This lesson comes courtesy of the big brains at Calculated Risk. [more]
Wow, lots of good discussion in the thread below. [more]
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]
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]
Hat tip to Calculated Risk.
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.
Here's Professor Shiller.
Again, that's what this story explains. [more]
Please stop asking for "color."
Seriously. Don't make us come up there.
Remember Hyrdogen Hybrid Technologies? I blogged about it here and here. [more]
This guy were in China, he'd be preparing for a quick trip to the gallows.
Peanut Corp. president urged shipping tainted nuts
Rescue package unleashed. "Stimulus" package on the way. Markets down 3%.
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]
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]
And the 6% scalpers never stop crying. [more]
That is, after all, what this all means. Just that no one has the guts to come out and say it.
Now that Comrade Gobnmint runs Fannie Mae "in the public interest," it's making the predictable, idiotic, politicized decisions. [more]
Where's a meteor when you need it? Here's the latest (smallish) pack of lies from the NAR. [more]
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.
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]