Wednesday February 20 Housing and Economic stories

Top Stories:

Vallejo On Brink Of Bankruptcy - (www.nbc11.com)
Capital sparse in some U.S. student loan markets - (www.reuters.com)
Pittsburgh Hospital Redeems `Loan Shark' Auction Debt - (www.bloomberg.com)
New York Bond Costs Rise as Banks Let Auctions Fail - (www.bloomberg.com)
Democrats seek student loan assistance from administration ... - (www.sfgate.com) – Another set of unintended consequences from our clueless politicians
Credit Suisse suspends traders - (www.telegraph.co.uk) – Credit Suisse also blames a few “rogue” traders for large losses
Forclosure Map Of Vegas - (www.foreclosurepulse.com)
Northern Rock Bank nationalized - (news.yahoo.com)
Drip, Drip, Drip: Then the Dam Collapses - (www.lewrockwell.com)
Texas Makes Lying on Loans a Felony - (www.lendingsanity.com)
Palm Beach housing still in free fall - (www.palmbeachpost.com)
401k debit card draws red flags - (www.washingtontimes.com)
From Foreclosure Signs to Auto Repo Lots - (www.washingtonpost.com)
Clinton accused of plan to poach delegates - (www.ft.com)
GMAC to Shut U.S., Canada Field Offices After $2.3 Billion Loss - (www.bloomberg.com)


Other Stories:

More Struggling Borrowers Decide to Quit Paying Mortgage - ``Brian Davis, director of Northeast Ohio Coalition for the Homeless, said the foreclosure crisis is a low-cost … - (www.ml-implode.com)
Moody’s: CRE Prices Declined Sharply in December - ``Moody’s/REAL Commercial Property Price Indices fell by 1.5 percent in December — the fourth-largest monthly drop in the 84-mon... - (www.ml-implode.com)
Northern Rock deal could cost us each £3,500 - 'The cost of the Northern Rock crisis has reached the equivalent of £3,500 for every taxpayer as experts warned that the nationa... - (www.ml-implode.com)
BayernLB Chief Quits After Subprime-Linked Writedowns - (www.ml-implode.com)
Monoline Death Watch: Is There Really a Plan Here? - (www.ml-implode.com)
SRM Chief Decries Northern Rock Move, Vows Fight - (www.ml-implode.com)
BMO Increases SIV Rescue With $12.7 Billion Backstop - (www.ml-implode.com)
Celebrities Not Immune to the Real Estate Crisis - (homeguide123.com)
Credit Crisis Losses Will Put Black Monday in the Shade - (seekingalpha.com)
Wall Streets role in housing meltdown probed - (msnbc.msn.com)
Jobless are spending more time seeking work - (www.chron.com)
More older workers trapped in long-term unemployment - (www.chicagotribune.com)
Health care costs to crimp retirees - (money.cnn.com)
As Lending Tightens, Education Could Suffer - (www.nytimes.com)
Groceries Grow Elusive For Many in New York City - (www.washingtonpost.com)

Bond Insurer Split Threatens $580 Billion of Notes - (www.bloomberg.com)
When Nerves Get Short, Credit Gets Tight - (online.wsj.com)
Default protection puts CPDOs at risk - (www.ft.com)
Conflict of interest clouds Moody's opinions - (www.chron.com)
Long road for structured finance - (www.economist.com)
A sinking feeling for the dollar in China - (www.latimes.com)
In China and India, consumers unfazed by high gold prices - (www.iht.com)
Earnings call hoaxes rile execs - (www.cfo.com)
No Lull in Mortgage Pitches - (www.nytimes.com)
Popularity of bonds turning some investors away - (www.iht.com)
San Diego Price Graphs - (piggington.com)
Foreclosed houses occupied by homeless - (news.yahoo.com)
Mortgage Office furniture liquidation - (sandiego.craigslist.org)
Northern Rock shareholders can't expect their money back - (firstrung.co.uk)
Northern Rock bank may be the first dropped shoe - (jameshowardkunstler.typepad.com)
Buyers paid too much for too little - (greatdepression2006.blogspot.com)
Why Not Just Walk Away from a House? - (www.npr.org)
Wall St. Banks Confront a String of Write-Downs - (www.nytimes.com)
Remodeling is declining nationwide - (www.dallasnews.com)
Chief of troubled bond insurer is out - (money.cnn.com)
Dollar Weakens Most This Month Against Euro on Rate Speculation - (www.bloomberg.com)
Credit Suisse Writedowns to Cut Profit by $1 Billion - (www.bloomberg.com)
US banks turn to Fed for $50bn in short-term loans - (business.timesonline.co.uk)
Loans go bad as British housing bubble pops - (www.latimes.com)
Credit Suisse situation ‘still under review’ - (www.ft.com)
A look at inflation rates across EU's Eastern Europe nations - (www.iht.com)
The Inflation Bear is Trouble for China - (www.time.com)
America's economy risks the mother of all meltdowns - (www.ft.com)
Yield Curve Concerns, Keynesian Fixes, Broken Models - (www.bloomberg.com)
Mortgage mess makes it tougher to borrow money for college - (www.chicagotribune.com)
Inside Wall Street's Black Hole - (www.portfolio.com)
A Savior for Chrysler? Read On - (www.nytimes.com)
A voice in the wilderness who won’t be quiet - (www.ft.com)