Tuesday December 4 Housing and Economic stories

Top Stories:

Maine: $20M State Investment Questioned - (www.chron.com)
INTERVIEW-Maine Treasurer Criticizes Merrill for Subprime Bet - (www.reuters.com)
Florida Says Unfreezing Local Fund Would Spark a `Fire Sale' - (www.bloomberg.com)
Bank guarantees made CDOs more attractive to money markets – (www.businessweek.com)
One-Month Pound Libor Soars as Banks Seek Year-End Funding - (www.bloomberg.com)
Equity Still Plummeting - (wallstreetexaminer.com)
Fed May Cut Interest Rates A Full Point: Citi Economist - (www.cnbc.com)
Experts See Legal Fallout From Subprime Plan - (www.cnbc.com)
Paulson's Plan to Punish the Public - (fool.com)
Greenspan "Very Bad" Fed Chairman - (bloomberg.com)
Upscale House Prices Are Going Down - (abcnews.go.com)
E*Trade Marked To Reality - What Happens If Citigroup Is? - (globaleconomicanalysis.blogspot.com)


Other Stories:

Paulson's Plan Is Nothing But Lip Service - (globaleconomicanalysis.blogspot.com)
Earnings Recession Has Arrived - (globaleconomicanalysis.blogspot.com)
Sell Now Ask Questions Later - (globaleconomicanalysis.blogspot.com)
Eurozone Dilemma - (globaleconomicanalysis.blogspot.com)
California Forgoes Insurance On Municipal Bonds - (globaleconomicanalysis.blogspot.com)
Fast Money: Will Morgan's Mack Get The Knife? - (www.cnbc.com)
Freddie Mac CEO: Paulson Plan a Good Start - (www.cnbc.com)

Manufacturing Grows at Slowest Pace in 10 Months - (www.bloomberg.com)
Subprime mortgages and credit card woes - (www.economist.com)
Mortgage meltdown – (www.abc.net.au)
Interbank rates fuel concern - (www.ft.com)
Senior bankers lay blame on year-end
Discover fuels UK credit concerns - (www.ft.com)
Experts See Legal Fallout From Subprime Plan
If the government freezes rates for troubled homeowners, expect legal challenges from mortgage investors, experts say. But do they have a case?
Paulson: The Deal Is on Its Way

Gold ends higher after last week's steep fall – (www.marketwatch.com)
To cool a market meltdown, apply aid carefully - (csmonitor.com)
Treasury plan won't help all borrowers - (businessweek.com)
Banking: This Disaster Was Guaranteed - (businessweek.com)
Subprime Woes Hit Credit-Worthy - (www.wsj.com) ($)
Mortgage Relief Impact May Be Limited - (www.nytimes.com)
Subprime: Everything You Wanted To Know - (metrocorpcounsel.com)
How the subprime fallout affects development - (freedomblogging.com)
Recession Hits U.S. Corporate Profits; Economy Might Be Next - (www.bloomberg.com)
Liquidity concerns grip banks - (www.economist.com)
Foreclosure rescue: No help for you – (money.cnn.com)
Paulson ‘confident’ of mortgage deal - (www.ft.com) ($)
Aberdeen chief warns credit squeeze is long-term - (www.ft.com)
US house prices fall sharply - (guardian.co.uk)
Sales Drop 23.5%; Prices Fell 13% - (seekingalpha.com)
Study Warns of Decline In Value of U.S. Houses - (realestatejournal.com)
Housing glut causes rents to fall - (pe.com)
Carmakers warn of tough times in US - (www.ft.com) ($)
Citi SIVs on Moody’s negative review - (www.ft.com) ($)
Smaller companies snag big share of surging U.S. exports - (www.chicagotribune.com)
US advertising faces ‘another poor year’ - (www.ft.com) ($)

Pleas for rate cut as interbank loans dive – (www.telegraph.co.uk)
U.K. financial service woes have ripple effects - (www.economist.com)
The tables turn on Singapore's pioneering investment fund - (www.economist.com)
Insured House Mortgage Defaults Reach Six-Year High - (bloomberg.com)
Foreclosure Filings Increase 94 Percent in October - (efinancedirectory.com)
Deal in the Works To Freeze Rates on Subprime Loans - (washingtonpost.com)
Some Investors Fault Plan to Aid Borrowers - (online.wsj.com)
The cold comfort of economic collapse - (atimes.com)
New House Sales And Recessions - (bp1.blogger.com)
SUV Bailout To Keep America Humming - (patrick.net)