Wednesday March 26 Housing and Economic stories

Top Stories:

FDIC adds 140 workers to bank-failure division - (www.ml-implode.com) - ``Anticipating a surge in troubled financial institutions, federal regulators will increase by 60% the number of workers who han...
Trouble for airlines - (www.chron.com) – In 2003 to 2004, 4 of the big 7 airlines went into bankruptcy protection. They probably didn’t negotiate the pay low enough to survive this downturn and high oil prices.
Aloha Airlines files for bankruptcy - Yahoo! News - (news.yahoo.com)
The Sordid Subprime Connections Between Obama, The Pritzkers, Bear Stearns, and even Hillary - (www.ml-implode.com) - Sorta gives you the feeling that our country is a billionaire's playground, with politicians as their lackeys, and we just foot ...
Iceland Lifts Key Rate to 15% at Unscheduled Meeting - (www.bloomberg.com)
Colleges Change Lending Habits - (online.wsj.com)
Great Depression questions resurface - (www.chicagotribune.com)
Fed subsidising biggest, most powerful investment banks - (www.guardian.co.uk)
Hidden Derivative Losses Spook India Investors: Andy Mukherjee - (www.bloomberg.com)
Small Firms Find Credit Is Tightening - (www.nytimes.com)
Now Is It a Bailout? - (blogs.wsj.com)
Letter To Bernanke in WSJ - (bp1.blogger.com)
Pay day loans exacerbate housing crisis - (www.reuters.com) – I believe Pay Day loans are a result of the loose Fed policies.
Appraisers: Pressure to inflate inflates - (www.myrecordjournal.com)
Fed To Destroy Dollar Buying Up McMansions - (www.bloomberg.com)
Countrywide Reconstructed: PennyMac - (www.ml-implode.com)


Other Stories:

Mad Max Check Out Time - (www.ml-implode.com) - 'China’s Mad Max Road Warrior economy is in the process of shutting down.'
Subprime woes threaten Japan real-estate boom - (www.ml-implode.com) ``While real estate investment trusts, or REITs, have played a key role in the surge in property values, their holdings, purchas...
Hillary Clinton Proposes New Mortgage Bailout Plans - (www.ml-implode.com) ``Senator Hillary Clinton has been proposing ideas to provide foreclosure relief for more than a year now. On Monday, she added ...
Unique Mortgage Solutions files Chapter 11 - (www.ml-implode.com)
Freddie sees more missed payments - (www.ml-implode.com)

Why is Bear Stearns Trading at $6 Instead of $2? - (www.hussman.net)
JPMorgan Raised Bear Stearns Bid - (www.nytimes.com)
Auctions prove prices far lower than Zillow says - (happyinvestor.wordpress.com)Massachusetts Prices Falling - (www.boston.com)
Real estate slump hitting Santa Cruz hard - (santacruzsentinel.com)
The inevitable collapse of the dollar - (youtube.com)
Housing Crash Unaffected By Fed Actions - (seekingalpha.com)
Resales Probably Fell as Prices Slid, Credit Shrank - (www.bloomberg.com)
Meltdown Not Over Yet - (jameshowardkunstler.typepad.com)
Debt crisis nothing new - (www.edmontonsun.com)
Dollar Falls on Bets Fed Will Make Deeper Interest Rate Cuts - (www.bloomberg.com)
Gold Advances in N.Y. as Euro Restarts Climb Against Dollar - (www.bloomberg.com)
U.S. stocks struggle to prolong move higher into third session - (www.marketwatch.com)
Oil Falls a Fourth Day as U.S. Economic Slowdown Curbs Demand - (www.bloomberg.com)

The Hand Behind the Deal - (www.nytimes.com)
APS seeks rate hike of $11.51 per household - (www.azcentral.com)
Food prices on the rise worldwide - (money.cnn.com)
IRS opens offices to help with stimulus payments - (www.azcentral.com)
Is your grocery bill going up? You're not alone - (www.ap.com)

Foreclosure Rate Outpaces Sales by Lenders - (online.wsj.com)
Higher-yield bond funds run into trouble - (www.sfgate.com)
Great Letter to Bernanke in WSJ - (wcvarones.blogspot.com)
Open Letter To All Truckers - (Mish at globaleconomicanalysis.blogspot.com)
Will Citibank Survive? - (marketoracle.co.uk)

Wall Street banks slashing workforces - (www.chicagotribune.com)
Did Deal Overexpose J.P. Morgan? - (online.wsj.com)
American Airlines parent expects huge jump in '08 fuel bill - (www.dallasnews.com)
Paints maker Sherwin-Williams reduces earnings expectations for 1st-qtr - (www.signonsandiego.com)
Natural gas growing pains - (www.chron.com)

UK employers foresee 'jumpier waters' - (www.ft.com)
BOJ's Shirakawa warns of growing downside econ risks - (www.boston.com)
Subprime holdings damp China bank profits - (www.ft.com)