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More News Links
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 Through Accounting Models (PDF - uni-muenchen.de)
Banks Resist Regulation: Chutzpah on Steroids (nytimes.com)
The bank was saved, but the people were ruined (theautomaticearth.blogspot.com)
Michael Shedlock on Alex Jones Show - Bernanke's Big Scam (revolutionarypolitics.com)
Federal Reserve is the black hole in democracy (dailybail.com)
$1 Trillion Deficit Complicates Obama's Agenda (online.wsj.com)
Great pits of the world (agonist.org)
Squashed (jsmineset.com)
Thank You Pulkit D. ($35) for your kind donation.
Wed Jul 15 2009
California foreclosure sales increase 24.7 percent (centralvalleybusinesstimes.com)
How to Sort of Predict Housing Prices (economix.blogs.nytimes.com)
Mansion Glut in Pelosi's San Francisco Neighborhood Slows Sales (bloomberg.com)
What's the Real CPI? (Mish)
Landlords' new weapon: financial education (latimesblogs.latimes.com)
Hawaii might not have reached bottom yet (mauinews.com)
Investing short term funds for higher returns (money.cnn.com)
US budget deficit at $1 trillion (news.bbc.co.uk)
April Showers Bring No Spring Flowers in NY (paper-money.blogspot.com)
Remember The 40-Hour Work Week? (businessinsider.com)
U.S. mulling mortgage aid for unemployed (reuters.com)
Silicon Valley Job Listings Way Down (dice.com)
10 Reasons Employment Is Worse Than You Think (finance.yahoo.com)
Average length of unemployment highest since 1948 (online.wsj.com)
The Mystery of the Missing Unemployed Man (huffingtonpost.com)
Flood of money buoys Beijing property bubble (moneyweek.com)
Econophysicist Predicts Date of Chinese Stock Market Collapse (technologyreview.com)
Time to tackle the real evil: too much debt (news-to-use.com)
Meth lab houses harm new owners (msnbc.msn.com)
Meth Lab Houses (methlabhomes.com)
Tue Jul 14 2009
"Green Shoots" are marketing BS (suburbanchicagonews.com)
Housing - How Far To The Bottom? (Mish)
Graphs from Brevard County, FL (patrick.net)
O.C. bankruptcy filings jump 62% in May (jan.freedomblogging.com)
High-priced houses continue their drag on real estate market (islandpacket.com)
Lenders Walking Away (calculatedriskblog.com)
Only Forceful Action Can Change Foreclosure Crisis (washingtonindependent.com)
Legal to ban underwater owners from renting out? (bemidjipioneer.com)
Chicago housing prices drop even faster (chicagotribune.com)
How the Tech Boom Terminated California's Economy (fastcompany.com)
Real estate market still in decline (fosters.com)
Fear of default rocks Saudi corporates (gulfnews.com)
Tight Mortgage Rules Exclude Even Good Risks (nytimes.com)
For Goldman, Owning Government Proves Good Business Plan (nytimes.com)
Make Congressmen READ The Bills Before They're Law (downsizedc.org)
Read the Bills Act (en.wikipedia.org)
Bubble graphs in video (nickgogerty.typepad.com)
Wells Fargo Bank Sues Itself (foxbusiness.com)
100 Abandoned Houses (100abandonedhouses.com)
Thank You Uttam S. ($35) for your kind donation.
Mon Jul 13 2009
Lenders' latest foreclosure strategy: waiting (heraldtribune.com)
More trouble ahead for overpriced housing (blogs.moneycentral.msn.com)
We may enjoy a Double Dip Case-Shiller Decline (blogs.wsj.com)
Good News In Housing: Price Reductions Are Proliferating (time.com)
Million-dollar houses are having trouble selling at last year's prices (twincities.com)
Housebuyers remain fearful, with good reason (denverpost.com)
Beazer Homes was a veritable crime wave (nytimes.com)
You see a for rent sign almost on every corner (huntingtonhomes.freedomblogging.com)
Health coverage or rent? O.C. residents have to choose (ocregister.com)
Critics target recipients of CA six-figure public pensions (latimes.com)
Houseowners Associations: California - Myth and reality (ahrc.se)
26% of house mortgage defaults 'strategic' (sfgate.com)
Prices fall in LA County for first time in 13 years (latimesblogs.latimes.com)
Maui wipeout: Residents swept in debt (mauinews.com)
Buffetts Most-Watched Index Takes a Tumble (bloomberg.com)
Idling ships clog up Singapore shores (news.bbc.co.uk)
Kohn warns Congress on meddling in Fed's affairs (reuters.com)
How Average US Consumer Spends Paycheck (visualeconomics.com)
Realtors Might Not Have Your Best Interests At Heart (millionairemommynextdoor.com)
Would you pledge your soul as loan collateral? (news.yahoo.com)
Thank You Anurag B. ($15) for your kind donation.
Fri Jul 10 2009
Expect More House Price Declines Almost Everywhere (blogs.wsj.com)
Let's Treat Borrowers Like Adults (online.wsj.com)
Continuing Jobless Claims Hit Record, Auto Industry Supresses New Claims (cnbc.com)
Layoff fears keep buyers out of market (freep.com)
Manhattan Rents Decline as Unemployment Cuts Demand (bloomberg.com)
Mortgage Defaults: Many Are Intentional (time.com)
Former Asst Treasury Secretary comments on bailouts, dollar, Goldman Sachs (Mish)
Goldman Sachs Loses Grip on Its Doomsday Machine (bloomberg.com)
Is Trading Sabotage About To Destroy Goldman Sachs? (zerohedge.blogspot.com)
Debate about deflation (theautomaticearth.blogspot.com)
Next Shock Coming: Commercial Real Estate (voices.washingtonpost.com)
US Lawmakers Sound Alarm About Commercial Real Estate Market (nasdaq.com)
Property Taxes Fall in California (calculatedriskblog.com)
Undocumented income makes it hard to get a loan (sfgate.com)
Legalize Marijuana and Solve California's Budget Crisis (usnews.com)
Arnold Bucks (couragecampaign.org)
Thank You C. H. ($10), Russ and Sheila ($40), and Sunil M. ($10) for your kind donations.
Thu Jul 9 2009
U.S. Housing Market Is Cursed by Brain Freeze (bloomberg.com)
"Shadow" Inventory In FL Keys Not Found On MLS (rocktrueblood.blogspot.com)
Large condo association bankruptcy (dailybusinessreview.com)
Apartment Vacancy at 22-Year High in U.S. (bloomberg.com)
Harlem's Real Estate Boom Becomes a Bust (nytimes.com)
The New Subprime (fool.com)
Comparing Job Losses and Investment Opportunities in Recessions (Mish)
Not Your Father's Recession (americanthinker.com)
Should You Bet Against the Dollar? (online.wsj.com)
US Continues to Experience Real Price Deflation (theaffordablemortgagedepression.com)
'Worst to come' warning as G8 leaders gather (google.com)
Appraisal claim is a tough sell (heraldtribune.com)
U.S. mortgage fraud 'rampant' and growing-FBI (reuters.com)
Michael Lewis on AIG (vanityfair.com)
Don't blame Bob Shiller for death of housing market (money.cnn.com)
America's life-settlement industry: From mortgages to mortality (economist.com)
Senate Leadership Blocks Federal Reserve Audit (ronpaul.com)
Conyers Health Reform Bill HR 676 (conyers.house.gov)
Market crash drives will to kill (business.watoday.com.au)
Gary: Landlord of the Flies (strangerthaneviction.tumblr.com)
Thank You Anonymous ($35) and Bruce B. ($10) for your kind donations.
Wed Jul 8 2009
U.S. House Prices to Fall Through 2011's First Quarter (bloomberg.com)
House foreclosures expected to surge in coming months (chicagotribune.com)
America's Fastest-Falling Neighborhoods (forbes.com)
Big box closures leave big blight across U.S. (msnbc.msn.com)
Delinquencies on U.S. House-Equity Loans Reach Record (bloomberg.com)
Consumer loan delinquencies continue to rise (news.yahoo.com)
Tell Wells Fargo, Bank of America, JP Morgan, and Citigroup to Go to Hell (Mish)
Banks let foreclosures rot, then complain about fines (signonsandiego.com)
Big Banks Don't Want California's IOUs (online.wsj.com)
California Credit Rating Cut Close to Junk After IOUs (bloomberg.com)
Fitch Downgrades State of California Credit Rating (businesswire.com)
U.S. House May Include Surtax on Wealthy in Health-Care Package (bloomberg.com)
Inflation, the least of your worries (theautomaticearth.blogspot.com)
Credit Expansion, Crisis, and the Myth of the Saving Glut (marketoracle.co.uk)
10 Things Your Real Estate Broker Won't Say (smartmoney.com)
Gamer steals from virtual world to pay real debts (independent.co.uk)
Thank You Michael N. ($10) for your kind donation.
Tue Jul 7 2009
Where is reward for hero class that never got into debt? (eyeonmiami.blogspot.com)
New Affordable FHFA Loan Program Sounds Like Predatory Lending (seekingalpha.com)
The unbearable mightiness of deflation (theautomaticearth.blogspot.com)
No Amount of Stimulus Will Work (Mish)
New Rule Lets Goldman Sachs Control Stock Prices Unmolested (alternet.org)
The Great American Bubble Machine (rollingstone.com)
Plenty More Downside In Real Estate (businessinsider.com)
Bad signs for commercial real estate (idahobusiness.net)
High-rises on hold: What to do with empty lots? (sfgate.com)
In California, mortgage scammers find easy pickings (latimes.com)
Bankruptcies low in states that don't seize wages (news.yahoo.com)
Banks avoid property taxes, capital loss by only pretending to foreclose (healdsburgbubble)
Honest appraisal rules irk Realtors (heraldtribune.com)
Realtor Sucks (realtorsucks.com)
Ruins of the Second Gilded Age (nytimes.com)
Universal health insurance should be eminently affordable (nytimes.com)
Rising U.S. debt may be next crisis (houmatoday.com)
Of Course We're Not Going To Pay Back The Chinese! (dailybail.com)
Mon Jul 6 2009
America's Most Troubled Luxury Neighborhoods (abcnews.go.com)
Mid-to-High End Housing Capitulates in CA (fieldcheckgroup.com)
Upscale San Diego Neighborhoods See More Defaults (directoryofsandiego.com)
Fiscal crisis tarnishes Golden State's image (sfgate.com)
Eight reasons why CA budget's in bad shape (venturacountystar.com)
OK, Lets Talk Prop 13 (citywatchla.com)
Profiting from an Irvine bank failure (mortgage.freedomblogging.com)
Zero money down, not subprime loans, led to the mortgage meltdown (online.wsj.com)
Another wave of foreclosures is poised to strike (latimes.com)
So Many Foreclosures, So Little Logic (nytimes.com)
Vacancies give renters room to negotiate (latimes.com)
Washington Post digs their integrity grave a little deeper (slycapital.com)
In Case You Were Insufficiently Depressed About Job Numbers (voices.washingtonpost.com)
June Economic Summary in Graphs (calculatedriskblog.com)
Chinese drywall blamed for odors and corrosion in U.S. houses (latimes.com)
Glut of oil could push gasoline prices back down below $2 a gallon (latimes.com)
State of Florida aided suspect in huge swindle (miamiherald.com)
Tax appeals slam local governments (msnbc.msn.com)
The Housing-Bubble and the American Revolution (nytimes.com)
Stimulus Not Producing Fireworks (jsmineset.com)
Fri Jul 3 2009
California rolls out $3.36 billion in IOUs today (sfgate.com)
Reduce your California Withholding NOW! (watchingmarcitz.com)
San Francisco has recession's 1st distressed office sale (sfgate.com)
NY City apartment sales down over 50 percent (reuters.com)
Reports show Manhattan apartment prices tumble by double digits (sun-sentinel.com)
Washington Post cancels lobbyist event amid payoff uproar (politico.com)
House Prices Fall Again (noozhawk.com)
Bear Market in US Housing to Last Years (rosemanblog.sovereignsociety.com)
Housing market remains weak (dailyfinance.com)
Payrolls Fall More Than Forecast, Unemployment Rises (bloomberg.com)
Jobless picture leaves recovery on shakier ground (marketwatch.com)
10 Things We Know FOR-clo-SURE (blog.youwalkaway.com)
Oil prices tumble as Europe and the US shed jobs (finance.yahoo.com)
Sweden Cuts Deposit Rate to NEGATIVE .25% (Mish)
Bank Failure Thursday (blogs.reuters.com)
Shotgun Marriages Raise Risk of New Bank Blowups (bloomberg.com)
Hotel Loan Defaults Double as Recession Cuts Travel (bloomberg.com)
Foreclosure is a problem for celebrities too (msnbc.msn.com)
The Science of Economic Bubbles and Busts (scientificamerican.com)
Thank You Steven B. ($20) and Bill B. ($20) for your kind donations.
Thu Jul 2 2009
Updated: Case-Shiller 100-Year Chart (ritholtz.com)
San Diego house prices sliding at slower pace (signonsandiego.com)
Insured Mortgage Defaults Resume Upward Climb (cnbc.com)
Expensive Houses Languish (time.com)
Gloomy U.S. consumers clip housing recovery hopes (reuters.com)
US Mortgage Applications Fall 19% (bloomberg.com)
California Misses Deadline to Avoid Issuing Need IOUs (bloomberg.com)
Obama Administration Expands Future Forclosee Program (washingtonpost.com)
3 bad reasons to buy a house (articles.moneycentral.msn.com)
Has the "Hard Money" In Bonds Been Made? (Mish)
Another Citigroup Scandal As Usual (seekingalpha.com)
Eyesores next door take shine off dream houses (9news.com)
Hotel Loan Defaults Double as Recession Cuts Travel (bloomberg.com)
Government Stock Market Manipulation (sott.net)
No 'Club Fed' for Madoff (dailyfinance.com)
Bank Run Teaches Amish About the Risks of Modernity (online.wsj.com)
How to Steal Billions in Plain View (old but good - lewrockwell.com)
How to pick an agent (njrereport.com)
Thank You Robert D. ($10) and Richard U. ($7.77) for your kind donations.
Wed Jul 1 2009
House prices post 18.1 percent annual drop in April (finance.yahoo.com)
Case Shiller April Shows Slight Moderation In Rate Of Decline (businessinsider.com)
Next Segment of Housing Market to Crash: $1 Million McMansions (finance.yahoo.com)
Loan Delinquencies Double on Prime Loans (Mish)
Delinquencies Double on Least-Risky Loans, US Says (bloomberg.com)
House Sales Didn't Soar in San Diego: Realtor Data Had "Errors" (online.wsj.com)
Consumer Confidence in U.S. Slipped in June (bloomberg.com)
No recovery for US property markets until 2017 (reuters.com)
How maths killed Lehman Brothers (plus.maths.org)
Can a Market Crash Save Us from Hyperinflation? (seekingalpha.com)
States brace for shutdowns (latimes.com)
20 Million Vacant Houses and Squattertown, USA (Charles Hugh Smith)
Well so much for that grand idea (richudell.com)
Thank You Michael M. ($10) for your kind donation.
Tue Jun 30 2009
Realty fervor takes aim at reality (articles.moneycentral.msn.com)
Sellers Hallucinate About Future Prices (businessinsider.com)
Waiting for Godot in the Real Estate Market (financialarmageddon.com)
Loan Mod Vs Walking away (housing-kaboom.blogspot.com)
Why We Need Deflation (seekingalpha.com)
BofA wording may cause more foreclosures (bizjournals.com)
Buffett, Soros Resisted Temptation as Housing Lust Raged (bloomberg.com)
Madoff gets 150 years, Picower quietly keeps all the loot (latimes.com)
'Pretty Boy' Paulson and the Goldman Gang Rob America (marketwatch.com)
Paper Avalanche Buries Plan to Stem Foreclosures (nytimes.com)
Attorneys advise clients to stay in their houses without paying (heraldtribune.com)
The Medical Cost Conundrum (newyorker.com)
Insurance Companies' Schemes To Deny Coverage (nytimes.com)
Appraisers attack requirement for honesty (orlandosentinel.com)
How Many Houses for Sale In Pacifica Really? (pacificariptide.com)
Empty Houses for the Homeless? (pbs.org)
Personal bankruptcies surge in Southern California (latimes.com)
Mounting jobless claims force states to borrow (reuters.com)
Fiscal crisis puts Prop. 13 up for discussion (sfgate.com)
Sears to Let Jobless Stop Payments, Still Keep Fridge (bloomberg.com)
Mon Jun 29 2009
For Sale, Still: Grand Houses In Gracious Neighborhoods (washingtonpost.com)
FDIC's Bair Cancels Listing After Cutting House Price (online.wsj.com)
Tishman Speyer May Lose Silicon Valley Land After Default (bloomberg.com)
Developer defaults leave potholes behind (charlotteobserver.com)
Mortgage defaults in America: Can pay, won't pay (economist.com)
Uh-Oh, Here We Go Again? (fool.com)
New TV show gives houseowners the cold truth (sfgate.com)
Temporary Bailouts Tend To Become Permanent (blogs.reuters.com)
Embrace Deflation - It's The Cure, Not The Problem (Mish)
Unemployment Soaring (theautomaticearth.blogspot.com)
California Income Gaps Continue To Widen (PDF - cbp.org)
Recovery When? How About If? (americanthinker.com)
Bringing Transparency to the Federal Reserve (cato.org)
Billions to Banks - The AIG Insurance Bailout (gimmiethescoop.com)
Jeffrey Picower benefitted from Madoff scam more than Madoff (msnbc.msn.com)
Canadian housing market still on very shaky ground (macleans.ca)
There Is No Market In Health Care (patrick.net)
Reviving Do-It-Yourself Building (newgeography.com)
Credit Card Hell (click to enlarge - mint.com)
I should buy your house for next to nothing (dilbert.com)
Thank You Gnanadeep K. ($10) for your kind donation.
Fri Jun 26 2009
New house sales in May down 33% from last year (money.cnn.com)
4 of America's nastiest housing busts (articles.moneycentral.msn.com)
Graph of Equity in Household Real Estate (ritholtz.com)
Value of commercial real estate back to 2004 levels (sfgate.com)
More reasons not to believe the NAR (themessthatgreenspanmade.blogspot.com)
The NAR's Appalling Fight Against Honest Appraisals (businessinsider.com)
Real Estate Associations Want Appraisers To Inflate House Prices (huffingtonpost.com)
Bloomberg Buys the Discredited Realtor Lobby's Spin (cjr.org)
The Tyranny of Mark-to-Market Rules for Houses (reason.com)
Banksters Polishing Their Sleazy Image (bloomberg.com)
Goldman Sachs Manipulating Markets Since Depression (zerohedge.blogspot.com)
Instead of Real Financial Reform, Obama capitulates to Wall Street (globalresearch.ca)
World Real Estate Markets In The First Quarter (nuwireinvestor.com)
The 13 Most Distressed Cities Of The Super-Rich (forbes.com)
With housing still tumbling, what's best way to gauge prices? (latimes.com)
The path to recovery is getting narrower (marketwatch.com)
Living without credit cards (msnbc.msn.com)
Housing, unemployment woes leave movers shaken (sfgate.com)
Pensioners kidnap and torture their financial adviser (dailymail.co.uk)
US To Trade Gold Reserves For Cash Through Cash4Gold.com (theonion.com)
Thu Jun 25 2009
Warren Buffett Says "We've had no bounce" (cnbc.com)
Commercial real estate: The day the mall died (examiner.com)
Why Palo Alto Housing Will Fall 30% or More (reallyfuckedhomeowner.com)
Values to be cut on more than 12,000 Marin properties (marinij.com)
Not Paying the Mortgage, Yet Stuck With the Keys (washingtonpost.com)
15,000 ignored foreclosures in Florida discovered (dailybusinessreview.com)
Fannie, Freddie asked to plant seeds of future foreclosures (reuters.com)
Rise In House Sales May Not Really Exist (pbs.org)
Sales of used houses in US fall in May (latimes.com)
Church attendance soars! (On Sundays only) (theautomaticearth.blogspot.com)
On The "Bank Holiday" Possibility (marketwatch.com)
Slowing Down Financial System May Be What Doctor Ordered (miller-mccune.com)
US Federal Budget Pipeline: Where Do The Dollars Drain? (globalresearch.ca)
Multi-millionaire walking away (miamiherald.com)
Mortgage Fraud Site (mortgagefraud.org)
Long Term Buy And Hold Is Still Bad Advice (Mish)
Outlook for US House Prices by Metro Area (PDF - matrix.millersamuel.com)
Public health plan could save money faster (news.yahoo.com)
Universal Healthcare? Don't Be Silly! (oldamericancentury.org)
Wed Jun 24 2009
Learning To Love Falling House Prices (blogs.reuters.com)
US House Prices Drop 6.8% in April as Foreclosures Rise (bloomberg.com)
Sacramento area misses move-up homebuyers -- they're staying put (sacbee.com)
Golden State losing folks as old Dust Bowl beckons (sacbee.com)
Calif unemployment climbs to record 11.5 percent (sfgate.com)
Jobless pain continues in most states in May (reuters.com)
House Prices Could Fall for 5 Years (money.aol.com)
US "recovery" distressingly slow (reuters.com)
Appetite for risk may have returned, but crisis not over (economist.com)
Does the Obama Plan for Reforming Wall Street Measure Up? (robertreich.blogspot.com)
Big Brother in Basel: Trading Stability for National Sovereignty? (globalresearch.ca)
Top Chinese banker suggests that US issue bonds in yuan (telegraph.co.uk)
Yesterday's nectar, today's killer (thehindubusinessline.com)
Fortune Magazine warns about bond bubble (seekingalpha.com)
Were Smugglers Trying To Dump Japan's US Bonds? (turnerradionetwork.com)
World economy tracking or doing worse than during Great Depression (voxeu.org)
Agent Refuses To Work By Hour (patrick.net)
Simply Mandating Health Insurance Will Not Work (slate.com)
Thank You Carla Jewelry ($20) and Laszlo Z. ($25) for your kind donations.
Tue Jun 23 2009
No recovery for US property markets until 2017 (reuters.com)
Cracks seen in foundation of US housing recovery (theglobeandmail.com)
Economist: bigger crash is coming (abc.net.au)
Paul Krugman's fear for lost decade (guardian.co.uk)
Housing Eludes Recovery as Job Losses, Foreclosures Climb (bloomberg.com)
Lingering Unemployment Likely to Challenge Obama (washingtonpost.com)
One solution: full recourse to every borrower (housingdoom.com)
The Big Inflationist Scare (Mish)
The pangs of low interest rates (haaretz.com)
Why higher interest rates are coming (money.cnn.com)
Credit Default Swaps and Too Big to Fail or Unwind (us1.institutionalriskanalytics.com)
Goldman Sachs Issues Non-Apology for Destroying World Economy (alternet.org)
Goldman Sachs to make record bonus payout (guardian.co.uk)
Bagmen and Boardrooms (theautomaticearth.blogspot.com)
Bankster Bailouts Exceed 200 Years Of Government Spending (blacklistednews.com)
Can the US pay it back? (macleans.ca)
Nobody Knows Which Banks Are Solvent (lrb.co.uk)
In Poll, Wide Support for Government-Run Health (nytimes.com)
Why I want to buy a house in Flint, Mich. (slate.com)
A Snake Eating Its Own Tail (kunstler.com)
Thank You Nancy M. ($15) and anonymous ($100) for your kind donations.
Mon Jun 22 2009
Patrick is traveling again. News back tomorrow.
Fri Jun 19 2009
California's Millionaire Clearinghouse Problem (paul.kedrosky.com)
Slump Dashes Oregon Dreams of Californians (nytimes.com)
Foreclosure Sales Steadily Climbing in California (rismedia.com)
Housing inventory increase expected (lvrj.com)
No 'significant recovery' in house prices as lending falls (telegraph.co.uk)
Houses Still Cost Too Much (alternet.org)
Pavlov's Dog and Jim Cramer's Call of the Bottom in Housing (Charles Hugh Smith)
Senator Shelby Calls Fed's Expertise "Grossly Inflated" (Mish)
Obama's Financial Regulatory Reform (market-ticker.denninger.net)
The regulation problem: lack of accountability (politico.com)
Overhaul Would Give the Fed Powers Over Wall Street (moneymorning.com)
Connecticut AG Targets Servicing Practices at Fannie, Freddie (housingwire.com)
Builders conference has a gloomy mood (sfgate.com)
Why housing and finance can't fix their mess (slate.com)
The American Empire Is Bankrupt (truthdig.com)
Debt pushes millions below poverty line (sfgate.com)
40 ways to lose your future (theautomaticearth.blogspot.com)
The Unfortunate Location (nytimes.com)
Adding For Sale Signs To Empty Houses (patrick.net)
Think $134 Billion Bond Smuggling Is Big? Try $2.5 Trillion (deathby1000papercuts.com)
Thank You Steven T. ($20) for your kind donation.
Thu Jun 18 2009
New CA Foreclosure freeze (sfgate.com)
California Foreclosure Moratoriums An Exercise Of Stupidity (Mish)
California's New House Tax Credit Running Out (blogs.wsj.com)
Millionaire Houses May Lose Value Until 2012 (bloomberg.com)
New York House Prices Forecast To Drop 40% More (time.com)
KB, Countrywide sued over inflated house prices (sfgate.com)
Housing starts "soared" in May? Hardly! (themessthatgreenspanmade.blogspot.com)
High Housing Starts Don't Reflect Reality (finance.yahoo.com)
Worst Housing Number in Decades: What Is Media Smoking? (seekingalpha.com)
Thoughts On Walking Away From Upside Down Mortgage (housingcrashhub.com)
Banks accept 66% of debt value at foreclosure auctions (mortgage.freedomblogging.com)
Inconsistencies in the $134 billion bearer bond mystery (seekingalpha.com)
Unemployment sharply increasing (theautomaticearth.blogspot.com)
Germany's Subprime Crisis Blamed On US (us1.institutionalriskanalytics.com)
"Greenspan needs to create a housing bubble" from 2002! (nytimes.com)
Health Care Rationing Rhetoric Overlooks Reality (nytimes.com)
Senator Sanders Single-Payer Health Care Petition (sanders.senate.gov)
How I Became an Accidental Slumlord (newsweek.com)
$134B Bond Smuggers are US's 4th Largest Creditors If Real (dailykos.com)
Women who rent weigh 12 lbs less (canada.com)
Thank You Brian O. ($15) for your kind donation.
Wed Jun 17 2009
Patrick is traveling. News back tomorrow.
Tue Jun 16 2009
San Francisco: Credit Squeeze Stalling Deals (nuwireinvestor.com)
The California question: To tax or not to tax? (contracostatimes.com)
Lake Las Vegas sees climbing foreclosures, falling values (lvrj.com)
Foreclosure problems still increasing in FL (heraldtribune.com)
Foreclosure 3rd wave (dailybusinessreview.com)
Is the housing bust about to take Manhattan? (reuters.com)
High-end houseowners now feeling the pinch (signonsandiego.com)
Tycoon has $21M house taken England's biggest repossession (dailymail.co.uk)
The Bear Market Never Ended (finance.yahoo.com)
The Debt Conundrum (seekingalpha.com)
Two crash book reviews (nytimes.com)
Another crash book review (examiner.com)
Wealth of Baby Boom Cohorts After Collapse of Housing Bubble (scribd.com)
Three Not-So-Optimistic Economists (huffingtonpost.com)
Infill in US Urban Areas (newgeography.com)
Recover, Bubble, Reform, Fumble (theautomaticearth.blogspot.com)
Smuggling $134 billion in T Bills? Woah! (bloomberg.com)
Thank You Don and Jas ($75) for your kind donation.
Mon Jun 15 2009
Gloom Over California House Prices Hard to Shake (cnbc.com)
Painful months ahead for housing? (mortgage.freedomblogging.com)
Graph of Prices In Westchester County, NY (patrick.net)
Tampa Bay real estate still threatened by rising rates, unemployment (tampabay.com)
Beware of Neighbor's Foreclosure (nytimes.com)
Buyers band together to negotiate with builders (therealdeal.com)
And Now, It's Crunch Time for Timeshares (nytimes.com)
Second mortgages: Lines of danger? (ocregister.com)
Proposal to bulldoze empty houses (telegraph.co.uk)
Median House Prices In Detroit Fall To $6,000 (Mish)
How banks lose on a sure-fire bet (econbrowser.com)
How Banks Are Gaming The Real Estate Market (exiledonline.com)
Top House Members Disclose Investments in Bailed-Out Banks (washingtonpost.com)
Senators Involved With Health Care "Reform" Have Industry Ties (huffingtonpost.com)
Congresswoman's abandoned house angers neighbors (latimes.com)
In Denmark, they pursue your mortgage debt for rest of your life (housingdoom.com)
Investors Rebuke Feds: Get Ready For Higher Interest Rates (cbsnews.com)
The Fed Might Have Painted Itself into a Corner (mises.org)
Thank You Mike ($25) for your kind donation.
Fri Jun 12 2009
Vultures descend on mortgage market (blogs.moneycentral.msn.com)
Mortgage Market Remains Solidly Frozen (Mish)
Could Net Equity Of All US Housing Fall To Zero? (theaffordablemortgagedepression.com)
Option ARMs, Coming House To Roost (thelastgoodidea.blogspot.com)
US Foreclosure Filings Top 300,000 as Bank Seizures Loom (bloomberg.com)
May foreclosures third highest on record (reuters.com)
Hawaii foreclosures set record (starbulletin.com)
Neighbors are forcing neighbors into foreclosure over HOA dues (sacbee.com)
Bondholders Face Losses From Commercial Mortgages (bloomberg.com)
Back to the future house prices (contracostatimes.com)
AIG's bailout bash resort faces foreclosure sale (latimes.com)
Pros and Cons of Canadian Health Care (nytimes.com)
(theautomaticearth.blogspot.com)
The Economy on the Edge (bbc.co.uk)
Jim Grant about the Fed (optionarmageddon.ml-implode.com)California nears financial meltdown as revenues tumble (reuters.com)
The Smart Way to Save Amid Low Interest Rates (smartmoney.com)
One simple four letter word (theautomaticearth.blogspot.com)
The Economy on the Edge (bbc.co.uk)
Jim Grant about the Fed (optionarmageddon.ml-implode.com)
Thu Jun 11 2009
Median house prices drop below 1989 levels in some parts of So. Cal. (latimes.com)
Marin County heading for castastrophic fall in upper end house prices (examiner.com)
California Has Highest Taxes Yet Overspends (Mish)
Baby Boomers: It's All Your Fault (blog.newsweek.com)
Unemployment To Peak In 2010 (finance.yahoo.com)
Fed Would Be Shut Down If It Were Audited (finance.yahoo.com)
Fed's Mortgage Price-Fixing Failing (businessweek.com)
Mortgage-Bond Yields Climb to New High Since Fed's Buying Plan (bloomberg.com)
Investigators say the Fed threatened bank CEO (finance.yahoo.com)
Congressional Oversight Panel says stress tests not stress-y enough (ftalphaville.ft.com)
Bank stress tests are bogus (theautomaticearth.blogspot.com)
Economists disparage foreclosure bailouts (mortgage.freedomblogging.com)
Impact of Falling Prices on Bubble Equity (theaffordablemortgagedepression.com)
Senators Want Taxpayer Gift To Future Foreclosees To Rise To $15,000 (bloomberg.com)
Mortgages: Now You Can Find Out Who Owns Yours (cnbc.com)
Homebuyers Crash Into Appraisal Roadblock (minyanville.com)
Response to the "Market Failure" Drones (mises.org)
State of the Economy June 2009 (newgeography.com)
More Accountants Behaving Badly (nytimes.com)
PBS show coming soon: Breaking The Bank (pbs.org)
Wed Jun 10 2009
Hank Paulsen Is a Prick Who Took Down the Economy (alternet.org)
Fed to Hire PR Wizard to Fight Against HR 1207 (blacklistednews.com)
Eight Step Program to Improve Fed's Image (Mish)
Rising bond rates a concern but they're not too high yet (money.cnn.com)
Bloomberg's Government Bond Rates (bloomberg.com)
Maui's house sales kept plunging in May (starbulletin.com)
Maui house, condo resales plunge 40 percent (honoluluadvertiser.com)
Distressed property cuts other Calif. prices (lansner.freedomblogging.com)
East Bay tech jobs melting away (contracostatimes.com)
Beware Real Estate False Bottoms (fieldcheckgroup.com)
Not over by a long shot (theautomaticearth.blogspot.com)
Next foreclosure wave defaults on fixed-rate loans (lasvegassun.com)
Equity Since the Housing Bubble's Inception (theaffordablemortgagedepression.com)
Let's Bail Out Fools So They Can Do It Again (latimes.com)
Health-Care Change Won't Swell Deficit, Orszag Says (bloomberg.com)
This Old Healthy House (well.blogs.nytimes.com)
In reverse mortgages, benefits and pitfalls (heraldtribune.com)
A Crisis of Rhetorical Proportions (kybiz.com)
Minneapolis man accidentally boarded in his house (startribune.com)
Toll Brothers destroying the land (youtube.com)
Thank You Kha L. ($10) for your kind donation.
Tue Jun 9 2009
Costly San Francisco area neighborhoods seeing biggest price cuts (sfgate.com)
Key West High End Real Estate Equity Vanishes (rocktrueblood.blogspot.com)
Increasing Numbers of Houseowners Withholding Mortgage Payments? (rismedia.com)
Owner Of Upscale San Deigo W Hotel Walks Away From Mortgage (dailybail.com)
Housing Recovery: Not So Fast (businessweek.com)
It won't stop where you would like it to (theautomaticearth.blogspot.com)
House Prices Likely To Crash Through Fair Value (businessinsider.com)
Parents Pulling Plug On Trust-Funders (nytimes.com)
Good News Of Rising Rates Completely Ignored By Yahoo News (finance.yahoo.com)
The Committee to Reinflate the Bubble Owns Your Senator (nrd.nationalreview.com)
Renting Is Not Throwing Money Away (messymatters.com)
Amazing Debt Graph (cotohousingblog.com)
Taxpayers gift of cash at closing to future foreclosees (latimes.com)
Thought Experiment: Governing by Prediction Markets (miller-mccune.com)
Rewriting The Oil Stock Story (newgeography.com)
Vehicle fraud cases "heat up" amid economic downturn (latimes.com)
The Learjet repo man (salon.com)
Realtor Meets Reality (images.ucomics.com)
Mon Jun 8 2009
Why House Prices May Keep Falling - Shiller (nytimes.com)
Coming: A 3rd wave of foreclosures (articles.moneycentral.msn.com)
Foreclosure: Now an Upscale Blight (businessweek.com)
How much underwater could you live with? (housing-kaboom.blogspot.com)
Big Isle, Kauai house prices drop (honoluluadvertiser.com)
How To Balance The California Budget (Mish)
Real estate roller coaster in Canada (financialpost.com)
House Prices: Sellers Need to Lower Expectations (cnbc.com)
The Economy Is Still at the Brink (nytimes.com)
If you cashed out all your equity, do you deserve help? (mortgage.freedomblogging.com)
Number of problem US banks soars (news.bbc.co.uk)
Bank "Profits" From Accounting Changes Mask Looming Loan Losses (bloomberg.com)
One owner's tale of mortgage-modification hell (marketwatch.com)
Can science reinvent the economy? (newscientist.com)
Fed hiring veteran lobbyist to keep secrecy (reuters.com)
Housing bubble caused Great Depression, too (bellinghamherald.com)
World economy is doing worse than during Great Depression? (voxeu.org)
Chase Mortgage Ad From 2005 (businessinsider.com)
NAR Membership (patrick.net)
Fri Jun 5 2009
SEC charging ex-Countrywide CEO Mozilo with fraud (finance.yahoo.com)
Insider Trading - Mozilo, Angelo (note graph at top) (secform4.com)
Former escrow officer guilty of extensive fraud (sfgate.com)
Buffett Is Less Bullish on US Than You Think (bloomberg.com)
Mortgage Rates Touch New 2009 High (optionarmageddon.ml-implode.com)
The Fed Loses the Mortgage-Rate Battle? (minyanville.com)
Bernanke's Monkey See Monkey Don't Policy (Mish)
13 cities post unemployment higher than 15% (money.cnn.com)
Medical bills cause more bankruptcies than mortgages do (reuters.com)
FEMA May Use Foreclosed Houses As Shelters (wkrg.com)
California's Day of Reckoning: What to Cut (time.com)
What the Golden State's bleak future means for America (reason.com)
Geithner's Poor Judgement In Real Estate (patrick.net)
Pictures of Geithner House (zillow.com)
Global house prices: Bottom fishing (economist.com)
Present Depression To Be Deeper than Great Crash of 1929 (Charles Hugh Smith)
The Next Big Thing: Neomedievalism (foreignpolicy.com)
Thank You Anonymous in WI ($20) for your kind donation.
Thu Jun 4 2009
Geithner faces sluggish market, rents out NY house (google.com)
Germany Blasts 'Powers of the Fed' (online.wsj.com)
Audit the Federal Reserve: Support HR 1207 (ronpaul.com)
Bernanke Warns Deficits Threaten Financial Stability (bloomberg.com)
May house prices on Oahu down 15.3% (honoluluadvertiser.com)
Realtors Lie About House For Sale (patrick.net)
Laid off? You'll likely never make as much (idahostatesman.com)
How many houses do banks really own? (lasvegassun.com)
333,000 LA County houseowners getting property tax reductions (latimes.com)
What we can learn from the last housing crash (moneyweek.com)
Loan-Shark Lenders Have Date With Hangman (bloomberg.com)
Suicide Loans With 0% Down: Now Sponsored By Government! (businessweek.com)
How Wall Street Fleeced Millions from Wisconsin Schools (alternet.org)
Public employee pension data must be open (contracostatimes.com)
Economist details health care system's waste (sfgate.com)
Open-house thefts like a tale out of Dickens (thestar.com)
What is Deflation? (wilsoncountynews.com)
Not a worry in the world (theautomaticearth.blogspot.com)
How Stevie the Rat bankrupted GM (mwcnews.net)
Fox New Credibility Drops Below Zero (news.gaurc.us)
Wed Jun 3 2009
Geithner Laughed at in China (optionarmageddon.ml-implode.com)
Former Chinese Central Bank Advisor Calls Fed Assets Rubbish (Mish)
Geithner backs strong dlr, says China's assets safe (reuters.com)
Banks Try to Block Regulation (seekingalpha.com)
Next Big Drop In Prices As DEBT Becomes 4 Letter Word (rocktrueblood.blogspot.com)
What's Wrong With Florida and California? (business.theatlantic.com)
Hawaii late paying off mortgages (starbulletin.com)
The Scary Math Behind the GM Taxpayer Bailout (watchingmarcitz.com)
FBI targets fraud in TARP, stimulus fund (finance.yahoo.com)
SD Fire Chief Retiring To Get $10,300 A Month For Life From You (10news.com)
Retirees' income dried up when foolish mortgage investments crashed (lvrj.com)
Let's Do the Time Warp Again (debtdeflation.com)
The Largest US Bankruptcies (finance.yahoo.com)
Foreclosures: No End in Sight (nytimes.com)
'No Problem' Mindset: Guaranteed Destruction (lewrockwell.com)
Federal Reserve "Puzzled" By Inflation Expectation After Debasing Dollar (reuters.com)
If Obama doesn't Spend... We Crash! (caps.fool.com)
Realtor threw wild party in luxury house while the owners in Spain (dailymail.co.uk)
Top Twelve Indicators Economy Is Bad (smalltalkwitht.blogspot.com)
Tue Jun 2 2009
Alt-A loans: Second wave of foreclosures ahead (pressdemocrat.com)
Reset Chart from Credit Suisse has a Major Error (healdsburgbubble.blogspot.com)
Hedge Funds Take Aim At FL Real Estate (tbo.com)
Foreclosures add to hurricane hazards (breitbart.com)
From the subprime to the terrigenous (lvrg.org.au)
To Get a Systemic Risk Regulator, Fire Bernanke (tpmcafe.talkingpointsmemo.com)
Chinas Yu Says US Shouldn't Be Complacent About Treasuries (bloomberg.com)
Dollar Weakens as Reports Spur Higher-Yielding Asset Demand (bloomberg.com)
Reagan Did It (nytimes.com)
The summer-house real estate market has cratered. Hallelujah! (slate.com)
Saudi's Central Bank Freezes Billionaire Al-Sanea's Accounts (allheadlinenews.com)
A Primer on the G.M. Bankruptcy (nytimes.com)
GM: Its rise, fall and future (telegraph.co.uk)
SF retirees' solid-golden years (sfgate.com)
Ask Elliemae - Nursing Home Answers (patrick.net)
Worst Slide Story (newsday.com)
Worst-Case Scenario (westword.com)
Thank You Rob M. ($10) for your kind donation.
Mon Jun 1 2009
After crash, has twilight come to the Sun Belt? (news.yahoo.com)
Planning Perfect Escape From Underwater House (patrick.net)
Mortgage Meltdown, More Pain To Come (Mish)
Troubled Bank Loans Hit a Record High (nytimes.com)
Lessons from Japans Financial Crisis (piggington.com)
No Rest for the Economy's Wicked Parties (seekingalpha.com)
Firms With Ties to Banks Can Work Both Sides of Rescue (washingtonindependent.com)
The Reliable Money Supply Spigots (dailyreckoning.com)
Leap in US debt hits taxpayers with 12% more red ink (usatoday.com)
Zoellick Warns Stimulus "Sugar High" Won't Stem Unemployment (bloomberg.com)
Why We Are Not In For A "Recovery" (thebarricadeblog.com)
The world economy: Drowning, not waving? (economist.com)
Starbucks Pushing Landlords for 25% Cut in Cafe Rents (bloomberg.com)
Commercial Real Estate, The Economy's Anvil (time.com)
It's "Prime" Time In Foreclosures (cnbc.com)
Foreclosure wave sweeps up those with good credit (contracostatimes.com)
Feds Probing Possible Oil Market Manipulation - Oh Wait! (dvorak.org)
Dubai Property Scandal Claim Emerges Amid Media Blackout (huffingtonpost.com)
Uninsured face avalanche of health costs (reuters.com)
How Our Economy Got Messed Up (aruljohn.com)
Thank You Maria B. ($5) for your kind donation.
Fri May 29 2009
Mortgage delinquencies hit record in first quarter (latimes.com)
About 12% of US houseowners late paying or foreclosed (news.yahoo.com)
Mortgage Delinquencies, Foreclosures, Rates Increase (bloomberg.com)
More Houseowners Facing Foreclosure (nytimes.com)
Some redefault rates may reach 75% (online.wsj.com)
Nevada's 31 percent home price drop tops nation (lasvegassun.com)
Renting may be one smart financial move (money.cnn.com)
Do We Really Need to Own? (writ.news.findlaw.com)
Mortgage Market Locks Up (Mish)
The $4 trillion housing headache (money.cnn.com)
Buffett Aide Says Housing, Economy Are Not Near Recovery (bloomberg.com)
China Now in Firm Control of US Debt Markets (seekingalpha.com)
Very soon America's largest creditor will be... America (seekingalpha.com)
Financial ingenuity, otherwise known as fraud (blogofsandiego.com)
Buying A House (iwillteachyoutoberich.com)
Greenlight's Einhorn shorting Moody's (reuters.com)
When Brokers Behave Badly (sfgate.com)
Ten Principles For Avoiding Black Swan Events (PDF - fooledbyrandomness.com)
Thu May 28 2009
Mass. house sales, prices fall in April (boston.com)
Manhattan Awash in Office Space; Residential Gridlock in California (Mish)
More record house price declines (themessthatgreenspanmade.blogspot.com)
Is the bottom near for housing market? (marketplace.publicradio.org)
US House Sales Remain Sluggish as Supply Soars (nytimes.com)
Housing Is Not Just Bad, It's Getting Worse (247wallst.com)
The Next Leg Down Will be Worse (marketoracle.co.uk)
High-End Foreclosures Are Next (cnbc.com)
Out of the Ashes Rises ... Another Bubble (business.theatlantic.com)
Vultures in the desert (macleans.ca)
Barney Frank in 2005: What Housing Bubble? (optionarmageddon)
Fannie & Freddie Down a Rabbit Hole (patrick.net)
FDIC Fund Running Dry (finance.yahoo.com)
US Economic Damage Assessment (economist.com)
Inflation/deflation debate (cij.inspiriting.com)
US Inflation to Approach Zimbabwe Level, Faber Says (bloomberg.com)
Money, Financial Collapse, and Energy (theoildrum.com)
The Case for Working With Your Hands (nytimes.com)
Citibank to Fund Crusades (thewashingtonroast.com)
Thank You Miguel P. ($20) for your kind donation.
Wed May 27 2009
US house prices improve for buyers by record 19.1% (latimes.com)
House prices 20% better (finance.yahoo.com)
House Prices 32% Cheaper Than Peak (optionarmageddon.ml-implode.com)
Signs Of Even Better Prices Ahead For Housing Buyers (sfgate.com)
House Prices in 20 US Cities Get More Affordable Than Forecast (bloomberg.com)
House Prices Descend Into The Bargain Basement (online.wsj.com)
Is Your House A Good Investment? (online.wsj.com)
Housing Market Being Washed By a New Wave of Foreclosures (cnbc.com)
Financial Advice for Recent Graduates (nytimes.com)
Budget crises swamp state after state (msnbc.msn.com)
How California's Tax Revenue Is Squandered (myprops.org)
China warns Federal Reserve over 'printing money' (telegraph.co.uk)
US bonds sale faces market resistance (telegraph.co.uk)
Posner and Greenspan face off (meganmcardle.theatlantic.com)
Why We Should Listen to Peter Schiff's Realistic News (time.com)
Neighbors buy, share items to cut costs (baltimoresun.com)
Artificially high house prices benefit Wall Street (theautomaticearth.blogspot.com)
BEHOLD! Zillow's $89,500 Mobile McMansion! (patrick.net)
Thank You You Walk Away ($100) for your kind donation.
Tue May 26 2009
Job Losses Push Safer Mortgages to Foreclosure (nytimes.com)
US Jobless Rate Likely to Pass Europe's (nytimes.com)
Housing Bust Leaves Most Sellers at a Loss (washingtonpost.com)
Only 30% of foreclosures currently on the market nationwide (features.csmonitor.com)
Recession suddenly humbles high-tech sector (finance.yahoo.com)
Is Living in a High-End Suburb Worth It? (businessweek.com)
Still Overpriced By $200,000 In Capitola, CA (patrick.net)
Down 30% to 52% in Miami (miamiherald.com)
Have I got a skyscraper for you (msnbc.msn.com)
California: State of Paralysis (nytimes.com)
House price increases merely transfer wealth from the young to the old (theherald.co.uk)
Fed's Vice Chairman Admits Fed Has No Exit Strategy (Mish)
Dalls Fed President: Don't Monetize the Debt (online.wsj.com)
Geithner Vows to Cut US Deficit on Fear of US Government Default (bloomberg.com)
Inflation Could Be Coming To A Dollar Near You (cbsnews.com)
Bush's "Hope for Homeowners" a failure by virtually every metric (propublica.org)
Austrian Business-Cycle Theory (mises.org)
Hell and the Credit-Card Lobby (slacktivist.typepad.com)
The MBA vs The Crazy Old Witch (dilbert.com)
Thank You Ari T. ($8) for your kind donation.
Mon May 25 2009
Have a good Memorial Day. News links back tomorrow.
Fri May 22 2009
San Francisco median price loss of $444,800 largest in US by far (newgeography.com)
San Francisco House Prices Fall 41% on Foreclosures (bloomberg.com)
O.C. buyers shun adjustable mortgages, finally (lansner.freedomblogging.com)
If you knew your neighbor's taxes, you'd repeal Prop 13 (freshsupercool.com)
Housing Recovery May Take More Than 10 Years (blog.youwalkaway.com)
Tenants Protected If Landlord In Foreclosure (tenantsforeclosure.blogspot.com)
More Americans consider buying foreclosures (marketwatch.com)
First Time House Buyer Program Ripe for Abuse (washingtonindependent.com)
Program to suck in future foreclosees with no downpayment still on (azcentral.com)
Thomas Sowell on government policies and housing crisis (reason.com)
Poor Will Always Be With Us, But Not At Ballot Box (miller-mccune.com)
The Toxic Asset Base May Have Little Future Value (web.me.com)
Rep. Brad Sherman: Recycling TARP Funds Is Illegal (dailybail.com)
Momentum Builds For Ron Paul's Fed Transparency Act (businessinsider.com)
Treasurys drop on worries over England government debt downgrade (google.com)
Inflation risks higher than many think, said Philly Fed (marketwatch.com)
Is Nationalized Health Coverage the Way to Go? (pbs.org)
Elite London Neighborhood Eviction Fight (bloomberg.com)
Spanish American Gold and Prices in Spain, 1501-1650 (eh.net)
Thank You Cudick A. ($50) for your kind donation.
Thu May 21 2009
House Price Drops Leave More Underwater (finance.yahoo.com)
Activist Financier 'Terrorizes' Bankers in Foreclosure Fight (online.wsj.com)
Walk Away or Keep Paying? (patrick.net)
Loan reset threat looms till 2012 (mortgage.freedomblogging.com)
Something Not Adding Up on Option-ARMs (healdsburgbubble.blogspot.com)
Housing Won't Lead Recovery: Inventories, prices still too high (marketwatch.com)
FBI sets up mortgage fraud team, uses wiretaps (reuters.com)
Bad Guys of Subprime Lending Raking in Bailout Billions (alternet.org)
US May Transfer Powers from SEC to Fed (bloomberg.com)
Fed's economic forecast worsens (money.cnn.com)
Low Financial Stress Down on the Farm (dtnprogressivefarmer.com)
Lehman Brothers disappeared with Hank Paulson's reputation (newsweek.com)
Too many among us have too much debt (theautomaticearth.blogspot.com)
Budget Scolds Shouldn't Shout Down Health Reform (washingtonpost.com)
Only True Barometer of Economy: Bartenders (examiner.com)
I hear you have an MBA (dilbert.com)
Thank You You Walk Away ($100) for your kind donation.
Wed May 20 2009
Southern California house prices down 51% from 2007 peak, falling (latimes.com)
San Francisco price declines accelerating (sfgate.com)
Hamptons Houses Drop Most Since Records Kept (bloomberg.com)
Condo associations dying as fees dry up (tampabay.com)
Housing Starts May Have a Way to Fall (norris.blogs.nytimes.com)
Government Punishing Responsible People (patrick.net)
Wary of U.S. debt, China shifts gears on investment (reuters.com)
The Destructive Implications of the Bailout (hussmanfunds.com)
Obama's Magic Bubble Deflator (mises.org)
Audit the Fed, Then End It (rocktrueblood.blogspot.com)
The Truth: Debt Means Financial Death (thelastgoodidea.blogspot.com)
Banks "can't find anyone with authority" to talk to foreclosees (dailybusinessreview)
2 Firms Accused of Deceiving Consumers Seeking Debt Relief (nytimes.com)
Is Buying a House Catching Falling Knife or Inflation Hedge? (Charles Hugh Smith)
Obama for Single-Payer Before He Was Against It (healthcare-now.org)
Credit Crunch Game (bbc.co.uk)
It Is Time For Vermont To Secede (ashizashiz.blogspot.com)
Mon May 18 2009
More high-end properties sitting on the market (sfgate.com)
Multimillion Dollar House Price Cuts (finance.yahoo.com)
No sign of foreclosures slowing (nctimes.com)
Silicon Valley Foreclosures To Accelerate (viewfromsiliconvalley.com)
Las Vegas house prices plummet toward ZIP (lasvegassun.com)
Mass auctions of foreclosed houses not as successful as billed (tampabay.com)
Deep Property Depreciation Still Ahead (seekingalpha.com)
States like California, Arizona and Florida still have far to fall (businesswire.com)
Worst Is Yet To Come (finance.yahoo.com)
Personal Credit Crisis Of NY Times Economics Reporter (nytimes.com)
Who, Me? Yes You, Greenspan! (lewrockwell.com)
$8000 tax credit not actually for downpayment (boston.com)
Real Estate Developer Sues Banks That Loaned It Money (businessinsider.com)
Mortgage modifications make housing dead asset class for years (fieldcheckgroup.com)
TARP is a "sham" and a ripoff to taxpayers (huffingtonpost.com)
99 Years in Prison for Mortgage Fraud. Not a Typo (nationalmortgagenews.com)
America Forgot Lessons It Taught China (nytimes.com)
China's yuan 'set to usurp US dollar' as world reserve currency (telegraph.co.uk)
Anatomy of an economic meltdown (sfgate.com)
Jeff Walser, FDIC Economist, Charged With Attempted Bank Robbery (huffingtonpost.com)
Fri May 15 2009
Menlo Park Real Estate In Distress (patrick.net)
Suburban Housing Markets Are Unsustainable (seekingalpha.com)
Most US houseowners still disconnected from reality (reuters.com)
Decoupling From Reality (jameshowardkunstler.typepad.com)
The Problem with Debt: Leverage (finance.yahoo.com)
Foreclose and Work the System (blog.youwalkaway.com)
Commercial Rents Crashing in London to 1991 Prices (bloomberg.com)
Small-business credit card rates increase (jan.freedomblogging.com)
Cities to be beautified by shutdown of auto dealerships (latimes.com)
On the road with the Airpod air-powered car (guardian.co.uk)
SEC recommends civil fraud charges against Mozilo of Countrywide (latimes.com)
Government Underestimates Fannie, Freddie Money Pits (seekingalpha.com)
California treasurer requests TARP help (marketwatch.com)
Barney Frank is a Genius -- Not (freedompatrol.blogspot.com)
Economic-Stimulus Cash Is Moving Slowly (online.wsj.com)
NAR Shovels Shit To The Press (nypost.com)
Geithner enriches speculators in "sham" bank bail-outs (telegraph.co.uk)
Author Thomas Woods talking about the Fed (booktv.org)
Thu May 14 2009
Will Renting Be The Undoing Of House Prices? (247wallst.com)
About The Banks: Bill Black Unleashed (optionarmageddon.ml-implode.com)
US Median House Price Declines 14% (online.wsj.com)
US April foreclosures up 32pc (stuff.co.nz)
Good deals in bad neighborhoods near San Francisco (homelistingsmap.com)
Can Health Insurers Be Cost-Cutters? (nytimes.com)
Bernie Madoff, Agent Of Karma (patrick.net)
Pelosi's Son Worked For Countrywide (nalert.blogspot.com)
Prepayment Penalties Promoted Subprime Lending (seekingalpha.com)
Tax Credit as Mortgage Down Payment - Ugh (forexhound.com)
Freddie seeks $6.1B more sweet taxpayer cash after $9.9B loss (seattletimes)
H.R. 1207: Ron Paul's Federal Reserve Transparency Act of 2009 (govtrack.us)
The Real Housing Crisis Has Yet to Begin (minyanville.com)
Worries growing about commercial real estate (msnbc.msn.com)
Wall Street Falls Sharply on Drop in Retail Sales (nytimes.com)
How we can escape this mess (kansascw.com)
Time To File Class Action Suit On Behalf Of ALL OF US! (ashizashiz.blogspot.com)
Thank You You Walk Away ($120) for your kind donation.
Wed May 13 2009
The Madoff Affair (pbs.org)
House Prices in US Drop Most on Record in Quarter (bloomberg.com)
San Diego house prices drop at quick pace (signonsandiego.com)
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