Wednesday March 19 Housing and Economic stories

Top Stories:

Oops - Jim Cramer Said 'Don't Move' From Bear a Week Before Collapse - (www.businessandmedia.org)
Mad Money: Stop Trading!: Cramer Was Right About Bear Stearns ... - (www.cnbc.com) – Of course, CNBC and Cramer are spinning this story to show how he was correct.
Ameriquest Founder Roland Arnall Dead at 68 - (www.ml-implode.com) - ``Ameriquest Mortgage founder and symbol of nepotism, Roland Arnall, a billionaire who became a symbol of the struggling sub-prime lending industry he h...
Plunge Averted, Markets Look Ahead Uneasily - (www.nytimes.com)
Public Risk, Private Gain - (www.washingtonpost.com)
Why today’s hedge fund industry may not survive - (www.ft.com)
Bear Stearns's Ruin Will Shake Sovereign Funds: Andy Mukherjee - (www.bloomberg.com)
Democrats Want $20 Billion to Bailout Mortgage Borrowers - (www.homeguide123.com)
U.S. Fed Cuts Discount Rate, Says Dealers May Borrow - (www.bloomberg.com)
U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate - (www.bloomberg.com)
Lewis, Barrow Hanley Lose Combined $2 Billion on Bear - (www.bloomberg.com)
Ben Stein How Not to Ruin Your Life - (www.ml-implode.com)
Largest broker of options falls 65% - (www.bloomberg.com)
Peter Schiff predicts crash "like 1987" - (www.europac.net)
Bush Leadership in Meltdown Troubles Investors - (www.ml-implode.com)
FBI's Mortgage Lender Probe Grows to 17 Firms - (www.ml-implode.com) - 'The FBI's criminal probe of the mortgage lending industry has grown to 17 firms, involves large companies, and could take years...


Other Stories:

Triad Guaranty Delays 2007 Results Amid Potential Investment - (www.ml-implode.com) - 'Triad Guaranty Inc. said Tuesday that it will delay its 2007 annual and fourth quarter results as it looks to secure additional...
WaMu, National City Plunge as Buyout Prospects Fade - (www.ml-implode.com) - 'National City Corp., Ohio's biggest bank, fell the most in 24 years in New York trading, while Washington Mutual Inc., the larg...
Viewpoint: Bear Stearns and a Crisis Averted — But For How Long? - (www.ml-implode.com) - ``Bear Stearns was clearly one such “wrong financial institution,” a counterparty to nearly every major financial firm in the wo...
Systemic Risk From an Outsized Fannie and Freddie? - (www.ml-implode.com)
Goodbye Citi Residential Lending - (www.ml-implode.com)
Ontario residents only' at Tent City - (www.ml-implode.com)
Liquidity Traps: Myth And Reality - (www.ml-implode.com)
How bad is the mortgage crisis going to get? - (www.ml-implode.com)
Absolute's NZ fund to be liquidated - (www.ml-implode.com)
Fed Acts to Rescue Bank Profits - (www.nytimes.com)
House equity no guarantee for retirement years - (www.post-gazette.com)
Wall Street, give it back - (eyeonmiami.blogspot.com)
A Real Freak Out - (jameshowardkunstler.typepad.com)
Treasuries Tumble as Fed Reduces Rates, Raises Inflation Risk - (www.bloomberg.com)
Crude Oil Futures Gain After Fed Lowers Benchmark Interest Rate - (www.bloomberg.com)
'Pop' goes the financial sector - (www.marketwatch.com)
Propping up the US financial system as it begins to cave in - (www.business24-7.ae)
Miami Real Estate Flounders On Sinking Prices - (www.luxist.com)
As Seattle houses go up, prices go down - (seattlepi.nwsource.com)
Fed announces two initiatives designed to prop up prices - (www.federalreserve.gov)
Fed Cuts Main Rate to 2.25%, Says Outlook `Weakened' - (www.bloomberg.com)
Housing Starts in U.S. Drop 0.6%; Building Permits Decline to 16-Year Low – (www.bloomberg.com)
U.S. Producer Prices Increase More Than Forecast - (www.bloomberg.com)
U.S. Federal Open Market Committee Statement: Text - (www.bloomberg.com)
Poll: 3 in 4 think USA is in a recession - (www.usatoday.com)
Fed increasingly risking its reputation - (www.iht.com) , Andrews
How bad is the mortgage crisis going to get? - (money.cnn.com)
After Bear Stearns rescue, who's next? - (news.yahoo.com)
Sale Price Reflects the Depth of Bear's Problems - (www.nytimes.com)
JPMorgan to buy Bear as Fed opens lending to Wall St - (uk.reuters.com)
Poll: 3 in 4 think USA is in a recession - (www.usatoday.com)
Troubled Outlook for New York City Economy Turns a Lot Grimmer - (www.nytimes.com)
Inflation is Americans' top economic concern - (money.cnn.com)
End of Cheap Credit Hits Homes, Businesses - (www.washingtonpost.com)
With Street Watching, 'Repo' Trading Is Light - (online.wsj.com)
Crises of Confidence in the Markets - (www.washingtonpost.com)
Chicago-area banks see mounting losses on loans - (www.chicagotribune.com)
Shakey hedge funds contain gold price - TheStreet.com
Start up firms stuck in auction rate securities - (www.financialweek.com)

The end of Wall Street as we know it - (money.cnn.com)
Lehman rout tests Fed's resolve - (www.fortune.com)
Index of home builders' confidence remains near record low as housing woes continue - (www.signonsandiego.com)
GSEs near deal to issue stock, get capital: sources - (www.reuters.com)
Aftershocks of a Collapse, With a Bank at the Epicenter - (www.nytimes.com)
Goldman Sachs Profit Falls 53%, Less Than Expected - (www.bloomberg.com)
Lehman Net Income Declines 57%, Less Than Estimated - (www.bloomberg.com)
Deutsche Bank foreclosing on new Vegas casino - (www.financialweek.com)

Dollar decline ‘deeply worries’ Wen - (www.ft.com)
Europe idle as US battles meltdown - (www.telegraph.co.uk)
China Stocks Drop to 8-Month Low as Wen Vows to Fight Inflation - (www.bloomberg.com)
CDS prices soar, sellers in spotlight - (www.theglobeandmail.com)
City shaken as events on Wall Street unfold - (business.timesonline.co.uk)