The Fed
Economy by Ryan Hinricher | February 1, 2010Last week, a media storm took place with the large drop in existing home sales. The drop of 16% seemed to shock everyone who was predicting only a 10% decline after the expiration of the initial home-buyer tax credit. Right after this, the numbers came out on new home sales, which painted an even bleaker [...]
Economy by Rob K. Blake | September 21, 2008Hank Paulson is not done asking for more authority to “rescue” us from the mortgage crisis. In his first round of legislative begging, he got Congress to pass The Housing Economic Recovery Act of 2008 which gave him the right to take over Fannie and Freddie putting taxpayers on the hook for their greed and [...]
Economy by Rob K. Blake | August 16, 2008Alan Greenspan, the controversial former Fed Chairman, in an interview by the Wall Street Journal’s David Wessel gave us a few pearls of wisdom to ponder about the state of the housing market. He starts out with a prediction calling for a stabilized market by summer of 2009. Greenspan admits depending on the size of [...]
Commentary by Tom Koziol | July 11, 2008I would bet every reader of this blog has heard of Mark Twain. On the other hand, I would bet I’m probably the only person on this blog familiar with Craig et al v. The State of Missouri. This article gives quite a bit of insight into Samuel Clemens. Please read it before you read [...]
Foreclosures by Charles Feldman | July 9, 2008It’s like one of those TV shows where after an entire season in which everything goes wrong for the star, he finally awakes to find it was all just a bad dream–everything was just fine! Only, in this case, what we have are government officials who have been saying repeatedly that the economy is not [...]
Commentary by Charles Feldman | March 5, 2008Want to know just how bad the mortgage / housing / credit / banking / securities / oil / crisis has become? Okay. When was the last time you heard a high ranking government official actually call for lenders to slash the amount of their loans…NOT the interest, the principal! That is exactly what Federal [...]
Commentary by Charles Feldman | January 12, 2008If the announced planned merger of [tag]Bank of America[/tag] and [tag]Countrywide[/tag] Financial Corp goes through, BofA will be involved in about one in every four mortgage loans in the United States. One in four! Now one way to look at this is, this is a good thing. It will probably rescue Countrywide -described by the [...]
Housing by Charles Feldman | December 19, 2007The Fed Moved! Freaking amazing when you think about it. The first few words to appear in the first paragraph of an updated New York Times posting are :” The Federal Reserve moved…” Now this may seem like a fairly benign statement until you consider this: Had the Federal Reserve moved say, six or seven [...]
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History Warnings of Today’s Political Decisions – A Look at the Fed’s Protection of Homebuyers
by Tom Koziol | July 11, 2008I would bet every reader of this blog has heard of Mark Twain. On the other hand, I would bet I’m probably the only person on this blog familiar with Craig et al v. The State of Missouri. This article gives quite a bit of insight into Samuel Clemens. Please read it before you read [...]