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February 2009

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"Stress Test" Lesson For President B.O. and Tim-the-Tax-Dodger Geithner

February 27, 2009 – Comments (3)

This lesson comes courtesy of the big brains at Calculated Risk.  [more]

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A History Lesson for President B.O.

February 26, 2009 – Comments (8)

Wow, lots of good discussion in the thread below.  [more]

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Quick Housing Math for President B.O.

February 26, 2009 – Comments (28)

OK, B.O., I suspect you're not going to pay attention to basic, third-grade stuff, because you don't bother to use object pronouns following prepositions. Your willingness or capacity to absorb third-grade lessons aside, I offer this simple math, based on today's new-home numbers.   [more]

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Technology Turns Legislators into Self-Indulgent 24/7/365 Campaigners

February 25, 2009 – Comments (2)

I find this deeply disturbing. Twitter, of course, is a narcissist's dream come true, so it's not surprising. Still, I have to believe that these lawmakers have better things to do -- such as actually paying attention to the important issues before them.  [more]

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Only In America

February 25, 2009 – Comments (3)

Hat tip to Calculated Risk.

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Congratulations bagholders (yet again)

February 23, 2009 – Comments (1)

In addition to getting hosed on Citigroup this week, you get to pump yet more money into otherwise insolvent AIG. Remember, it's for your own good.

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Houses still way to expensive, part XXIIVII...

February 23, 2009 – Comments (2)

Here's Professor Shiller.

 

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15

Ben Stein's Headintushitis

February 19, 2009 – Comments (7)

Wow.  [more]

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13

No Bottom in House Prices Until Government Admits It.

February 16, 2009 – Comments (6)

Again, that's what this story explains.  [more]

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Dear Wall Street Analysts

February 12, 2009 – Comments (0)

Please stop asking for "color."

Seriously. Don't make us come up there.

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SEC Nails CAPS's Favorite Mail-Order Pump 'n' Dumper

February 12, 2009 – Comments (2)

Remember Hyrdogen Hybrid Technologies? I blogged about it here and here.  [more]

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What's a few potential poisonings when there's money at stake?

February 11, 2009 – Comments (1)

This guy were in China, he'd be preparing for a quick trip to the gallows.

Peanut Corp. president urged shipping tainted nuts

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Please Mr. Obama, Mr. Timmay, No More Help

February 10, 2009 – Comments (5)

Rescue package unleashed. "Stimulus" package on the way. Markets down 3%.

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Failed Homebuilders Get $15 billion Gift from Taxpayers

February 10, 2009 – Comments (0)

Yup, you got that right. Rake it in and bank it during the bubble. Then cry to Congress when you whizz in your own punchbowl enough to make it undrinkable, and get a $15 gift from taxpayers.  [more]

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Obama (Again): There's Nothing We Can do For Housing

February 10, 2009 – Comments (1)

So, the big financial rescue package is announced (number 3? 4?) and it includes pledges of more oversight for banks that are suckling on the public teat. It also claims it will get private money interested in buying crappy toxic securities (by guaranteeing billionaires against losses, or giving them free leverage, so they get all the upside... Wow, there's a surprise!)  [more]

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More Untruths from the National Association of Realtors

February 10, 2009 – Comments (2)

And the 6% scalpers never stop crying.  [more]

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Obama: House Prices Were too High, and They're Not Coming Back

February 09, 2009 – Comments (0)

That is, after all, what this all means. Just that no one has the guts to come out and say it.

 

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Congratulations Again, Bagholders

February 06, 2009 – Comments (10)

Now that Comrade Gobnmint runs Fannie Mae "in the public interest," it's making the predictable, idiotic, politicized decisions.  [more]

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More Whining from the National Association of Realtors

February 03, 2009 – Comments (6)

Where's a meteor when you need it? Here's the latest (smallish) pack of lies from the NAR.  [more]

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Wrong

February 03, 2009 – Comments (1)

Homeowners in U.S. Lost $3.3 Trillion in Property Value in 2008 Amid Slump

No, the property was never "worth" what people believed in the first place.

Try telling that to your tax officials these days though.

Sj

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National Association of Realtors Latest Pathetic PR

February 02, 2009 – Comments (1)

This, from the 6% scalpers who pimped housing until prices were so high that the only way to afford anything was via toxic loans...  [more]

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