Monday April 7 Housing and Economic stories

Top Stories:

Skybus Becomes Latest Airline to Shut Down - (www.cnbc.com) – Third US air carrier in 1 week to shut its doors. This is different than 2003-2004 where carriers went into bankruptcy to get rid of debt. These are permanently shutting their doors due to Fed inflationary policies.
Must listen-to interview with Bill Fleckenstein - Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve – (www.financialsense.com) – Yes, we must try Greenspan, and see if this criminal belongs in prison for fleecing the public.
Lenders refuse title on foreclosures, avoid taxes and maintenance - (bigpicture.typepad.com)
MBIA Loses AAA Insurer Rating From Fitch Over Capital - (www.ml-implode.com) - Fitch Ratings cut MBIA Inc.'s insurance unit to AA from AAA, saying the bond insurer no longer has enough capital to warrant the...
Woman Accused Of Burning House On Eve Of Foreclosure - (www.wyff4.com) - Yes folks, another smart individual who thought she wouldn’t get caught burning her own house down to get out of her foreclosure.
Mass State Treasurer: "No matter how bad this year was, 2009 is going to be worse." - (news.bostonherald.com)
Mortgage lender files for Chapter 7 - (www.sanluisobispo.com) - Mortgage lender files for Chapter 7
San Luis Obispo-based company with $28 million in debts had offered loans to people with ‘bruised credit’
Lenders Buried By Foreclosures Let Late Borrowers Stay in Homes - (www.bloomberg.com) – Many living in homes without making any payments for 6 or more months
Foreclosure crisis reaches into rural communities, too - (www.usatoday.com)
Student Lenders Stifled by Auction Failures as Cities Refinance - (www.bloomberg.com)
Congress Introduces Student-Loan Aid For Lenders - (online.wsj.com)
Investors abandon $2.6bn Delphi deal - (www.ft.com) Serious implications for General Motors - 15:
Rice jumps as Africa joins race for supplies - (www.ft.com) Prices more than doubled since January
Washington's $4-billion land grab - (www.latimes.com)
Buying a New House Before Letting The Old Go Into Foreclosure - (kathyneilsen.blogspot.com)
Soros Sees Additional Stock Market Declines - (www.bloomberg.com)


Other Stories:

Housing bill gives more to businesses - (www.usatoday.com)
Paulson Plan's Problems - (www.theconglomerate.org)
Unsold Homes Tie Down Would-Be Transplants - (nytimes.com)
Denver House Prices - (www.ml-implode.com) - An interesting case of a market that is mostly "inventory-bad", not "price-bad".
The Forbidden Financial Topic: U.S. National Debt - (www.ml-implode.com)
Goldman's Equity Arm Backs Out Of $794 Million Myers Takeover - (money.cnn.com) – Another private equity deal goes bad due to credit crisis
Soros Lambasts Paulson, Call for Intervention - (www.ml-implode.com)
BayernLB profit slumps as write-downs reach $6.7 billion - (www.marketwatch.com)
Bank Write-Downs: No End Yet - (www.time.com)
Congress Bails Out the Homebuilders - (www.chicagotribune.com)
Food Prices to Rise For Years, Thanks to Biofuels - (www.reuters.com)
Food Riots Rock Yemen - (www.inteldaily.com)
Reuters: Hungry Crowds Spell Trouble for World Leaders - (www.alertnet.org)
Hey, Fed: Stop robbing my savings! - (www.marketwatch.com)
The great inflation cover-up - (money.cnn.com)
House Prices Around the Nation - (efinancedirectory.com)

Bankruptcies Jump 30% in March, Led by Housing-Bust States - (www.bloomberg.com)
U.S. Suffers Biggest Jobs Drop In 5 Years as Downturn Spreads - (online.wsj.com)
81% in Poll Say Nation Is Headed on the Wrong Track - (www.nytimes.com)
U.S. Loses 80,000 Jobs, Unemployment Rate Increases - (www.bloomberg.com)
Texas gas price sets record high - (www.chron.com)

Why lenders are feeling the squeeze - (www.ft.com)
Fed Officials Defend Bailout of Bear Stearns - (www.nytimes.com)
Fed money is based on confidence - (www.rfdoc.com)
In God We Better Trust - (eyeonmiami.blogspot.com)
Soros Calls For Clearing House For Credit Default Swaps In US - (online.wsj.com)
Death of a Bond Insurer - (www.businessweek.com)
Rooms With a Bubble View - (online.wsj.com)
Hundreds to foreclose on Placer land - (www.sacramentobizjournals.com)
Corn hits $6 on tight supplies - (www.chicagotribune.com)
An Insider's Look at the Subprime Mortgage Collapse - (www.seekingalpha.com)
When leverage gets out control - (www.iht.com)
Overdue Consumer Debts Highest Since 1992 - (www.bloomberg.com)

Microsoft May Cut Yahoo Bid Amid Slowdown, People Familiar Say - (www.bloomberg.com)
Dimon Rejected Rescuing Bear Until Geithner Promised Funding - (www.bloomberg.com)
Latest Hitch for Delphi, New Worry for G.M. - (www.nytimes.com)
Northwest raising fuel surcharges, freezing pilot hiring - (www.ajc.com)

Mortgage golden age comes to close - (www.ft.com)
Euro zone finance ministers back ECB's inflation battle - (www.iht.com)
No Cushion Against Hubris - (www.washingtonpost.com)
Take financial talking-heads with a grain of salt - (www.ft.com)