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Tue May 6 2008
Rents Falling Along With House Prices (cbs4.com)
Rent-free defaulted houseowners keep economy going (californiahousingforecast)
East Palo Alto House Price Rolled Back to 1999 (sanmateore.dreamhosters.com)
Simple Economics (patrick.net)
Emblem of OC's house market now a short sale (lansner.freedomblogging.com)
Is Pessimism Extreme Enough to Mark Housing Bottom? No. (Charles Hugh Smith)
The worst is not over (bloomberg.com)
Historic credit crunch still worsening despite Fed's inflation orgy (marketwatch.com)
Warren Buffett at annual Berkshire meeting: Think small (money.cnn.com)
Buffett Castigates Wall Street on Mortgage Disaster (bloomberg.com)
Why Did the Mortgage Market Go Out of Control? (seekingalpha.com)
FBI Mortgage Fraud Investigation "Overlooks" Fannie Mae and Federal Reserve (nytimes.com)
In Need of Serious Repair: U.S. Mortgage Finance (seekingalpha.com)
BofA may lower Countrywide bid to $2/share or below (marketwatch.com)
BofA may renegotiate deal to buy Countrywide (news.yahoo.com)
Bank of America should completely walk away from Countrywide (bloomberg.com)
Housebuyers seek less space, more features (tradingmarkets.com)
Mon May 5 2008
Housing crash creates more winners than losers (fool.co.uk)
Homeowner No More (patrick.net)
Hooray! House prices are falling again (independent.co.uk)
Builders' pricing at 2002 levels (lansner.freedomblogging.com)
How Low Will Real Estate Go? (promo.realestate.yahoo.com)
Much Blood-Letting to Come (moneymorning.com)
Rebuttal To Housing Bottom Call (Mish)
No Buyers, No Bidders (blog.washingtonpost.com)
English house prices sliding 500 pounds a week (guardian.co.uk)
It will take till 2011 for housing to stop falling (modbee.com)
Robert Shiller (biz.yahoo.com)
Pimco star says Fed was too late (lansner.freedomblogging.com)
Fast and Easy Fannie (seekingalpha.com)
Asia Getting Fed Up With Bernanke's Rate Cuts (bloomberg.com)
Ben's bind (economist.com)
Fed "Rogue Operation" Spurs Further Bailout Calls (bloomberg.com)
Greenspan Caused the Current Economic Crisis (currencytrading.net)
It's Newer Houses That Stand Empty (nytimes.com)
Cleaning House (tnr.com)
Best Loan Rate? Don't Bank On It (online.wsj.com)
Thank you, anonymous ($25) and Mark B. ($25) for your kind donations.
Fri May 2 2008
The Fed and you: don't bet on cheaper mortgages (schwabinsights.com)
Fed running out of room (nypost.com)
Arab States May Drop Fixed Dollar Exchange Rates (bloomberg.com)
Fed Rate Cuts Won't Stop Housing Plunge (bloomberg.com)
Is The Bottom Really In? No! (Charles Hugh Smith)
Another Full Year Of Housing Pain? (online.wsj.com)
No Assets? No Problem. Crap loans continue. (forbes.com)
FED Up (fedupusa.org)
Discounted Houses, Going, Going (promo.realestate.yahoo.com)
12 Observations on Residential Housing (seekingalpha.com)
House Rabies (oxfordamericanmag.com)
Desperate house sellers start swapping (9news.com)
Baseball star Canseco loses house to foreclosure (news.yahoo.com)
Santa Barbara Bubble Coffee Klatch (sbhousingbubble.blogspot.com)
Thank you, Repo4Sale ($8), for your kind donations.
Thu May 1 2008
High cost of houseownership argues for RENTAL aid! (marketwatch.com)
Can't Keep Home Prices from Falling (seekingalpha.com)
Jumbo Mortgage Was Supposed to Get Easier (nytimes.com)
Unstoppable Credit Contraction (Mish)
Case-Shiller House-Price Index Fell 12.7% (bloomberg.com)
Huge falls in US property prices (independent.co.uk)
A Comparison of U.S. House Prices (homeguide123.com)
How much house can you afford? Are you sure? (mrmortgage.ml-implode.com)
Disappearing now: $6 trillion in housing wealth (latimesblogs.latimes.com)
Is the Fed Bankrupting America? (seekingalpha.com)
The Fed's Financial Bailouts Will Rob Americans of Their Future (naturalnews.com)
Is Bernanke Worse Than Greenspan? (usnews.com)
Stop Begging Ben for Help Cooking Banks' Books (bloomberg.com)
Credit Card Debt Soars to Unprecedented Heights (blacklistednews.com)
The Dollar Looks Ready to Rally (online.barrons.com)
Business partner held in San Ramon mortgage broker killing (sfgate.com)
Suburbs: The Next Slum? (theatlantic.com)
Thais Gawk As US Houseowners Walk (dealbreaker.com)
Houses Razed in Spain Stun Foreigners as Slump Deepens (bloomberg.com)
Thank you, Brian M. ($20) for your kind donation.
Wed Apr 30 2008
SF Bay Area house prices falling faster - down 17% in February (sfgate.com)
House prices decline in Los Angeles area among worst in U.S. (news.xinhuanet.com)
House prices plunge at faster pace in February (marketwatch.com)
House prices sink at record clip; foreclosures keep mounting (biz.yahoo.com)
Alt-A Mortgages May Head Underwater (bloomberg.com)
Foreclosure Numbers Double, California Yet to Hit Bottom (blogs.wsj.com)
Houses facing foreclosure more than doubled in Q1 (usatoday.com)
Houses facing foreclosure more than doubled in 1Q from 2007 (biz.yahoo.com)
Global famine? Blame the Fed (blacklistednews.com)
Case-Shiller Shows Steep Declines In House Prices (Mish)
House price index sinks at record clip in February (sfgate.com)
A bottom in housing? That's a big 'NO' (latimesblogs.latimes.com)
No brakes on housing prices (money.cnn.com)
Housebuilders Turning Into Small Caps After 67% Slump (bloomberg.com)
Must Government Inflate House Prices? (lewrockwell.com)
Consumer Confidence Slips as House Prices Drop (nytimes.com)
Heading For Disaster (youtube.com)
Thank you, Martin S. ($15) and Charles H. ($25) for your kind donations.
Tue Apr 29 2008
18.6 million houses empty because prices still too high (bloomberg.com)
Why Not Let Markets Set Prices? (europac.net)
Foreclosed properties going for much less (signonsandiego.com)
House Sales, Inventory Chart (seekingalpha.com)
Loan Industry Fighting Rules on Mortgages (nytimes.com)
Inflated Appraisals May Become a Crime of the Past (efinancedirectory.com)
Real estate guru may go to prision (denverpost.com)
Builders say whatever gets them money (patrick.net)
So many scams, so few watchdogs (tampabay.com)
Rising Property Taxes Pinch Houseowners (finance.yahoo.com)
Good credit, bad loans (money.cnn.com)
A 27-year-old ponders walking away (latimesblogs.latimes.com)
Bringing a check to the table (patrick.net)
'Tax rebate' checks: short-term benefits, long-term troubles (csmonitor.com)
Buffett says recession may be worse than feared (news.yahoo.com)
Expensive houses starting to show weakness (nctimes.com)
Mortgage crisis hits prime borrowers in NH (unionleader.com)
More on Catching the Bottom in Housing (Charles Hugh Smith)
Middle class taps nest eggs to keep overpriced houses (reuters.com)
Dollar's fall forces new standard of frugality (sfgate.com)
Thank you, Kelly P. ($10), Jacob G. ($15) and Jim O. ($30) for your kind donations.
Mon Apr 28 2008
The Brighter Side of Housing: LOWER PRICES (online.wsj.com)
Housing Market is Nowhere Near Bottom (huffingtonpost.com)
CA Median House Prices Down 29% In March (Mish)
Foreclosures in Mountain View and Gilroy (patrick.net)
Prices down 20% in Bangalore, India (business.timesonline.co.uk)
New Houses Turning Old as the Inventory Piles Up (nytimes.com)
Three Reasons Why Mortgage Bailout Is a Terrible Idea (homeguide123.com)
Fed rates down, Mortgage rates up (seekingalpha.com)
6.5 Million Foreclosures; Is There a Behavioral Problem? (seekingalpha.com)
Greenspan, Bush to blame for U.S. crisis (reuters.com)
"Financial" Crisis? (atlanticfreepress.com)
How the mortgage industry nurtured deceit (slate.com)
Privatized profits and socialized risk (nytimes.com)
Condo is Tower of Solitude (tampabay.com)
Prosecute the Mortgage Sharks (washingtonpost.com)
I wasn't wrong in '02, just early (ocregister.com)
Good-Bye, Cheap Oil. So Long, Suburbia? (businessweek.com)
Dealers see SUV glut as drivers trade in gas guzzlers (nytimes.com)
Scholar threatened for warning of housing bubble in Taipei (au.biz.yahoo.com)
'Estate agents' offer empty houses for squat (dailymail.co.uk)
Thank you, Truong T. ($20) for your kind donation.
Fri Apr 25 2008
Effort to Rein In Fannie, Freddie Gains Steam (washingtonpost.com)
Oppose the Mortgage Lender Bailout (angryrenter.com)
Trouble for the Dodd-Frank mortgage bailout plan (latimesblogs.latimes.com)
New House Sales And Recessions (calculatedrisk.com)
Inventory at 27-year high (latimesblogs.latimes.com)
Real Estate the Tip of the Iceberg (greatdepression2006.blogspot.com)
Huge Derivative Losses Upcoming? (blacklistednews.com)
The Feds' Subprime Suspect (businessweek.com)
Why the housing market is cyclical (bankrate.com)
Robert Shiller on America's 'Speculative Culture' (seekingalpha.com)
Interest rates rise in O.C. on safest mortgages (mortgage.freedomblogging.com)
Foreclosure Hits Even Connecticut's Wealthy (nytimes.com)
Subprime Country: A Nation Within a Nation (Charles Hugh Smith)
Loan crisis hits home (portlandtribune.com)
Beware the fine print in tax waiver law (sfgate.com)
Five signs of inflation (itulip.com)
The Choice: A house price crash or soaring inflation (telegraph.co.uk)
Lenders Swamped by Delinquent Mortgages (washingtonpost.com)
Alternative Script for NAR's Economist (seekingalpha.com)
Save 20-30% more - just wait! (losangeles.craigslist.org)
Thank you, Chris and Karen B. ($20), Sara R. ($25), and Dory B. ($30) for your kind donations.
Thu Apr 24 2008
Fed bank bailout totals $360 billion (money.cnn.com)
Bailout backlash (money.cnn.com)
BailoutWatch: I Can't Even Keep Up (voiceofsandiego.org)
How housing slump bites newspaper profits (lansner.freedomblogging.com)
GE's Immelt: Housing Great Depression (money.cnn.com)
Inflation, deflation, or both? (news.goldseek.com)
California Price Declines by County and City (dqnews.com)
The High End: Desirable Yes, Immune No (voiceofsandiego.org)
Banks holding tight on prices at fake foreclosure "auctions" (lvrj.com)
Real estate's new hidden market (csmonitor.com)
Housing Crash Contrarians Say Buy! But Who Buys That? (nuwireinvestor.com)
How Many People are Really Walking Away From Mortgages? (mybudget360.com)
Walking Away From Foreclosure Becoming Socially Acceptable (realtytrac.com)
Lower payments double interest paid (reportonbusiness.com)
Forclosure activity continues to climb (eastbayhousingbubble.blogspot.com)
Tidal wave of inventory yet to hit market (researchrecap.com)
Mortgage crisis has not really started yet (seekingalpha.com)
The Worst Is Not Over (washingtonpost.com)
Want to Know When Housing Has Bottomed? Here's How (Charles Hugh Smith)
Tommy Chong Doesn't Live Here (sbhousingbubble.blogspot.com)
Wed Apr 23 2008
Foreclosures soar in state, SF Bay Area (sfgate.com)
Foreclosures surge in California (centralvalleybusinesstimes.com)
California foreclosure surge 327% from '07 levels (latimesblogs.latimes.com)
3% of Housedebtors To Be In Foreclosure In Next Two Years (pewtrusts.org)
Prices tumbling in Florida's luxury market (reportonbusiness.com)
Excessive House Prices Cause Divorce (articles.moneycentral.msn.com)
Americans slaves to jobs to keep houses (economictimes.indiatimes.com)
Deflation In A Fiat Regime? (Mish)
Mortgage rescue plan will hurt more than it helps (money.cnn.com)
No help yet for most subprime borrowers (money.cnn.com)
Stuck with two mortgages (chicagobusiness.com)
Anatomy of a Collapse (nytimes.com)
Triple-A Failure (biz.yahoo.com)
Why Wall St. Needed Credit Default Swaps (seekingalpha.com)
Piling On: Borrowers Buried by Fees (nytimes.com)
If the public knew more, they wouldn't use realtors (news.com.au)
$200K per year, and still not "rich"? (sfgate.com)
Lenders Swamped by Delinquent Mortgages (washingtonpost.com)
The House-Burning Foreclosure Alternative (npr.org)
Roubini predicts 12 to 18 month recession (youtube.com)
Tue Apr 22 2008
Write Pelosi: We want lower prices and less debt! (patrick.net)
Concerns rising that Fannie and Freddie could need bailout (money.cnn.com)
SF Bay Area prices continue to fall (eastbayhousingbubble.blogspot.com)
Don't Catch A Falling Knife (patrick.net)
Graphs of CA Prices Crashing (patrick.net)
What Ails American Economy? Everything, and Worse to Come (nytimes.com)
The market's worst is yet to come (articles.moneycentral.msn.com)
Losing Patience With Collapsing Dollar (Mish)
Too many people own houses (tnr.com)
The Houseownership Ideologues (truthout.org)
Government deaf to simple plea: less debt! (patrick.net)
Condo buyers had a lot to beware of (floridatoday.com)
Condos with absolutely zero value (seekingalpha.com)
Starting over at 40 because of a foolish house purchase (money.cnn.com)
The End of Shopping (newsweek.com)
Falling San Diego house prices are a great thing (signonsandiego.com)
Florida luxury house market shows signs of wear (reuters.com)
Arson to avoid foreclosure? (latimes.com)
The new underground currency (startribune.com)
Mon Apr 21 2008
Tell Pelosi April 26: We want LOWER PRICES and LESS DEBT (capitolenews.com)
Housing: Time to Halt Taxpayer Subsidies (businessweek.com)
Libor rate jumps again, still not quite honest (marketwatch.com)
Fed hawks warn on inflation (reuters.com)
Ponzi Squared (norris.blogs.nytimes.com)
Subprime debt selling at 10-20 cents on the dollar (goldmau.com)
Lenders lock out new borrowers (independent.co.uk)
Bring back the Gold Standard? (optionarmageddon.blogspot.com)
Are 98% of the Henderson, NV area houses for sale in foreclosure? (patrick.net)
Chic, Urban, and Deserted in Vegas (lasvegassun.com)
The Orange County you won't see on fantasy TV (businessweek.com)
OC's high-rent districts suffer higher apartment vacancies (lansner.freedomblogging.com)
Foreclosed listings from Hollywood to Glendale (latimes.com)
Minnesota's new ghost towns (startribune.com)
Housing slide picks up speed in Chicago (chicagobusiness.com)
Housing sales tumble across Canada (reportonbusiness.com)
How I am Surviving the Sub-Prime Crisis (hubpages.com)
A seller triumphs in a bad micro-market's micro-bloodbath (sfgate.com)
Greenspan, Cheerleader for debt (from 2004) (bloomberg.com)
Gas, CPI, and Fraud (youtube.com)
Thank you, Roger W. ($50) and Repo4Sale ($9) for your kind donations.
Fri Apr 18 2008
San Francisco Area median price tumbles 16.1% (sfgate.com)
San Francisco area prices plunge (insidebayarea.com)
San Diego median price keeps falling (signonsandiego.com)
California house prices plummet 26 percent (sfgate.com)
Beach communities not immune from crash (lansner.freedomblogging.com)
Foreclosure future grim for Utahns (deseretnews.com)
Dallas foreclosures rise 40% (dallasnews.com)
Condo Glut In Florida (builderonline.com)
Why Russia should help America (english.pravda.ru)
Fannie and Freddie Are Risk to US Credit Rating (nalert.blogspot.com)
Be wary of federal housing "help" (wickedlocal.com)
Your House Is Worth Less? Good (from 2007) (time.com)
Bear Robbed By Insiders, Loss Paid By Taxpayers (badcyclopedia.com)
Speculator Nightmare as Losses Mount in England (bloomberg.com)
House Price Divided By Income, Over 20 Years (PDF - comstockfunds.com)
U.S. housing bust not so special (financialpost.com)
FBI sees surge in mortgage fraud investigations (sfgate.com)
1 Man, 1 Year: $3.7 Billion Payout (washingtonpost.com)
"Home buyers go wild over zero down" (from 2004) (eastbay.bizjournals.com)
Thank you, Chad W. ($10) for your kind donation.
Thu Apr 17 2008
Libor's accuracy questioned - Fraud? (theaustralian.news.com.au)
Fed causes inflation above 6% for 6 months running (patrick.net)
The Fed Undermines Democracy (robertreich.blogspot.com)
Fed Accepts Dodgy Collateral in Race to Bottom (bloomberg.com)
The Madness of Ben Bernanke (spiegel.de)
JPMorgan's Dimon Says Real Estate Is Getting Worse (bloomberg.com)
Appraisers say WaMu cut corners (businessvoip.tmcnet.com)
My Foreclosure (foreclosuremine.blogspot.com)
Walking Away: The Next Mortgage Crisis (Mish)
Now is not the best time to buy (patrick.net)
O'ahu rents dipped 1% last year (honoluluadvertiser.com)
Big Tax Breaks for Businesses in Housing Bill (nytimes.com)
The worst spring in San Diego's history! (californiahousingforecast.com)
San Diego median price keeps falling (signonsandiego.com)
Pace of O.C. foreclosures triples 90's slump (mortgage.freedomblogging.com)
CA Foreclosure news nobody reporting (mrmortgage.typepad.com)
Rate of foreclosures expected to get worse (usatoday.com)
Flashback to 2005: NAR States "Foreclosure Risk Minimal" (erica.biz)
"Who to Blame When the Next Bubble Bursts" - from 2003! (commondreams.org)
Thank you, Karen G. ($20), Eric C. ($15) and Cristian S. ($10) for your kind donations.
Wed Apr 16 2008
Foreclosures Jump 57% as Homedebtors WALK AWAY (bloomberg.com)
California Foreclosures Increase 20 Percent in March (kpbs.org)
Foreclosures continue to soar, worst is not over (msnbc.msn.com)
Foreclosure glut further depresses housing prices (latimes.com)
Foreclosures' grim rise reverses fortunes in city (palmbeachpost.com)
March's housing stats grim; no sign of foreclosure peak (modbee.com)
Houseowners get that drowning feeling (sfgate.com)
Why the next mortgage crisis may be worse (slate.com)
SoCal house prices fall to 2004 levels (latimesblogs.latimes.com)
House Sales, Prices Down In January (allheadlinenews.com)
Housing crisis yields 18.9-month supply of houses for sale (freep.com)
New buyers need a price crash (introducertoday.co.uk)
Borrowers Sober Up (seekingalpha.com)
As Greenspan's reputation sinks, Volcker's rises (msnbc.msn.com)
Wholesale prices soared in March: Thank The Fed (news.yahoo.com)
'Mr. No Bailout' getting noticed (kentucky.com)
Foreclosure Act Does Squat for Houseowners (thestreet.com)
Ron Paul Sees Bailout Writing on the Wall (usnews.com)
Angry Renter: Oppose the Mortgage Lender Housing Bailout (angryrenter.com)
Economists Debate Link Between War, Credit Crisis (washingtonpost.com)
Thank you, Sharon B. ($5) and Schahrzad B. ($25) for your kind donations.
Tue Apr 15 2008
Growing Majority Avoid Buying Houses (apnews.myway.com)
Mortgage Payments Worry Many (sfgate.com)
Many Homedebtors Can Walk Away With No Penalty (Mish)
Embracing shrinkage (money.cnn.com)
Las Vegas Forecast (patrick.net)
Foreclosures on Marco Island, FL (patrick.net)
National web of greed lured foolish buyers (news.bostonherald.com)
The Housing Bailout Backlash (usnews.com)
California Median: $373,000, Fannie Limit: $729,500. Make Sense? (mybudget360.com)
Letter To Senators (patrick.net)
At Wachovia, Pick-A-Pay Becomes Pick-A-Problem (money.cnn.com)
Fourth-largest US bank resorts to emergency fundraising (guardian.co.uk)
U.S. housing collapse spreads overseas (iht.com)
An Economy Built On Lies (lewrockwell.com)
Feeling cheated, houseowners sue Realtors (lvrj.com)
What Warren thinks investors should do (money.cnn.com)
Goldman Says "Awful" Profits Will Drag Down Stocks (bloomberg.com)
Auction Rate Collapse Creates 12% After-Tax (bloomberg.com)
House Price Crash Calculator (img.thisismoney.co.uk)
Thank you, Nancy M. ($10), Dennis M. ($25), John V. ($20), Dennis N. ($25), Rose ($50), Adam W. ($20) and Andre Q. ($10) for your kind donations.
Mon Apr 14 2008
Congress study: Housing aid wouldn't help economy (news.yahoo.com)
'Subprime Relief Plan' May Make a Bad Situation Worse (seekingalpha.com)
New loan changes bring no relief (sfgate.com)
Against a housing bailout: let the prices fall! (walletpop.com)
Shiller: Housing Will Continue to Fall (seekingalpha.com)
Pending sales index points to declines ahead (businessweek.com)
Terrified Fannie "warns" housedebtors who walk away (sfgate.com)
Inflation takes bite out of paychecks: Fed's Fault (idahostatesman.com)
Blunt former Fed chairman Volcker takes on Bernanke (theglobeandmail.com)
Sinking housing market maroons houseowners (insidebayarea.com)
A Tale of Two Coasts (seekingalpha.com)
Price boom redistributes wealth destructively (independent.co.uk)
No-down-payment mortgages are gone (marketwatch.com)
California Mortgage Rates Still High (mybudget360.com)
You Thought You Had an Equity Line (nytimes.com)
Did appraisers juice Florida real-estate market? (orlandosentinel.com)
The Meltdown Lowdown (prospect.org)
Jury Says Realtor Not to Blame for Purchase Price (voiceofsandiego.org)
Gold as an investment (en.wikipedia.org)
Is A House Really A Good Investment? (cosmos.bcst.yahoo.com)
Thank you, Doug D. ($9.99) and John K. ($10) for your kind donations.
Fri Apr 11 2008
The Bush Recession (visitorfromtomorrow.com)
Victims and villains (worldnetdaily.com)
Senate Agrees to Mortgage Bailout for Bankers and Builders (efinancedirectory.com)
Senate passes crappy foreclosure bill (politicalgateway.com)
Tax breaks, boondoggles mar efforts to help homedebtors (news.yahoo.com)
Anna Eshoo, Enemy Of Cheap Housing (patrick.net)
GSEs: The Tail Wagging the Credit Market Dog? (seekingalpha.com)
Housing Prices Closely Linked to Monetary Policy (seekingalpha.com)
Bank will "need" to cut interest rates further (telegraph.co.uk)
Failures of the Term Auction Facility (Mish)
Jury set to get case of unhappy Carlsbad homebuyers (nctimes.com)
Worst financial crisis since Depression, says IMF (guardian.co.uk)
Fence Sitters Will Be Sorry (voiceofsandiego.org)
Fraud Leads To 286 Foreclosures (10news.com)
Foreclosure crisis hits rental market (bankrate.com)
Cheapest Houses in the Bay Area (ibabuzz.com)
Foreclosures in Key West's Most Expensive Neighborhoods (keywestchronicle.blogspot.com)
Huizenprijs duikelt in Amsterdam (telegraaf.nl)
Thank you, Kiana T. ($5) and Ryan R. ($20) for your kind donations.
Thu Apr 10 2008
Lucrative Grim Repo Man (clubs.ccsu.edu)
Fed fears deep recession (thestar.com)
The Fed Is Terrified (Mish)
Fed mulls options in easing credit crunch (financialnews-us.com)
Fed Prepares for More Bank Failures In Wake of Housing Collapse (marketoracle.co.uk)
Denver house prices continue to plummet (denverpost.com)
Denver foreclosures (usatoday.com)
Housing-market joy spread to England (economist.com)
Lenders Giving Underwater Borrowers Cash for Keys (homeguide123.com)
Drop in house values brings dip in property taxes (modbee.com)
Economy Has Become a Drag on Silicon Valley (nytimes.com)
Are you upside down? (ocregister.com)
Real Estate: A Capital Trap for National Savings (Charles Hugh Smith)
Bob's tips on renting safely during the next few years (politicalgateway.com)
Ambac, MBIA Finally Get the Rating They Deserve (seekingalpha.com)
House committee backs additional theft of renter taxes (reuters.com)
Opposition to Proposed Houseowner Bailout Growing (npr.org)
The REO Life: Vandalism (youtube.com)
35 signs the market hasn't hit bottom (marketwatch.com)
Thank you, Robert S. ($25) for your kind donation.
Wed Apr 9 2008
Greenspan: Not My Fault (biz.yahoo.com)
Of course it's Greenspan's fault (iht.com)
Used-house sales falls to record low (biz.yahoo.com)
Credit crunch costs '$1 trillion' (news.bbc.co.uk)
IMF: Financial crisis costs will near $1 trillion (telegraph.co.uk)
Property Tax Delinquency In Central Valley (media.modbee.com)
Track the NAR's Spin and Lies (bp0.blogger.com)
Glut of Unsold Housing in Santa Clara County -- Proof (patrick.net)
Citigroup, Wells Fargo May Loan Less After Downgrades (bloomberg.com)
Congress' latest dumb idea to fix the housing crisis (slate.com)
White House says can't support Senate housing bill (reuters.com)
Hooverizing the Housing Bubble (patrick.net)
Roubini Now Says House Prices to Fall 30% (seekingalpha.com)
Ex-owners trash foreclosed houses before leaving (sun-sentinel.com)
UK House Prices Plunge Over the Cliff (marketoracle.co.uk)
Bigger Bubbles To Pop (greatdepression2006.blogspot.com)
Patrick is on NPR's "Morning Edition" (npr.org)
Thank you, William S. ($10), Duane F. ($10) and Mark M. ($5) for your kind donations.
Tue Apr 8 2008
Foreclosures come to McMansion country (news.yahoo.com)
How Many Foreclosures in Palo Alto, 1 or 74? (patrick.net)
Our housing-bubble hangover (articles.moneycentral.msn.com)
House is where the heartache lies (business.smh.com.au)
Today's Housing Market Is a Real Fixer-Upper (finance.yahoo.com)
Krugman: 40% or 50% declines (latimesblogs.latimes.com)
Stockton: Ghost Town USA (marketplace.publicradio.org)
Over the Top Fed Actions Feed Conspiracy Thinking (alternet.org)
Bear Stearns Customers Were Not at Risk (hussman.net)
Bernanke's solutions worse than the problem (informationclearinghouse.info)
Congress' proposals favor lenders and builders more than owners (buffalonews.com)
Credit bubble deregulation gone wild (seekingalpha.com)
Ex-insider tells how subprime lenders spun out of control (dallasnews.com)
Lenders could have verified borrower income with IRS (nytimes.com)
A closer look at the ARM reset problem (seekingalpha.com)
Mortgage lenders prepare for the worst (independent.co.uk)
A Society that Punishes Savers (mybudget360.com)
How to survive the Great Depression of 2008 - 2009 (politicalgateway.com)
The Experts Speak (images.salon.com)
Thank you, George K. ($5) for your kind donation.
Mon Apr 7 2008
Lenders retreat as housing market plummets (sfgate.com)
As standards tighten, borrowers face equity credit roadblock (projo.com)
Soros predicts end of the road for cheap borrowing (independent.co.uk)
Soros Says Deregulation Created Super-Bubble (bloomberg.com)
Biggest bond insurer loses AAA rating (bloomberg.com)
Stymied house sellers slashing prices (palmbeachpost.com)
Housing Bust Duration (calculatedrisk.blogspot.com)
Reverse Ripple Theory of Metropolitan Price Corrections (seekingalpha.com)
Bankruptcies Jump 30% in March, Led by Housing-Bust States (bloomberg.com)
Borrowers Default On Mortgage, Lenders Let Them Stay Free! (bloomberg.com)
Good time to buy? Only if you believe your own lies. (builderonline.com)
Don't shift mortgage burden to taxpayers (detnews.com)
The problem is unimaginably, indescribably big (jamaica-gleaner.com)
Across the Globe, Hints of More Perils in Housing (nytimes.com)
The Mortgage Bust Goes Global (nytimes.com)
Shallowness of pro-housing arguments (nytimes.com)
Market slump makes divorce more difficult (sfgate.com)
"Stated income" loans should be reported to IRS (market-ticker.denninger.net)
Housing and Ponzi Units (optionarmageddon.blogspot.com)
Two Wrongs Make A Wrong (great graphics!) (Mish)
Thank you, Elizabeth K. ($25), E. Lee F. ($10), Repo4Sale ($5), Jeff F. ($10),
Erin A. ($2), and Shilpi D. ($15) for your kind donations.
Fri Apr 4 2008
Hey, Fed: Stop robbing my savings! (marketwatch.com)
The great inflation cover-up (money.cnn.com)
Fed Officials Defend Bailout of Bear Stearns (nytimes.com)
Fed money is based on confidence (rfdoc.com)
In God We Better Trust (eyeonmiami.blogspot.com)
House Prices Around the Nation (efinancedirectory.com)
Soros Sees Additional Stock Market Declines (bloomberg.com)
Lenders refuse title on foreclosures, avoid taxes and maintenance (bigpicture.typepad.com)
An Insider's Look at the Subprime Mortgage Collapse (seekingalpha.com)
When leverage gets out control (iht.com)
Overdue Consumer Debts Highest Since 1992 (bloomberg.com)
Paulson Plan's Problems (theconglomerate.org)
Housing bill gives more to businesses (usatoday.com)
Washington's $4-billion land grab (latimes.com)
Unsold Homes Tie Down Would-Be Transplants (nytimes.com)
BayernLB profit slumps as write-downs reach $6.7 billion (marketwatch.com)
Bank Write-Downs: No End Yet (time.com)
Buying a New House Before Letting The Old Go Into Foreclosure (kathyneilsen.blogspot.com)
Woman Accused Of Burning House On Eve Of Foreclosure (wyff4.com)
Thank you, Ezra J. ($9), Derek B. ($20), Robert T. ($12.34), Kenneth S. ($10) and Robert C. ($1) for your kind donations.
Thu Apr 3 2008
The stealth bailout in the works for housebuilders (latimesblogs.latimes.com)
Buy now before we're charged with mortgage fraud! (patrick.net)
The Decline in Median House Prices Sets New Record (seekingalpha.com)
Housing Bust Puts the Squeeze On Retirement Plans (seekingalpha.com)
Keeping liquid in a house equity freeze (bankrate.com)
Manhattan Sales Decline Most in 18 Years (bloomberg.com)
Fed Mortgage Maps (newyorkfed.org)
Tell Government NOT To Bail Out Housing Borrowers and Lenders (congress.org)
Eight Steps to a Trillion-Dollar Meltdown (foreignpolicy.com)
$231 Billion in Writedowns And Counting (mybudget360.com)
Mortgage defaults force Denver exodus (usatoday.com)
How Not To Save Housing (washingtonpost.com)
Fannie Mae pretends to tighten rules for mortgages (biz.yahoo.com)
Mortgage Interest Deduction Helps Mostly The Rich (nytimes.com)
British scientists make human-cow hybrid (America already populated with same) (reuters.com)
Thank you, Marty M. ($1) for your kind donation.
Wed Apr 2 2008
Protest Federal Reserve Theft of Your Tax Dollars (patrick.net)
Chaos on Wall Street, explained (money.cnn.com)
What To Understand About the Bear Stearns Deal (hussmanfunds.com)
We no longer live in a constitutional republic (market-ticker.denninger.net)
UBS doubles sub-prime writedowns (news.bbc.co.uk)
Brace for $1 Trillion Writedown of Yertle the Turtle' Debt (bloomberg.com)
WaMu Alt-A Pool Deteriorates Further (Mish)
The Moral Hazard of Creditors (seekingalpha.com)
How Far Will House Prices Fall? (seekingalpha.com)
From $701,000 to $459,000 to $229,000 in less than 2 years (patrick.net)
House prices plunge in MA (salemnews.com)
Luxury condos in Oakland sell at a discount (sfgate.com)
Foreclosure Freeze in MN hits obstacle: The Governor (startribune.com)
Some houses worth less than their pipes (reuters.com)
Dumb Money (time.com)
The Road To Serfdom (michael-hudson.com)
Who owns you Americans? (youtube.com)
Hillside Whore (sbhousingbubble.blogspot.com)
Thank you, Kenneth R. ($100) for your kind donation.
Tue Apr 1 2008
Let the housing chips fall (latimes.com)
It's time to rein in the Fed (articles.moneycentral.msn.com)
German watchdog eyes $600 bln global bank losses (biz.yahoo.com)
More $$$ for Countrywide bigs (latimesblogs.latimes.com)
Subprime vets saw their industry, finances vanish in a flash (money.cnn.com)
HUD chief resigns during housing crisis (9news.com)
Manhattan Market Slows as Wall Street Cuts Jobs (bloomberg.com)
59% of Los Angles Houses for Sale Are Foreclosures (patrick.net)
No bids on 67 of 99 entries at real estate event (heraldtribune.com)
Pay Electric or Mortgage? (mothering.com)
Effort to Stop Bailout Plans Is Uphill Battle (dadtalk.typepad.com)
In Treasury Plan, a Reluctant Eye Over Wall Street (nytimes.com)
McCain Delivers In Housing Crisis Speech (cbsnews.com)
That 6% Is Getting Harder to Earn (nytimes.com)
A Nervous Wall St. Seems Unsure What's Next (nytimes.com)
JPMorgan memo shows dirty tricks of mortgage trade (usatoday.com)
Shrinking Prices, Rising Deliquencies (online.wsj.com)
Many Houseowners Insist on Inflated Prices (audio - npr.org)
Thank you, Laurence S. ($25), Jennifer R. ($20), Zina E. ($25), and M&M W. ($10) for your kind donations.
Mon Mar 31 2008
Real Estate Devastation Not Nearly Done (sandiegoreader.com)
House prices may not stop falling till 2010 (mcclatchydc.com)
Hawaii foreclosures 'slowly building' (honoluluadvertiser.com)
California Sale Prices by County and City (dqnews.com)
New rules not providing attractive 'jumbo' loan rates in Silicon Valley (mercurynews.com)
Spanish Property Market in Freefall (businessweek.com)
Struggling houseowners find little hope in federal program (mcclatchydc.com)
Angry Houseowners Wreak Havoc on Foreclosure Properties (blogs.wsj.com)
Sneaking In a Bank Bailout (tpmcafe.talkingpointsmemo.com)
Only 29 Percent of Americans Approve Mortgage Bailout (efinancedirectory.com)
Bloggers' lobby: Stopthehousingbailout.com (latimesblogs.latimes.com)
Former center of subprime boom struggles with bust (money.cnn.com)
Pink Slips in a Bloodbath (lewrockwell.com)
Houseowners Against Deficient Dwellings (patrick.net)
Bush to use tax money to guarantee foolish mortgages (msnbc.msn.com)
McCain and the mortgage bailout (csmonitor.com)
Who Needs the Mortgage-Interest Deduction? (old but good - nytimes.com)
Lessons From Japan's Malaise (washingtonpost.com)
For Americans, a Bit of the Swagger Is Gone (nytimes.com)
Federal Reserve Origins (youtube.com)
Treasury's Plan Would Give Fed Wide New Power (nytimes.com)
Thank you, Gary S. ($15), John C. ($25), Edward L. ($25), Jon M. ($25), Vu N.
($20), Mike H. ($4), Christine S. ($25), Michael S. ($10) and Joe W. ($100) for your kind donations.
Fri Mar 28 2008
US House Prices Down 15% (seekingalpha.com)
CA House prices down 26% in February (investorvillage.com)
U.S. Housing: The Big Picture by the Numbers (seekingalpha.com)
American house prices -- Grim realty (economist.com)
The Housing Market Is Not Making a Comeback (homeguide123.com)
Superbear says there's more to come (rgemonitor.com)
NAR Optimists Drubbed by their Own Dismal Data (seekingalpha.com)
Reconsidering the Deflation Risk (seekingalpha.com)
Banks Fail to Lower Mortgage Rates as Bernanke Cuts (bloomberg.com)
Thornburg: $1B Or Bust (forbes.com)
Taleb Outsells Greenspan as Black Swan Gives Worst Turbulence (bloomberg.com)
Floridians Forgo Beer, Take $200 Vacations as House Prices Fall (bloomberg.com)
House sellers more realistic (floridatoday.com)
Equity Loans as Next Round in Credit Crisis (nytimes.com)
Rising Credit Card Delinquencies (researchrecap.com)
Dear Citigroup Customer... (Mish)
Intuition tells me people are going mad (intuitiveblogger-intuition.blogspot.com)
Stop The Mortgage Bailout! (nationalbubble.com)
Letter to Bernanke (patrick.net)
Thank you, Jere M. ($10), and Kevin F. ($25) for your kind donations.
Thu Mar 27 2008
Protesters enter Bear Stearns building in New York (biz.yahoo.com)
Taxpayers May Be Liable From Bear, Mortgage Rescue (bloomberg.com)
Bear Stearns Sale to JPMorgan to Be Probed by Senate (bloomberg.com)
How Bear Stearns threatens the entire world financial system (rawstory.com)
Behind the Deal, the Hand of the Fed (nytimes.com)
Jim Rogers on Investment Bank Bail Outs (seekingalpha.com)
Fed Facing a 'Money Trap' (seekingalpha.com)
The Fed is Deflating: 10 Reasons Why (seekingalpha.com)
It's Not Going to Stop (voiceofsandiego.org)
Credit crunch 'at $1.2 trillion' (news.bbc.co.uk)
Credit losses tipped to hit $1.3 trillion (news.com.au)
If the bailout comes, watch for a dollar dive (uk.reuters.com)
New-Home Sales in U.S. Fall to Lowest in 13 Years (bloomberg.com)
House losers vs. buyers (dailynews.com)
Consumer Attitudes and Home Prices Sour (nytimes.com)
Owners Who Won't Cut the Price (nytimes.com)
How Counter-Productive Is NAR Spin? (seekingalpha.com)
Thank you, Alena L. ($25) for your kind donation.
Wed Mar 26 2008
US house prices slide 10.7 percent in major markets (news.yahoo.com)
Case-Shiller 10 City Index Worst Drop Since 1987 (mybudget360.com)
Santa Clara County Prices Fall 14.8% In One Year (housingtracker.net)
Median price of existing CA house fell 26.2% (signonsandiego.com)
House Price Drop Signals Tough Spring (sfgate.com)
Confidence Slides, House Prices Decline (bloomberg.com)
Price Patterns in California (patrick.net)
South FL market still bleak as prices and sales keep dropping (sun-sentinel.com)
Fed Creates New Rules For Itself (bloomberg.com)
Banks Hiding Desperation as US Housing Slump Continues (marketoracle.co.uk)
Wall Street May Face $460 Bln in Losses (bloomberg.com)
Our Financial House of Cards (mises.org)
History shows wide-ranging reasons for recessions (twincities.com)
FDIC to add workers to bank-failure division (msnbc.msn.com)
McCain Warns Against Hasty Mortgage Bailout (nytimes.com)
NAR Existing Home Sales Report Bogus Headline (seekingalpha.com)
February Existing Home Sales Fell 23.8% (seekingalpha.com)
Bond funds run into trouble (sfgate.com)
Investors rode housing boom, now many going bust (signonsandiego.com)
patrick.net gets record 53,000 readers on Monday (patrick.net)
Tue Mar 25 2008
Letter To Bernanke in WSJ (bp1.blogger.com)
Great Letter to Bernanke in WSJ (wcvarones.blogspot.com)
Fed To Destroy Dollar Buying Up McMansions (bloomberg.com)
Open Letter To All Truckers (Mish)
Fed subsidising biggest, most powerful investment banks (guardian.co.uk)
Will Citibank Survive? (marketoracle.co.uk)
Why is Bear Stearns Trading at $6 Instead of $2? (hussman.net)
JPMorgan Raised Bear Stearns Bid (nytimes.com)
Now Is It a Bailout? (blogs.wsj.com)
Housing Crash Unaffected By Fed Actions (seekingalpha.com)
Resales Probably Fell as Prices Slid, Credit Shrank (bloomberg.com)
Meltdown Not Over Yet (jameshowardkunstler.typepad.com)
Debt crisis nothing new (edmontonsun.com)
Pay day loans exacerbate housing crisis (reuters.com)
Appraisers: Pressure to inflate inflates (myrecordjournal.com)
Auctions prove prices far lower than Zillow says (happyinvestor.wordpress.com)
Massachusetts Prices Falling (boston.com)
Real estate slump hitting Santa Cruz hard (santacruzsentinel.com)
The inevitable collapse of the dollar (youtube.com)
Mon Mar 24 2008
Articles of Impeachment? Bear Stearns Buyout Illegal? (market-ticker.denninger.net)
Glut of Unsold Housing in Santa Clara County (patrick.net)
Napa County foreclosure data (napavalleyregister.com)
The Impact of AU Technology on Subprime Lending (lendingsanity.com)
Leery Lenders Demand More From Borrowers (biz.yahoo.com)
Insurers deal new blow to house buyers (miamiherald.com)
When media coverage, industry interests clash (inman.com)
NAR Propaganda (optionarmageddon.blogspot.com)
Signs of Trouble (nytimes.com)
Can U.S. avert a Japan-style economic bust? (csmonitor.com)
Is the US economy heading for a collapse? (rediff.com)
In the Fed's Cross Hairs: Exotic Game (nytimes.com)
Fed's bold moves: Band-Aid or breakthrough? (sfgate.com)
Banks Plot Public Bailout (roguegovernment.com)
It's Hard to Thaw a Frozen Market (nytimes.com)
It's High Time to Re-Regulate Banking (spiegel.de)
The Financial System: What went wrong (economist.com)
Why We Borrow Until It Hurts (washingtonpost.com)
The Financial Centipede: Waiting for the Next 99 Shoes to Drop (Charles Hugh Smith)
Fri Mar 21 2008
Wells Fargo Fixed Jumbo Rate Hits 8.0% (wellsfargo.com)
Why the Fed's Bailout Won't Work (robertreich.blogspot.com)
Bernanke's own house down $260K (latimesblogs.latimes.com)
Dollar Overnight Rate Soars; Fed Move Signals Crisis (bloomberg.com)
California Leads U.S. in Defaults, Price Decline (bloomberg.com)
The Great Unwind has started, avoid leverage (marketwatch.com)
Massive amount of deleveraging going on (bloomberg.com)
Bear Stearns big shots reaped big paydays (msnbc.msn.com)
The Street on Welfare (washingtonpost.com)
Public Risk, Private Gain (washingtonpost.com)
Housing inventory glut pressures prices (nctimes.com)
There are side effects to financial medicine (sfgate.com)
Index suggests economy weakening (news.yahoo.com)
End of Cheap Credit Hits Houses, Businesses (washingtonpost.com)
Ripple Effect of U.S. Economic Woes (bus.umich.edu)
Mortgage fraud case brings new calls for tighter regulations (sfgate.com)
Brokers who lie? Shocking! (money.cnn.com)
Clashing Magazine Covers (seekingalpha.com)
Thank you, Prasanna G. ($25), Repo4Sale ($5), and Jerry H. ($25) for your kind donations.
Thu Mar 20 2008
$200 billion bail-out for predator banks and Spitzer charges intimately linked (afterdowningstreet.org)
Housing: US vs. Japan (seekingalpha.com)
Santa Clara County Glut Of Houses For Sale (patrick.net)
San Joaquin Valley house prices plunge to 2004 levels (modbee.com)
A Fed rate cut could send some mortgage rates even higher (biz.yahoo.com)
Fannie $200B closer to default (money.cnn.com)
Treasuries Safer Than Cash (Mish)
Media Feel Pressure From Declining Real Estate Industry (news.opb.org)
Beware the Housing-Bottom Callers (seekingalpha.com)
Alt-A Delinquencies Continue to Rise (biz.yahoo.com)
Affluent houseowners, too, have mortgage problems (iht.com)
The Fed's Too Easy on Wall Street (businessweek.com)
Please, do not give the impression Lehman is uncreditworthy (telegraph.co.uk)
World's central banks are worryingly far apart (economist.com)
Global capitalism teeters on the brink (theglobeandmail.com)
Mozilo's Legacy (lendingsanity.com)
Can't Grasp Credit Crisis? Join the Club (nytimes.com)
How This Crisis Is Different (washingtonpost.com)
Greenspanspeak (solari.com)
Thank you, Lee H. ($100) and John R. ($1) for your kind donations.
Wed Mar 19 2008
Sub-prime collapse 'beyond the US Federal Reserve' (news.com.au)
Sub-prime mortgage watchdogs kept on leash (latimes.com)
Mission accomplished: FUBAR 'R' US (atlanticfreepress.com)
Why the Fed cuts won't help you (articles.moneycentral.msn.com)
Deep Fed cuts no help for house prices (lansner.freedomblogging.com)
The crunch bites deeper in the US (news.bbc.co.uk)
Interest Rates and the Dollar (optionarmageddon.blogspot.com)
Shattered in Less Than 24 Hours (thetrumpet.com)
Why Bear Was Bailed Out: $13 Trillion In Derivatives (mybudget360.com)
Will the US remain US? Or become a neo-USSR? (thehindubusinessline.com)
Credit Default Swaps: The Next Crisis? (time.com)
How Do You Cure a Credit Bubble? Not With More Credit! (seekingalpha.com)
"Wild-eyed radicals" at patrick.net? (popmatters.com)
Fear and doubt spread in Silicon Valley (sfgate.com)
Bernanke, Paulson To Charge Taxpayers For Neighbors' Excessive Mortgages (bloomberg.com)
Write Your Senators, For What It's Worth (patrick.net)
Roland Arnall, 68; founder of subprime specialist Ameriquest (latimes.com)
The view from Mount Greenspan (clivecrook.theatlantic.com)
Jim Rogers: Fed using taxpayer money to buy BS Maseratis (youtube.com)
Thank you, Kha L. ($10) and Elizabeth G. ($25) for your kind donations.
Tue Mar 18 2008
How bad is the mortgage crisis going to get? (money.cnn.com)
After Bear Stearns rescue, who's next? (news.yahoo.com)
Sale Price Reflects the Depth of Bear's Problems (nytimes.com)
U.S. Fed Cuts Discount Rate, Says Dealers May Borrow (bloomberg.com)
U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate (bloomberg.com)
JPMorgan to buy Bear as Fed opens lending to Wall St (uk.reuters.com)
Lewis, Barrow Hanley Lose Combined $2 Billion on Bear (bloomberg.com)
Largest broker of options falls 65% (bloomberg.com)
'Pop' goes the financial sector (marketwatch.com)
Democrats Want $20 Billion to Bailout Mortgage Borrowers (homeguide123.com)
Propping up the US financial system as it begins to cave in (business24-7.ae)
Miami Real Estate Flounders On Sinking Prices (luxist.com)
As Seattle houses go up, prices go down (seattlepi.nwsource.com)
Fed announces two initiatives designed to prop up prices (federalreserve.gov)
Fed Acts to Rescue Bank Profits (nytimes.com)
House equity no guarantee for retirement years (post-gazette.com)
Wall Street, give it back (eyeonmiami.blogspot.com)
A Real Freak Out (jameshowardkunstler.typepad.com)
Peter Schiff predicts crash "like 1987" (europac.net)
Oops - Jim Cramer Said 'Don't Move' From Bear a Week Before Collapse (businessandmedia.org)
Thank you, Chris N. ($10) and Rajesh K. ($2) for your kind donations.
Mon Mar 17 2008
Jim Rogers: "Abolish the Federal Reserve" (patrick.net)
A Fed Bailout Crosses a Line (nytimes.com)
QA: Bear Stearns banking crisis (news.bbc.co.uk)
Bernanke, Read This Book on Greenspan's Bubbles (bloomberg.com)
Fed Bailout Saves Lenders at the Expense of Taxpayers (efinancedirectory.com)
Housing Group Challenges Fed's Bear Stearns Deal (nytimes.com)
Betting the Bank (nytimes.com)
Time for Greater Oversight of Mortgage Lenders? Duh! (seekingalpha.com)
Fed Efforts Foiled By Banks as Mortgage Rates Rise (bloomberg.com)
Lenders Face Still More Misery (businessweek.com)
Lowball Offers on the Rise (nytimes.com)
More in foreclosure choose to walk away (sfgate.com)
Bay Area Real Estate: Wait 2 Months; Save $50,000 (erica.biz)
San Diego house prices fall 13.5% from last year (signonsandiego.com)
How Debt Bites Back (washingtonpost.com)
Foreclosure impact Underestimated? (metrojacksonville.com)
From 2006 but still accurate - Jerusalem Housing Bubble (fonerbooks.com)
Quienes estan en desacuerdo en que las casas no seguiran bajando de precio (patrick.net)
Get Your Bank Really Pissed Off About Your Loan (lectlaw.com)
Thank you, Nishant P. ($10), The Russell Pottery ($40), John D. ($20), Ashim D. ($50), Michael M. ($100) and Michael P. ($41) for your kind donations.
Fri Mar 14 2008
House prices plunge across California (news.yahoo.com)
Southern California house prices still dropping at record rate (latimes.com)
How a lender bailout hurts the economy (money.cnn.com)
The next shoe to drop in housing (money.cnn.com)
Foreclosures up 60% in February (money.cnn.com)
Bernanke's dollar sinks worldwide (news.yahoo.com)
Bernanke's Rate Cuts Endanger Fed's Inflation Outlook (bloomberg.com)
Freddie Mac CEO: House Price Drops Only 1/3 Done (seekingalpha.com)
Why U.S. House Prices May Continue To Fall (boom2bust.com)
The Bubble is Bursting (europac.net)
Hawaii house foreclosures show no sign of tapering off (honoluluadvertiser.com)
Proposal to limit banks' dividends elicits strong reactions (marketwatch.com)
U.S. Mint is making cents, but at a price far more than a penny (marketwatch.com)
Stronger Rules for Mortgages Are Proposed (nytimes.com)
Fed takes boldest action since the Depression to rescue banks (telegraph.co.uk)
Commodities Rally Complicates Fed's Battle (thestreet.com)
Florida No. 1 in mortgage fraud; foreclosures up 60% (usatoday.com)
Buy my house, please! (csmonitor.com)
Second crash page in Russian (patrick.net)
France's sordid housing crisis (news.bbc.co.uk)
Thank you, Jose P. ($10) and Robert W. ($10) for your kind donations.
Thu Mar 13 2008
Wachovia: Housing Woes Are Far From Over (biz.yahoo.com)
Worse Than 2001? (fool.com)
Expect Everything To Be Worse Than Expected (Mish)
Key West Real Estate Declines Worsening (keywestchronicle.blogspot.com)
An American Nightmare -- Carlisle Condominiums in FL (ccfj.net)
Fed Gives Banks Free Cash For Crap Mortgages (bloomberg.com)
A Bailout. For Everyone. (washingtonpost.com)
A Palliative, Not a Cure From the Fed (online.barrons.com)
Bernanke on the Mortgage Market House of Cards (lewrockwell.com)
Green Crack Is Drying Up Despite Feds Best Efforts (dadtalk.typepad.com)
Dollar Trades at Record Low Versus Euro as Fed Destroys America (bloomberg.com)
Preventing the Next Mortgage Crisis (seekingalpha.com)
How government makes things worse (patrick.net)
'Dr. Doom' has dollar on death watch, global farmland healthy (marketwatch.com)
Stick with Cash and Gold (dailyreckoning.co.uk)
Confessions of a Subprime Broker (newsweek.com)
The Real Issues Behind Declining Equity Levels (seekingalpha.com)
Equity Loans Drained Equity (seekingalpha.com)
Interest rates highest since October, mortgage demand drops (usatoday.com)
Rental Foreclosed On In Chicago (patrick.net)
Thank you, Martin M. ($20), Shane M. ($15), and Alev G. ($20) for your kind donations.
Wed Mar 12 2008
Teen columnist: For adults, foreclosure is payback time (tucsoncitizen.com)
Another Plan to Destroy the Economy (fool.com)
The Fed offers to buy dodgy mortgage loans (time-blog.com)
Night of the Living Fed (Mish)
Fed keeps spiking the hogs' punchbowl (idahostatesman.com)
The Face-Slap Theory (nytimes.com)
Rate Cuts May Not Be Enough (blogs.wsj.com)
Moody's, S&P Defer Cuts on AAA Subprime, Hiding Loss (bloomberg.com)
Hedge Funds Reel From Margin Calls Even on Treasuries (bloomberg.com)
Treasuries Riskier Than Bunds, Default Swaps Show (bloomberg.com)
Rents on houses disappoint landlords (azstarnet.com)
Rhode Island real-estate market continued to deteriorate (projo.com)
Pressures Grow for Good Appraisals and Bad (washingtonpost.com)
Mortgage Delinquencies Indicate Future Foreclosures (seekingalpha.com) |
