Friday, December 21, 2007

Friday December 21 Housing and Economic stories

Top Stories

Fed Loans 93 Banks $20 Billion at 4.65% (Think it will help? Think again.) - (www.bullnotbull.com/bull and www.nytimes.com)
Bay Area home sales at two-decade low
- (www.sfgate.com)
Builders Creating Phony Propped-Up House Sale Prices - (www.economicsbriefing.com)
Pimco boss says US in recession - (www.ft.com) ($)
MBIA Bond Risk Soars on $8.1 Billion CDO Disclosure
- (www.bloomberg.com)
Bond giant's $8.1 billion surprise
- (www.fortune.com)
SunTrust Invests $1.4 Billion to Protect Money Funds
- (www.bloomberg.com)
Bear Stearns Posts Loss After Mortgage Writedowns
- (www.bloomberg.com)

Inland Empire lot prices sliced in half - (lansner.freedomblogging.com)
Another Fed gift to Wall Street - (articles.moneycentral.msn.com)

UBS faces rebellion over fund injection - (www.ft.com)

UBS, one of the biggest casualties of the US subprime turmoil, faces a shareholders’ revolt over plans for a massive infusion of funds from Singapore and the Middle East to improve its capital ratios - 22:10

Other Stories:

Grocery list includes $4 milk - (money.cnn.com)
Food prices soar in America
- (money.cnn.com)
Years of foreboding followed by years of pain
- (www.ft.com) ($)
More in metro Atlanta seek mortgage help
- (www.ajc.com)
Big Bond Insurer Finds That Guaranteeing Subprime’s Risks Is Risky
- (www.nytimes.com)
Bond insurers’ capital raising may be harder
- (www.ft.com) ($)
Transparency for Funds Is Sought
- (online.wsj.com) ($)
Pressure rises on monolines
- (www.ft.com)

Asset-Backed Commercial Paper Falls Most Since August - (www.bloomberg.com)

How Hidden Incentives Distort House Prices - (online.wsj.com)
Foreclosures just Symptom, House Prices are the Problem - (homeguide123.com)
Blaming the Fed for the Sub-Prime Mortgage Crisis - (seekingalpha.com)
Greenspan's comments in recent years on housing and mortgages - (www.startribune.com)
The end of America - and a little conspiracy theory - (chrysta.org)
Real estate slowly becoming imaginary estate - (onlinejournal.com)
The Collapse of the Modern Day Banking System - (patrick.net)
The World's Largest Banks Are Now Trapped - (www.lewrockwell.com)
US foreclosure filings up 68 pct in Nov - (news.yahoo.com)
No Bottom Yet: Housing Permits Drop To 14-Year Lows - (seekingalpha.com)
Fannie Mae: Systemic time bomb - (www.wallstreetexaminer.com)
Bass Shorted. "God I Hope You're Wrong" - (www.bloomberg.com)
Mortgage-industry lawsuits: The finger of suspicion - (www.economist.com)
Could Government Actually Be Part of the Solution? - (Charles Hugh Smith)

ACA Capital Problems Trigger More Bank Write-downs - (money.cnn.com)
Hedge funds assess exposure to banks
- (www.ft.com)
Power Flow Reverses For Wall Street And China
- (www.forbes.com)
Goldman, Lehman, Morgan Lift Bonuses; Bear Cuts Them
- (www.bloomberg.com)
Mortgage-industry lawsuits
- (www.economist.com)
Merrill's Writedowns to Top $8 Billion, Analysts Say
- (www.bloomberg.com)
FedEx 2Q Net Falls 6% On Weak US Economy, Fuel
- (money.cnn.com)
Area adds most retail space ever
- (www.chicagotribune.com)
The Bear Flu: How It Spread
- (www.businessweek.com)

China's red-hot property market is showing signs of flagging - (www.iht.com)
Floyd Norris: The mortgage mess, viewed from a Christmas past.
- (www.iht.com)

Years of foreboding followed by years of pain - (www.ft.com) ($)

No comments: