Buffett Says Crisis Avoidable If Banks Heeded Lessons of 1990s
Bloomberg - USA
The US recession, now in its second year, began with borrowers falling behind on loan payments, leading to losses in mortgage-backed securities. ...
Monday, March 2, 2009
Buffett Says Crisis Avoidable If Banks Heeded Lessons of 1990s
Who's paying whose mortgage?
Who's paying whose mortgage?
Los Angeles Times - CA,USA
Problem is, the sticker says "HONK if you're paying my mortgage." Shouldn't that be "HONK if I'm paying your mortgage?"
What Does Dr. Doom Say About U.S. Home Prices? by Ira Artman
What Does Dr. Doom Say About U.S. Home Prices? by Ira Artman
If you missed the Saturday 28 Feb New York Times, then you missed their somewhat tardy recognition of the Irish economist, Morgan Kelly. The Irish call him “Dr. Doom.”
HSBC Seeks $18 Billion in Capital and Cuts 6100 Jobs
HSBC Seeks $18 Billion in Capital and Cuts 6100 Jobs
New York Times - United States
HSBC’s foray into the US subprime mortgage market has cost it dearly. In 2003, it paid $15.5 billion for Household International, making it the world’s top ...
Saturday, February 28, 2009
Pimco Said to Advise Bank of America as It Raises Debt Funds
Pimco Said to Advise Bank of America as It Raises Debt Funds
Bloomberg - USA
BlackRock Inc., the largest publicly traded US asset manager, also is investing in mortgage-linked debt and overseeing similar troubled assets for the ...
Putting off the real day of reckoning?
Putting off the real day of reckoning?
Los Angeles Times - CA,USA
Does Obama's mortgage plan promise real recovery or just delay a few foreclosures several months? Christopher Thornberg and Richard K. Green debate. ...
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