Thursday November 29 Housing and Economic stories

Top Stories:

Florida School Fund Rocked by $8 Billion Pullout Amid Defaults - (www.bloomberg.com)
Norwegian investment house Terra Securities declares bankruptcy - (www.iht.com)
Conforming Loan Limit to Remain at $417,000 - (www.ofheo.gov)Dr. Copper Signals Deflation - (www.reuters.com)US bank earnings plunge in third quarter - (www.ft.com)
Bear Stearns to Cut 4% of Workforce to Curb Costs - (www.cnbc.com)
Wall Street Bloodbath: Layoffs Keep Growing - (www.cnbc.com)
What Happens if Freddie Mac Becomes Insolvent? - (www.seekingalpha.com)
Bay Area House Down 25% in 2 Years – (patrick.net/housing/crash.html)
History of Home Values: Chart. Uh oh. - (www.investingintelligently.com)
Idaho housing prices falling - (www.idahostatesman.com)
Easy money, risky loans drive Detroit house losses - (www.detroitnews.com)
Wisdom would have averted the subprime mess - (www.marketwatch.com)
King of the housing speculators - (www.salon.com)
Credit squeeze hits music industry - (www.ft.com)
Groups struggling to issue debt - 22:00



Other Stories:

US Consumers Down and Out - (www.forbes.com)
Consumers' Gloom Thickens - (www.businessweek.com)History of Home Values: Chart. Uh oh. - (www.investingintelligently.com)
Markets rebound as Fed hints at rate cut - (www.ft.com)
Stocks surged after Federal Reserve vice-chairman Don Kohn dropped what investors saw as a clear hint that the US central bank was ready to cut interest rates again next month unless market conditions improve - 23:48
Lex: Equities bounce back
Fed moves to open its options
Fed seeks to calm markets
Sagging housing market hits profits - 19:58
Citigroup in second review of staffing costs - (www.ft.com)
‘NatWest 3’ offer guilty plea over Enron - (www.ft.com)
Fed's No. 2 Sparks Markets With Hint Of Rate Cuts - (www.cnbc.com)
The Fed's No. 2 official signaled a willingness to cut interest rates further, saying renewed financial market turmoil could slow the economy more than thought.
Street Changes View of Fed - (www.cnbc.com)
Economy Will Be Hit Hard Even Without Recession - (www.cnbc.com)
Home Sales, Prices Tumbled Further In October - (www.cnbc.com)
House prices take steeper turn for the worse - (money.cnn.com)
House price drop largest on record - (news.yahoo.com)
House Sales and Prices Plummet in Third Quarter - (efinancedirectory.com)
Real Prices Actually Lower Than Reported - (www.thetrumpet.com)
Getting rich off the subprime mess - (articles.moneycentral.msn.com)
Wells Fargo Braces For Mortgage Losses - (www.thestreet.com)
Citi Sells Stake to Abu Dhabi Fund - (biz.yahoo.com)
One Citi Analyst Reversal Shows Housing's Challenges - (www.cnn.com)
Other Analyst Who Rocked Citi - (www.businessweek.com)
How low will LA prices go? - (www.latimes.com)
This Old McMansion - (Charles Hugh Smith at www.oftwominds.com)
Subprime cards' high fees can add to debt troubles - (www.usatoday.com)
The Rise of Family-Friendly Cities - (www.opinionjournal.com)

Kohn Sees Risk of Reduced Credit From Market Upheaval - (www.bloomberg.com)
Fed's Kohn Sees Risk of Deeper U.S. Credit Crunch From Market `Turbulence' - (www.bloomberg.com)
Home Sales Slide to Lowest Level in Eight Years - (www.bloomberg.com)
California Home Sales Down 40% - (www.car.org)
Fed in tricky situation – (www.thestreet.com)
Beware our banking system – (money.cnn.com)
Lenders’ Belt-Tightening Stifles Growth in Economy - (www.nytimes.com)
Mortgage crisis a drag on Atlanta economy – (www.ajc.com)
Squeeze hits US capital issuance - (www.ft.com)
Why Some LBOs Are Collapsing – (www.wsj.com) ($)
Foreclosures by Lender Investigated: Morgenson - (www.nytimes.com)
Wells Fargo plunges into mortgage muck – (www.ap.com)
For Abu Dhabi and Citi, Credit Crisis Drove Deal - (www.nytimes.com)
Lampert swings, misses - (www.chicagotribune.com)
Citi gets taste of its own medicine - (www.nypost.com)
European Money-Supply Growth Accelerated in October - (www.bloomberg.com)
German Consumer Confidence Declines to Two-Year Low - (www.bloomberg.com)
German lender's subprime woes deepen - (www.iht.com)
Squeeze set to hit UK housing market - (www.ft.com)
U.A.E. May Revalue Its Currency Dec. 2, Arabian Business Says - (www.bloomberg.com)
Why nobody wants to see inflation with no clothes on - (www.ft.com)
Ethanol Craze Cools As Doubts Multiply – (www.wsj.com)