Monday October 15 Housing and Economic stories

Housing and Economic Stories for the day:

Big banks prepping $100B bailout fund - CNN/Money (10/14/2007 07:49 PM)
As foreclosures soar, dreams die - Orlando Sentinel (10/14/2007 08:14 PM)
Housing recovery expected in 2 to 3 years - Orange County (10/15/2007 04:56 AM)
Mortgage Meltdown - SF Gate (10/14/2007 08:14 PM)
San Francisco Bay Area foreclosures triple in September (sfgate.com)
Bay Area counties trim taxes as house prices fall (sfgate.com)
Subprime Mortgages Crossing Income and Credit Strata (seekingalpha.com)
Construction halted on half-finished condos in Oakland, CA (pittsburgh.bizjournals.com)
Reader-submitted picture of unfinished Oakland condos (patrick.net)
Central CA housing projects unfinished (youtube.com)
Record 10,000 Short Sales in Southern California (doctorhousingbubble.com)
Reston Builder's Cancellations Reflect Industry (washingtonpost.com)
"Mortgage Forgiveness Debt Relief Act" Creates Tax-Free Gift To Speculators (patrick.net)
Morgenson Sheds Light on Subprime Mortgage Crisis (npr.org)
Banks May Pool Billions to Avert Mortgage Sell-Off (nytimes.com)
Desperate Builders Cutting Prices (thetrumpet.com)
Major Builder Broke Federal Loan Rules (efinancedirectory.com)
Loan defaults in Palm Beach area topped $1 billion over six months. (palmbeachpost.com)
Sydney's Housing Disaster by David Van Der Klauw (financialsense.com)
Foreclosures double again, another wave is coming (bloggingstocks.com)
The Gloves Come Off! (paper-money.blogspot.com)
I.R.S. Looks at Mortgage Securities (nytimes.com)
Insider sales at Countrywide (insidercow.com)