Friday November 30 Housing and Economic stories

Top Stories:

Florida Suspends Withdrawals From Investment Pool - (www.bloomberg.com)

but wait…..

Montana investment fund sees withdrawals in wake of Florida woes ... - (www.bloomberg.com)

Banks, U.S. near deal to freeze subprime rates: report (another bad idea) - (www.reuters.com)
Credit Agency Flags Adjustable Mortgage Holders - (www.efinancedirectory.com)
Homebuyers locked out as mortgages dry up - (www.ft.com)
Hot Property The housing bust is really a land bust - (http://www.businessweek.com/)
D.R. Horton Predicts '08 Worse Than '07 - (biz.yahoo.com)
One-Month Libor Soars as Banks Seek Year-End Funding - (www.bloomberg.com)
More Plunge Team mysteries - (www.nypost.com)
Buyout Firms, Hedge Funds See Year-Long Credit Slump - (www.bloomberg.com)
Sub-prime crisis hits IKB and Terra – (business.timesonline.co.uk)
Bay Area Condo owners hit by increased fees - (www.insidebayarea.com)
No Sunshine For Florida Real Estate - (keywestchronicle.blogspot.com)
Fraud deepens Michigan housing crisis - (http://www.detnews.com/)
Governmental Role Expands as Investors Walk Away - (www.realestatejournal.com)


Other Stories:

Subprime crisis claims top Morgan banker - (www.ft.com)
Fed seeks to calm markets - (www.ft.com)
Markets rebound as Fed hints at rate cut- (www.ft.com)
Florida moves to stop run on fund - (www.ft.com)
$10bn withdrawn from state-operated pool
Lex: Florida fund run - (www.ft.com)
Bernanke Says Fed to Judge Market `Turbulence' Impact – (www.bloomberg.com)
US Foreclosure Filings Up 94 Pct in Oct. – (www.ap.com)
U.S. New-Home Sales Lower Than Forecast in October - (www.bloomberg.com)
OFHEO:US Home Prices Saw First Quarterly Decline Since '94 - Dow Jones
Bernanke clears way for Fed rate cut - (www.ft.com)
Chapter 11 filings in 3rd quarter climb 35% - (www.latimes.com)
Inflation has Dallas Federal Reserve president 'very concerned' – (www.dallasnews.com)
U.S. Economy: Growth Is Faltering After 4.9% Surge - (www.bloomberg.com)

Florida suspends withdrawals from state investment fund - Orlando Sentinel
Municipal Bond Deals Squeezed By Credit Crisis – (www.washingtonpost.com)
California Forgoes Insurance on $1 Billion State Bond Offering - (www.bloomberg.com)
Libor feels strain as year-end looms - (www.ft.com)
Activist hedge fund returns hit hard - (www.ft.com)
Corporate bond costs climb to five-year high - (www.ft.com)
King Says Market Rate Increase Caused by Bank Capital Concern - (www.bloomberg.com)
E*Trade to Get $2.55 Billion Cash Boost From Citadel-Led Group - (www.bloomberg.com)


US bank earnings plunge in third quarter - (www.ft.com)
Beware of Liquidity Traps in Builders - (www.wsj.com) ($)
Sears' profit plunges 99% - (money.cnn.com)
Wells Fargo woes show breadth of mortgage meltdown – (www.sfgate.com)
After Wells Fargo, home equity has further to fall – (www.reuters.com)

Chinese,Japanese firms least able to fend off crisis – (www.CFO.com)
UK house prices fall at fastest rate since 1995 - (www.ft.com)
US subprime crisis hits Asia debt issuance - (www.ft.com)
U.K. Home Prices Drop Most Since 1995, Loans Decline - (www.bloomberg.com)
China Currency Reserves Rise to Record $1.46 Trillion - (www.bloomberg.com)
‘Snooty’ bankers blamed for crisis - (www.ft.com)
UK mortgage approvals fall sharply - (www.ft.com)
Fannie, Freddie Won't Get A Raise - (www.forbes.com)
Capital Is King Once Again – (www.nytimes.com)
Credit Cracks, Markets Close, Bonds Yelp `Help!': Mark Gilbert - (www.bloomberg.com)
L.A., O.C. house prices decline sharply - (http://www.latimes.com/)
Tips for selling your house - (Hint: lower the price) - (www.marketwatch.com)

House sales record low despite largest drop in prices ever - (money.cnn.com)
Existing House Sales Fall Again - (biz.yahoo.com)
Housing Prices Set New Records - All of Them Bad - (http://www.seekingalpha.com/)
Our shadow banking system - (money.cnn.com)
Mortgages drive bank profits down 25% - (money.cnn.com)
Wells Fargo plunges into mortgage muck - (news.yahoo.com)
Wells Fargo sets aside $1.4 billion to cover loan losses - (http://www.marketwatch.com/)
Time to Hedge Your House? - (http://www.businessweek.com/)
Business and the credit crunch: At the gates of hell - (www.economist.com)