bill Will Pass (Mish)
Ron Pauls "End the Fed" Movement Gaining Steam (americanbankingnews.com)
Fed Band-Aids for the Recession (counterpunch.org)
The Fed And The Dollar In Graphical Form (patrick.net)
Government as Wall Street's enabler (ocala.com)
You're screwed! (Old but good) (newsreview.com)
Survival : Chapter One (Charles Hugh Smith)
Liberal failure to help white working class allowed right-wing demagoguery to flourish (ourfuture.org)
Every Other Country Has Universal Health Care - And It Works (patrick.net)
Comparing the Health Care Proposals (nytimes.com)
Fair plus Balanced: OMFG! Its happening!! (fairplusbalanced.blogspot.com)
Fri Aug 28 2009
Loans That Looked Easy Pose Threats to Recovery (nytimes.com)
Housing demand could snag on mortgage insurance (mortgage.freedomblogging.com)
The House of Your Dreams, Nightmares (nytimes.com)
Real US unemployment rate at 16% (rawstory.com)
How to grow your GDP while killing jobs (theautomaticearth.blogspot.com)
What can stop this stock market rally? (themessthatgreenspanmade.blogspot.com)
How Wall Street Fleeced Millions from Wisconsin Schools (alternet.org)
Realtor brags to magazine about unethical practices (lasvegassun.com)
Property taxes out of line with lower values (miamiherald.com)
For FDIC, a long tunnel and little light (blogs.reuters.com)
FDIC's 'problem list' of troubled banks tops 400 (marketwatch.com)
Dollar May Surpass Established Lows, Goldman Says (bloomberg.com)
Government's Money-Manipulating Wizardry (minyanville.com)
Bernankes next tasks will be undoing his first (finance.yahoo.com)
Creative Destruction (Mish)
Bernanke's other banking problem: Identity theft, his identity! (dailyfinance.com)
Dewey Square Group paid to oppose healthcare reform (eyeonmiami.blogspot.com)
Thu Aug 27 2009
Subsidizing Housing Causes Further Pain (financialoven.com)
NYC Apartment Rents Drop 7-10 Percent (Mish)
Calif. assessed values take 1st fall in 76 years (lansner.freedomblogging.com)
California property values fall for the first time in 76 years (latimes.com)
4 Signs Your House Is About to Lose Value (realestate.aol.com)
Californians Lose $1 Billion From Unconstitutional Bond Sales (bloomberg.com)
Home equity credit cuts strike nerve (contracostatimes.com)
A Looming Market Reversal? (minyanville.com)
Adjustable Mortgages Loom as Threat to Housing Recovery (nytimes.com)
How Bernanke failed us (latimesblogs.latimes.com)
A costly one-trick pony (theautomaticearth.blogspot.com)
Geithner: U.S. Fed needs shielding from politics (reuters.com)
Denis Hughes Named Chairman of NY Fed's Board (washingtonpost.com)
Thank You Nigel W. ($20) and M. ($25) for your kind donations.
Wed Aug 26 2009
Bay Area mortgage delinquencies soar (sfgate.com)
California mortgage delinquencies expected to rise through 2009 (latimes.com)
California tax credit expires, house permits sink (reuters.com)
U.S. House Prices Tumble 6.1% on Surging Foreclosures (bloomberg.com)
Huge Plunge In Mortgage Cure Rates Portends Foreclosure Disaster (Mish)
House Price Crash Only 75% Done (businessinsider.com)
Detailed Criticism of the Fed (nolanchart.com)
What is wrong with them is not that they are wrong (theautomaticearth.blogspot.com)
The Next Credit Bubble Is Now (thebigmoney.com)
True Deleveraging Not Begun Yet Because Bank Losses Socialized (washingtonsblog.com)
Houses In Walkable Neighborhoods Are Worth More (triplepundit.com)
Thank You Cashmonger ($6.69) for your kind donation.
Tue Aug 25 2009
Existing House Sales Far Worse Than Advertised (ritholtz.com)
Too Soon to Call a Housing Bottom (huffingtonpost.com)
Kiyosaki: Prepare for the worst (finance.yahoo.com)
The Pareto Principle and the Next Wave Down in Real Estate (Charles Hugh Smith)
Roubini warns of double-dip recession: report U.S. (reuters.com)
Fannie, Freddie shares strangely soar (finance.yahoo.com)
More Proof Commercial Mortgage Defaults Continue to Rise (cutimes.com)
Global Debt Bubble, Causes and Solutions (Mish)
White House Deficit Estimate To $9 Trillion From $7.1 Trillion (247wallst.com)
The Man Who Sells America's I.O.U.'s (nytimes.com)
Analyst Bove sees 150-200 more US bank failures (money.cnn.com)
The Goldman Connection (brucewiseman.net)
Got a complaint against BofA? You're on your own (latimes.com)
Asking You to Buy a Couch, Now That You Can't Sell the Hous (nytimes.com)
Recession spurs a modern-day gold rush (msnbc.msn.com)
What is the Republican health care plan? (healthcareforamericanow.org)
Thank You Carl H. ($50) and Kathy M. ($50) for your kind donations.
Mon Aug 24 2009
What's Really Selling - Only Cheap Houses (cnbc.com)
10 Reasons why there will be no Recovery in 2010 (financialoven.com)
California unemployment rate climbs to 11.9% (news.yahoo.com)
Unemployment in California hits post-World War II high (latimes.com)
Taking a beating in high-end real estate too (azstarnet.com)
FDIC Reserve Funds Nearing Depletion (fourwinds10.com)
Iceland Recovering From Neoliberal Disaster (informationclearinghouse.info)
Irish real estate values to plunge by 50 percent (irishcentral.com)
Mortgage delinquencies break another record (marketwatch.com)
What rebound? Foreclosures rise as jobs and income drop (mcclatchydc.com)
Foreclosures rise, driven by loss of jobs and income (miamiherald.com)
Pornographer With Common Sense On Glass-Steagall (huffingtonpost.com)
Rise of the Super-Rich Hits a Sobering Wall (nytimes.com)
What Comes Next? (minyanville.com)
Is your suburb the next slum? (realestate.msn.com)
A Cul-de-Sac of Lost Dreams, and New Ones (nytimes.com)
Las Vegas: The Casino Town Bets on a Comeback (time.com)
Competition lacking among private health insurers (sfgate.com)
A Little Haggling Might Pay Off at the Hospital (miller-mccune.com)
Sensible Silent Republicans And Health Reform (patrick.net)
Republicans' Obama Paranoia (mcclatchydc.com)
Thank You Anand S. ($15) for your kind donation.
Fri Aug 21 2009
Mortgage Delinquencies Rise as US House Prices Fall (bloomberg.com)
Mortgage defaults rise to record 13% (latimes.com)
Mortgage delinquencies hit record high in Q2 (finance.yahoo.com)
Prime borrowers are the ones to worry about (blogs.reuters.com)
Palo Alto prices fall 20%, but rising tax assessments praised (paloaltoonline.com)
N. California OFHEO House Price Depreciation Tracker (housingbubblebust.com)
Lumber Prices Forecasting Another Housing Downturn (seekingalpha.com)
America's housing market: Where it all began (economist.com)
The Other Side of the Housing Wealth Effect (seekingalpha.com)
Five Reasons Why Negative Equity Could Kill GDP Growth (minyanville.com)
Fed has no magic powers (Mish)
Countrywide Loses Ruling in Loan Suit (nytimes.com)
Sane Republicans Embarassed By Loonies In Their Ranks (independent.co.uk)
Woman Yells "Heil Hitler" to Jew Praising Israel's Health Care System (dvorak.org)
Thu Aug 20 2009
What's Happening in the Housing Market? (business.theatlantic.com)
43 Percent of San Diego Mortgages Underwater (voiceofsandiego.org)
Life goes on after foreclosure (money.cnn.com)
My Bad! Woman's House Mistakenly Auctioned by Bank (nbcmiami.com)
In Appraisal Shift, Lenders Gain Power and Critics (nytimes.com)
Scholes, Merton Say Banks Should Value Assets Truthfully (bloomberg.com)
Emails from a Bank Owner regarding FDIC (Mish)
Warren Buffett on The Greenback Effect (nytimes.com)
Pimco Says Dollar to Weaken as Reserve Status Erodes (bloomberg.com)
Pimco's Gross buys $23M house, tears it down (realestate.msn.com)
Public workers' hefty pensions strain budgets (dailybulletin.com)
CalPERS Backs National Health Care Reform Effort (calpers.ca.gov)
What You Need To Know About Health Care Reform (minyanville.com)
How American Health Care Killed My Father (theatlantic.com)
Thank You Marja M. ($30) and Randee W. ($15) for your kind donations.
Wed Aug 19 2009
Southern California House Prices Fall on Foreclosures (bloomberg.com)
Hawaii real estate market to fall further (starbulletin.com)
Florida's population declines for the first time since 1946 (miamiherald.com)
Delinquency rate on bank loans up to record 6.49% (marketwatch.com)
Unemployment Spike Compounds Foreclosure Crisis (washingtonpost.com)
Bright Side of Falling House Prices (Mish)
Renters enjoy impact of foreclosures (lansingstatejournal.com)
How mortgage shopping could change (articles.moneycentral.msn.com)
US banker found guilty of $1B subprime fraud (news.bbc.co.uk)
Taking Wall Street Advice in Rally Means Owing $6,000 (bloomberg.com)
Property Porn.. revisiting a hypnotised nation (blog.moneysavingexpert.com)
Tales from the deep -- underwater (latimesblogs.latimes.com)
Bull Turned Bear (littleindia.com)
This Is Reform? (nytimes.com)
Advertisers deserting Fox News' Birther Glenn Beck (marketwatch.com)
Thank You Anon. in WI ($20) and Joseph O. ($20) for your kind donation.
Tue Aug 18 2009
Lies, Damn Lies, and the Real Estate Recovery (minyanville.com)
No quick recovery ahead for housing (finance.yahoo.com)
Few expect boom after this bust (msnbc.msn.com)
Brace for Wave of Foreclosures, Dam About to Break (Mish)
Why the New American Real Estate Dream Is Renting (online.wsj.com)
Ten Key Charts on Property Values (newobservations.net)
Wall Street sees shoppers as key to rally's future (news.yahoo.com)
Commercial property sales plummet (philly.com)
Does the US have enough money to solve its problems? (dailyfinance.com)
You think Ireland is bad? Look at Spain (tribune.ie)
Some saw housing bubble and sold; trick now is spotting the bottom (latimes.com)
California real estate: No light yet in tunnel (marketwatch.com)
Dear California, I'm dumping you (latimes.com)
Greetings from Bulgaria (theautomaticearth.blogspot.com)
America's Japanese Banks (blogs.reuters.com)
Birthers! Banks and insurers profit from your fears (huffingtonpost.com)
How insurance firms twist debate (cnn.com)
Fear is weapon of choice for opponents of reform (washingtonpost.com)
Health Care War! (moneyandmarkets.com)
Thank You Susan P. ($5) for your kind donation.
Mon Aug 17 2009
Nearly one-third of all mortgages underwater (centralvalleybusinesstimes.com)
More than half of Sacramento-area mortages under water (sacbee.com)
Too Early For Housing Price Stabilization (Mish)
US Houseowners Cut Asking Prices $27.8 Billion (bloomberg.com)
The Rentership Society (calculatedriskblog.com)
Housing Glut Pushes Rental Inflation to Record Lows (mrzine.monthlyreview.org)
Slowing US Rents Push Inflation Lower, May Delay Fed (bloomberg.com)
The Real Impact of Deflation (minyanville.com)
Google Maps Now Shows Houses For Sale, Incl Foreclosures (maps.google.com)
Fair-Value Accounting Is Horror Flick Monster (bloomberg.com)
Toxic Loans Topping 5% May Push 150 Banks to Point of No Return (bloomberg.com)
Foreclosures hitting hard in Kona, Hawaii (honoluluadvertiser.com)
Bernanke, Do You Have The Cojones To Raise US Interest Rates? (marketoracle.co.uk)
Commercial real estate suffering (modbee.com)
Weird old text about credit bubbles (gutenberg.org)
Competing Ads on Health Care Plan Swamp the Airwaves (nytimes.com)
Debunking Health Care Lies by Reading the Bill (opencongress.org)
Why We Need Health Care Reform (nytimes.com)
US healthcare town halls: Anger, fear and lunacy (reuters.com)
Jon Stewart Eviscerates 'Birther' Movement (huffingtonpost.com)
Thank You Brian B. ($25) and Andrei F. ($10) for your kind donations.
Fri Aug 14 2009
House foreclosures set another record in July (reuters.com)
Foreclosures rise 7 percent in July from June (news.yahoo.com)
Foreclosure pipeline grows in the Bay Area (contracostatimes.com)
Colorado foreclosures filings hit record high (9news.com)
Foreclosure fallout hangs heaviest in FL (heraldtribune.com)
A market addicted to foreclosures? (boston.com)
Buyer wants money back for townhouse "hell" (dailybusinessreview.com)
Interview with Deutsche Bank about 'underwater' mortgages (money.cnn.com)
Why you should ask for lower rent (marketwatch.com)
Despite What Cramer Said, Housing Has Not Bottomed (seekingalpha.com)
Three Ways to Predict the End of the Housing Bounce (minyanville.com)
Housing Rebound: Why It Could Take 20 Years (seekingalpha.com)
Paulson & Goldman Sachs, The Plot Thickens (dailybail.com)
My First 100 Days as Director of SEC Enforcement (sec.gov)
Next Bubble to Burst Is Banks Big Loan Values (bloomberg.com)
Engineering company executives provide US economic advice (controleng.com)
Santa Clara County Sales Stats July 2009 (patrick.net)
Thu Aug 13 2009
House Price Declines Accelerate in Second Quarter (bloomberg.com)
East SF Bay houses with negative equity could pull down economy (contracostatimes.com)
Readers tell their stories about having 'underwater' mortgages (tbo.com)
Record number of foreclosures scheduled for sale in CA (centralvalleybusinesstimes.com)
Roubini, Taleb Talk Recovery, Risk Of Second Recession (huffingtonpost.com)
Pink Slip Nation (lewrockwell.com)
Deflation Hits Porn Industry, Others (Mish)
Tax revenue plunges as spending rises (theautomaticearth.blogspot.com)
We need to rein in our overspending (washingtontimes.com)
The Federal Reserve is Immoral (themessthatgreenspanmade.blogspot.com)
White House's Deal With Big Pharma Undermines Democracy (robertreich.blogspot.com)
How To Fight Heathcare Fearmongers and Demagogues (robertreich.blogspot.com)
Responsible Republicans Must Reject Insurance Industry Funded Fascism (alternet.org)
Humbled by Taiwan's national health insurance (blog.lib.umn.edu)
Thank You Cudick A. ($50) for your kind donation.
Wed Aug 12 2009
Silicon Valley house price declines may spread to higher-end areas (mercurynews.com)
House value drop-off slows; S.F. immune no more (sfgate.com)
US Underwater Mortgages May Reach 30% (bloomberg.com)
Half of US Houseowners Will Be Underwater by 2011 (finance.yahoo.com)
Nearly half of S. Florida mortgage holders are 'underwater' (sun-sentinel.com)
US Consumer Credit Shows Steepest Contraction in Over 5 Decades (Mish)
Inflation Not a Problem Deflationary Depression in Our Future (finance.yahoo.com)
Treasurer Fear of Credit Freeze Seen in Cash Hoarding (bloomberg.com)
Can We Stop Banksters From Killing Financial Reform (informationclearinghouse.info)
Fed Faces Its Zimbabwe Moment (forbes.com)
The Economic Numbers Tell One Story, Afflicted Owners Tell Another (washingtonpost.com)
Why are there medical care reform links on patrick.net? (patrick.net)
Karl Marx and American Health Care (miller-mccune.com)
A Primer on the Details of Health Care Reform (nytimes.com)
Fixing Health Care: A Real Solution (market-ticker.denninger.net)
FACT CHECK: No 'death panel' in health care bill (signonsandiego.com)
Town Hall Meeting Gives People Chance To Say Stupid Things In Public (theonion.com)
Thank You Patricia and Steve ($40) for your kind donation.
Tue Aug 11 2009
Falling Valuations Poison for VC's and Silicon Valley Real Estate (nytimes.com)
Sorry - the house price crash isn't over yet (blogs.telegraph.co.uk)
Tenants see cheaper rates, landlords face revenue hit (gainesville.com)
Specialist says foreclosure flood ahead (heraldtribune.com)
New wave of defaults on horizon, experts say (signonsandiego.com)
Foreclosures Increasing Or Not? (3.bp.blogspot.com)
Prime loan borrowers may be poised to face house foreclosures (lvrj.com)
Shattered Housing Dreams and the Painful Process of Deleveraging (Mish)
When real estate falls, so does auction hammer (heraldtribune.com)
Short sales: The odds are against cash-strapped houseowners (sun-sentinel.com)
How We Got into Debt (time.com)
Fed: Stop the presses (blogs.reuters.com)
Fed Poised to Halt Treasury Purchases Soon (calculatedriskblog.com)
A pessimist's prediction: Hyperinflation (articles.moneycentral.msn.com)
If it's broke, many consumers fixing it (signonsandiego.com)
Medical costs bankrupt more Americans than bad mortgages do. So, some links:
To save US $1T per year will cost insurance & drug industries that money; they won't let it happen (theautomaticearth.blogspot.com)
Will Obamacare Make the U.S. More Like Europe? (huffingtonpost.com)
Town-hall protesters defend right to be raped by insurance companies (patrick.net)
Mon Aug 10 2009
Luxury houses missing out on housing recovery (money.cnn.com)
The mortgage market folds (steamboatpilot.com)
Lost Couple of Decades Looming for US Economy (bloomberg.com)
Job Growth Lacking in the Private Sector (nytimes.com)
Dismal Unemployment Situation In Chart Form (Mish)
Fannie, Freddie Overseer Quits (bloomberg.com)
Should the Fed Be Buying Fannie Debt? (blogs.wsj.com)
Fed Manipulating Demand For US Treasuries (zerohedge.com)
Some Signposts on the Deflation-Reflation Road (thebarricadeblog.com)
Russian Debt Beats California Debt (bloomberg.com)
The Small Price to Pay for Financial Fraud (minyanville.com)
Red flags signaled lender's demise (ocala.com)
Orlando apartment vacancies are up (orlandosentinel.com)
Renters Get Discounts To Stay Put (nytimes.com)
Shouting Replaces Debate In Health Care (nytimes.com)
Propagating Falsehoods About Health-Care Reform (washingtonpost.com)
The Enthusiasm Gap in Health Reform (tnr.com)
Thank You Jeffrey L. ($15) for your kind donation.
Fri Aug 7 2009
Why House Prices Will Continue To Fall (cbsnews.com)
Wages and Salaries Fell 4.7%, Most On Record (Mish)
Foreclosure wave gathers momentum (mortgage.freedomblogging.com)
Bankruptcies climbing in Minnesota, US (startribune.com)
Underwater Mortgages to Hit 48%, Deutsche Bank Says (bloomberg.com)
Drop in houseownership likely to continue (usatoday.com)
Commercial property price index posts record drop (web.mit.edu)
US Considers Saving Fannie, Freddie To Prevent Free Market Prices (washingtonpost.com)
House-Buying Risks Decline Along With the Rewards (bloomberg.com)
Mortgage-Burning Parties Almost Extinct (npr.org)
Mortgage Lender Is Suspended, and Closes (nytimes.com)
Expanded Protections for Tenants Are Upheld in Court (nytimes.com)
CNN Refusing To Run Ad Critical Of Insurance Industry (theplumline.whorunsgov.com)
Murdoch signals end of free news (news.bbc.co.uk)
Thu Aug 6 2009
Collapse in Luxury Market More Revealing Than It Appears (minyanville.com)
Condo buyers find it tough to get mortgages (sfgate.com)
Are Houses Finally Cheap? (customsites.yahoo.com)
Has the housing market bottomed out? (moneyweek.com)
Underwater Mortgages to Hit 48%, Deutsche Bank Says (bloomberg.com)
American Incomes Head Down, Threatening Recovery in Spending (bloomberg.com)
Lost generation? US grads work for free, look abroad (reuters.com)
Buffet's Betrayal (blogs.reuters.com)
Banking Bonuses Are Bubble Yet to Burst (bloomberg.com)
Banks slow to modify mortgages (features.csmonitor.com)
San Francisco lawyer eyes new defendants in Madoff case (nypost.com)
The other real estate bubble (socialistworker.org)
Honest Appraisals Stymie Industry, House Buyers (washingtonindependent.com)
Fundamental Charts (newobservations.net)
Millions long for immortality (theautomaticearth.blogspot.com)
Thank You Chad A. ($10.71) and Brian M. ($11.11) for your kind but weird donations.
Wed Aug 5 2009
SF Bay Area rental vacancy rates swells from 4.7% to 7.1% (realestate.yahoo.com)
End of U.S. housing slump? Not exactly (theglobeandmail.com)
Three (More) Reasons Real Estate Isn't Rebounding (investmentu.com)
Mortgage defaults on LI among worst in NY state (newsday.com)
Why We Need the Recession to Continue (minyanville.com)
Short-term bonds overpriced (bondbuyer.com)
Bernanke May Fail to Curb Inflation (bloomberg.com)
Bailout cash leads to fraud (nytimes.com)
Int'l Accounting Board Proposes Its Own Fair-Value Rule (cfo.com)
Income Loss Persists Long After Layoffs (nytimes.com)
Americans keeping chickens (nytimes.com)
How I Learned to Stop Worrying & Love Goldman Sachs (maxkeiser.com)
Cemetery In Foreclosure (voices.washingtonpost.com)
Thank You Michael G. ($20) for your kind donation.
Tue Aug 4 2009
Boomers and Housing: A Symbiotic Relationship Unravels (huffingtonpost.com)
Housing Affordability and Minimum Wage Earners (lasvegassun.com)
The price of U.S. recession is paid in jobs (reuters.com)
One Dead Cat Bounce, Two Sucker Rallies to Go? (seekingalpha.com)
Is the Housing Bottom in, or is this just a Seasonal Uptick? (Mish)
Investors ignored these foreclosure discounts (mortgage.freedomblogging.com)
Economist warns China could cause commodity price slide (telegraph.co.uk)
Economic Stabilization Does Not Indicate Recovery (minyanville.com)
Rescues Unlimited: Government as Wall Street's Enabler (nytimes.com)
Why the Fed Needs to Come to Its Senses (seekingalpha.com)
What's so great about private health insurance? (latimes.com)
A Canadian doctor diagnoses U.S. healthcare (latimes.com)
Thank You Steve H. ($20) for your kind donation.
Mon Aug 3 2009
Housing Bottom? No, the Mother of All Head Fakes (finance.yahoo.com)
The CRASH is just beginning (caps.fool.com)
California's default rate soars to 9.5% (latimes.com)
Real Estate Burst bubble spatters San Diego (seattletimes.nwsource.com)
Downtown Fort Myers condo has 32 stories, and one occuppied unit (news-press.com)
Foreclosures Spread As Unemployment Rises (businessweek.com)
Housing Graphs (patrick.net)
Median price for Croton On Hudson (5t9pea.bay.livefilestore.com)
Confidence is liquidity (theautomaticearth.blogspot.com)
Ackermann Says Bad Loans Are Next Wave of Crisis (bloomberg.com)
The collapse in commercial property (economist.com)
Free OFMP, Get Yours Now (haloboyle.com)
Congress' own healthcare benefits: Membership has its privileges (latimes.com)
Public pensions draw scrutiny amid Calif. crisis (news.yahoo.com)
Bank Overexpansion Hits Brick Wall (minyanville.com)
Fannie, Freddie Regulator Says Government May Not See $85 Billion Returned (washingtonpost.com)
Any house can sell, right now, if the price is right (the-signal.com)
Geithner Can't Sell House (thedailyshow.com)
The Money On The Sidelines Fallacy (zerohedge.com)
Real Estate Photoshop jobs gone very, very wrong (sfgate.com)
Thank You Lara S. ($10) for your kind donation.
Fri Jul 31 2009
Has the housing market hit bottom? (themessthatgreenspanmade.blogspot.com)
Still Skeptical That We've Seen the Housing Bottom (seekingalpha.com)
Job levels won't rebound in California until 2013 (sfgate.com)
Cities worst hit by foreclosures (money.cnn.com)
Foreclosures hit Maui hard (starbulletin.com)
Mortgage Default: Landlord Edition (motherjones.com)
Most Interesting Event Since Prices Began Decline (theaffordablemortgagedepression)
Lucrative Fees May Deter Efforts to Alter Loans (nytimes.com)
Loan Servicers Work the Fine Print in Obama Foreclosure Plan (washingtonindependent.com)
How Mortgage Lending Became An 'American Casino' (ourfuture.org)
Some Banks in Govt's "Healthy Bank" Bailout Are Struggling (propublica.org)
Ben Bernanke Was Incredibly, Uncannily Wrong (rightsidenews.com)
Forever Blowing Bubbles (theautomaticearth.blogspot.com)
How Corporates, Sellouts in Congress Have Hijacked the Health Care Debate (alternet.org)
What's Wrong With a Single-Payer System? (blogs.nytimes.com)
Estate agent turns to witchcraft (hip-consultant.co.uk)
Thu Jul 30 2009
Underwater Borrowers Drowned Themselves with Refinancings (blogs.wsj.com)
Frank threatens banks to stop foreclosures (finance.yahoo.com)
Emails from Housing Hypocrites about Ethics (Mish)
Extreme makeover for appraisals (contracostatimes.com)
Commercial Real Estate Crash Looming, Says Fed (housingwire.com)
Goldman Sachs: Gambling With Your Money? (huffingtonpost.com)
Housing Staggers Toward a Bottom (minyanville.com)
House Prices Improve, But Recovery Still A Long Way Off (thefastertimes.com)
Recovery Signs in Housing Market Stir Some Hope (nytimes.com)
Housings Tequila Hangover Isnt Easily Shaken (bloomberg.com)
Prepare for more foreclosures -- many more (crainsnewyork.com)
Subprime mortgage companies warn on US foreclosures (reuters.com)
Santa Cruz condo project in trouble: contractors sue to get paid (santacruzsentinel.com)
Could the recession zap California's population boom? (sfgate.com)
Swine Flu: What I Believe (solari.com)
Real Estate Agents and Rose Tinted Glasses (healdsburgbubble.blogspot.com)
Bernanke: Why are we still listening to this guy? (youtube.com)
Wed Jul 29 2009
S.F. tower's owners will forfeit it to lender (sfgate.com)
Housing: Remember the Two Bottoms! (calculatedriskblog.com)
NAR Keeps Whining About Appraisals (seekingalpha.com)
Why Housing Prices Are Essentially Meaningless (minyanville.com)
Pyrrhic Victory in June Housing Data (online.wsj.com)
Questioning the numbers on new home sales (theautomaticearth.blogspot.com)
US Consumer Confidence Falls More Than Forecast (bloomberg.com)
Secret History of the Credit Card (pbs.org)
US Pays $2.5 Trillion for Care Costing $912 Billion (bloomberg.com)
Incredible Shrinking Boomer Economy (Mish)
Foreclosures are often in lenders' best interest (msnbc.msn.com)
Top US officials seek to reassure Chinese (finance.yahoo.com)
Tue Jul 28 2009
San Diego high-rise condo market goes from frenzy to fizzle (latimes.com)
Property Appraiser's Records Are NOT Accurate in Florida (eyeonmiami.blogspot.com)
Lenders failed to heed red flags (heraldtribune.com)
Loans Shrink Amid Lingering Economic Fears (online.wsj.com)
Luxury prices keep falling (chicagotribune.com)
Sell Now Or Your Capital Will Be Trapped (Charles Hugh Smith)
How to prevent flipping fraud (heraldtribune.com)
Real Treasury Yields Highest In History (Mish)
US manufacturing jobs go to China (news.bbc.co.uk)
Stock Trading Slowdown Is Steepest in Two Decades (bloomberg.com)
Health-Insurer Tax May Help Break Senate Logjam Over Obama Plan (bloomberg.com)
Whistleblower tells of America's hidden nightmare for its sick poor (guardian.co.uk)
Wall Street's Gains Equal Main Street's Loss? (huffingtonpost.com)
Our Payments Were Automatic. Stopping Them Wasn't (nytimes.com)
When Debtors Decide to Default (nytimes.com)
California still on the edge of fiscal abyss (signonsandiego.com)
The Good News and The Bad News (investmentpostcards.com)
Mon Jul 27 2009
Builder Rally Fleeting as Buyers Flee (bloomberg.com)
Foreclosure rate jumps in June (signonsandiego.com)
A Smoother Look at Foreclosures and House Sales (voiceofsandiego.org)
The Great Commercial Real Estate Disaster (blogs.reuters.com)
US House Vacancies Hit 18.7 Million (Mish)
Fannie & Freddie: The most expensive bailout (money.cnn.com)
Health Care Wisdom (swampland.blogs.time.com)
Executives receive one-third of all pay in the US (thinkprogress.org)
10 Myths About Subprime (clevelandfed.org)
Bad data and the "improvement" in housing (eyeonmiami.blogspot.com)
Most Are Blind to the Mountain of Malinvestments (independent.org)
The Market Oracle (marketoracle.co.uk)
Roubini's Outlook on the Economy (pbs.org)
Default notices hit all-time high in SF area (sfgate.com)
$190,000 withdrawn in $20 bills (stuff.co.nz)
Mark Ponder, famous for local billboards, found dead (bakersfield.com)
Frugal McDougall, A Rhyme For Our Times (Mish)
Who Regulates Banks Best: Bozo the Clown or Barney Frank? (newobservations.net)
Fri Jul 24 2009
Which foreign banks got the Fed's $500B? (dailybail.com)
At Long Last - Fed Explains Exit Strategy (Mish)
United States Postal Service Faces October Default Along With... (jessescrossroadscafe)
Goldman and JPMorgan, Two Winners When Rest of America Losing (robertreich)
Such a wonder, so much to plunder (theautomaticearth.blogspot.com)
How About The Truth? (thelastgoodidea.blogspot.com)
Out of house and home (latimes.com)
Ex-Lehman Trader Says Fuld Snubbed Warnings on Housing Bubble (bloomberg.com)
Seance on Wall Street (tpmcafe.talkingpointsmemo.com)
Stores Go Dark Where Buyers Once Roamed (nytimes.com)
Bernanke Says Commercial Property May Pose Risk for Economy (bloomberg.com)
Don't Bail Out Bernanke (cato-at-liberty.org)
6 US Senators Sell Out Constituents for $11 Million from Health Industry (healthcare-now.org)
Getting real: A new era of frugality (canada.com)
Eating Roadkill: Would You? (chelseagreen.com)
Thu Jul 23 2009
Roubini: Economic Recovery to Be 'Very Ugly' (cnbc.com)
Visiting Pompeii, Thinking About Smoke Billowing Out Economic Mt. Vesuvius (huffingtonpost.com)
California exodus expands slightly (lansner.freedomblogging.com)
No recovery in California until 2011 (latimes.com)
Hotel foreclosures spread throughout California (sfgate.com)
St. Regis Monarch Beach seized by Citigroup (latimes.com)
Overpriced DC's Watergate Hotel draws no bids at foreclosure auction (mcclatchydc.com)
Housing Crash Is Not Over, How To Profit (seekingalpha.com)
San Fran SOMA condos may be last to recover (sfgate.com)
The king of the Florida flip (heraldtribune.com)
In Defense of Onerous Mortgage Down Payments (theaffordablemortgagedepression.com)
Rich Harvard, Poor Harvard (vanityfair.com)
Some Fear NY Fed Too Heavily Influenced by Wall Street Ideology (washingtonpost.com)
Health Insurance Lobby Cherry-Picks Data in Fight Against Public Plan (washingtonpost.com)
Socialism Vs Capitalism (blogs.reuters.com)
Thank You Daniel K. ($20) and Vivian S. ($20) for your kind donations.
Tue Jul 21 2009
Housing sales data contaminated in Miami-Dade county (eyeonmiami.blogspot.com)
Another way realtors lie (bloomberg.com)
Overdevelopment Leaves Hundreds Of Apartments Vacant In Brooklyn (ny1.com)
Flippers' toll: On Gulf Coast, half a billion in defaults (heraldtribune.com)
The commercial real estate time bomb (moneyfeatures.blogs.money.cnn.com)
Economist Shiller Sees "Bad Recession," Stock Danger (moneynews.newsmax.com)
Cheaper Mortgages Spark Lower FICO Scores for Payers (bloomberg.com)
Prop 13 Bankrupted California (bondbuyer.com)
Economists' Pro-Fed Petition Discredits Its Signers (independent.org)
Subprime brokers mutate into loan fixers (msnbc.msn.com)
When Will Recovery Begin? Never. (robertreich.blogspot.com)
Govt potential bank bailout means $80K from every American (finance.yahoo.com)
TARP Special Investigator Says Bailout Total May Reach $23.7 Trillion (Mish)
Fiscal ruin of the Western world beckons (telegraph.co.uk)
More Americans Embrace Money-Saving Lifestyles (marketwatch.com)
Meet the guy who survives without money (men.style.com)
Thank You Stephanie V. ($10) for your kind donation.
Mon Jul 20 2009
Big New Housing Problem: Mortgage Insurers Back Off (seekingalpha.com)
US foreclosure crisis spreads to new states (features.csmonitor.com)
Bank 'walkaways' from foreclosed houses growing (blog.cleveland.com)
Jobless rate tops 10 percent in 15 states, DC (finance.yahoo.com)
1.5 Million Will Exhaust Unemployment Benefits By Year-end (Mish)
More S.F. retirees join $100,000 pension club (sfgate.com)
Debt Man Walking (newobservations.net)
There is no hard evidence of a bottom (theautomaticearth.blogspot.com)
Supply will crush mid-to-upper priced properties in 2009 (viewfromflorida.blogspot.com)
'Flip that house' fraud cost billions (heraldtribune.com)
Should you build up your savings or repay your mortgage? (moneyweek.com)
Why Washington Ignores an Economic Prophet (newsweek.com)
Dr. Doom Still Doomful (blogs.reuters.com)
Forget inflation: Consumer prices record biggest slide since 1955 (thestar.com)
The US-China Ponzi scheme (articles.moneycentral.msn.com)
China 2009, America 2001, Rome 11BC (washingtonsblog.com)
Orwell Deleted From Kindle In Orwellian Move (nytimes.com)
Goldman Sachs posts huge profits from crisis it helped cause (dailymail.co.uk)
The Joy Of Sachs (nytimes.com)
Goldman Sachs in Talks to Acquire Treasury Department (borowitzreport.com)
Fri Jul 17 2009
Bay Area prices plummet 29% in year, but seasonal blip gets headline! (sfgate.com)
Upward blip in Inland area housing prices draws mixed reactions (pe.com)
No media bias here... (patrick.net)
First half foreclosures break records (money.cnn.com)
Foreclosures at record high in first half 2009 despite aid (reuters.com)
Rising unemployment accelerates foreclosure crisis (news.yahoo.com)
Unemployment "main cause" of foreclosures (What about foolish debt?) (sun-sentinel.com)
Cisco cutting 700 employees at HQ (marketwatch.com)
House Ownership Was Never a Road to Riches (online.wsj.com)
'Unknown' bank CIT could go bust - making the US recession worse (moneyweek.com)
Gov't is not going to rescue CIT again (blogs.reuters.com)
Taxes pay Goldman bonuses: Ain't life grand? (theautomaticearth.blogspot.com)
Unlocking the Apartment 'Warehouse' in NY (gothamgazette.com)
CalPERS sues credit-rating firms over $1 billion in investment losses (latimes.com)
This isn't a recession, it's a collapse (seekingalpha.com)
Global Economic Meltdown, Political Unrest (globalpost.com)
The Seigniorage Curse (gregor.us)
Thank You Perrin G. ($25) and Anthony F. ($20) for your kind donations.
Thu Jul 16 2009
Upscale house sales lag as jumbo loans are hard to get (usatoday.com)
Foreclosures in Silicon Valley continue to climb (mercurynews.com)
Peak to Trough Case Shiller and CAR House Price Declines (Mish)
No one puts down 20% anymore. It's all FHA with 3% down. (patrick.net)
FHA/Ginnie Mae mortgage bonds enjoy boom at taxpayer risk (latimes.com)
Subprime debt's new threat to housing (articles.moneycentral.msn.com)
Option-ARMs worse than subprime (themessthatgreenspanmade.blogspot.com)
South LA apartment rents fall in 2nd quarter (dailybreeze.com)
Struggling Landlords Leaving Repairs Undone (nytimes.com)
Obama Considers New Mortgage Solution: Own-To-Rent (businessinsider.com)
Middle-class couple posed as buyers, move in as squatters, refuse to pay (dailymail.co.uk)
Understanding Financial Crisis |
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