Thursday April 10 Housing and Economic stories

Top Stories:

Bond insurance downgrades trigger possible bankruptcy of AL county - (www.al.com)
Glut of Unsold Housing in Santa Clara County -- Proof - (patrick.net) – Great photo with Google Maps proof that realtor signs are not faked
Goldman Sachs Level 3 Assets Jump, Exceeding Rivals' - (www.bloomberg.com)
Ex-owners trash foreclosed houses before leaving - (www.sun-sentinel.com)
Congress' latest dumb idea to fix the housing crisis - (www.slate.com)
White House says can't support Senate housing bill - (www.reuters.com)
The Great Dumbing Down of the Market - (www.ml-implode.com) - We have been talking about this for six months, but there seems to be a refusal on the part of many observers to accept that the...
Who Will Bail Out the FED? - (www.ml-implode.com) - 'The Fed bankers, whose progenitors have already bribed our Congress to un-constitutionally turn over Congress' exclusive power ...
Chances of Homeowner Relief Losing Momentum in Senate - (www.nytimes.com)
Dear Mr. Greenspan: You played a part in this mess - (www.financialweek.com)
Greenspan: Not My Fault - (biz.yahoo.com)
Citigroup, Wells Fargo May Loan Less After Downgrades - (www.bloomberg.com)
U.K. Consumer Confidence Falls to Lowest Since 2004 - (www.bloomberg.com)
Media Missed Details of WaMu Story - (www.ml-implode.com) - On Tuesday, the knights of the business keyboards rang in with thoughts on Washington Mutual's deal, singing its praises. But t...
Australian Consumer Confidence Slumps to 15-Year Low - (www.bloomberg.com)
Looming Deficit Impedes Federal Housing Agency - (www.nytimes.com)
Americans doubt ability to fund retirement - (money.cnn.com)
Economic slowdown hits Silicon Valley - (www.iht.com)


Other Stories:

The futile $100M foreclosure fix - (www.ml-implode.com)
Banks Rein in Lending Ahead of Slowdown - (www.ml-implode.com)
IMF bites the bullet as crisis deepens - (www.ml-implode.com)

Roubini Now Says House Prices to Fall 30% - (www.seekingalpha.com)
Fed Weighs Its Options in Easing Crunch - (online.wsj.com)
Bush to Expand Help on Mortgages - (online.wsj.com)
For Many, a Boom That Wasn’t - (www.nytimes.com)
Ex-Fed Chairman Chides Current One - (www.nytimes.com)
Fed looking at how to beef up lending power: report - (www.reuters.com)
Long commutes, gas prices crimping American Dream - (www.philly.com)
Fed members worried about deep recession - (www.ap.com)
Gains in Worker Productivity Slow - (online.wsj.com)
Mortgage Application Volume Rises - (www.ap.com)
Middle Class Feeling The Financial Squeeze - (www.cbsnews.com)
IPO for Apollo Management - (online.wsj.com)
NYSE Volume Drops to `08 Low as Traders `Wait and See' Profits - (www.bloomberg.com)

Boeing Delays 787 Again to Third Quarter of 2009 - (www.bloomberg.com)
UPS cuts outlook, blaming fuel - (money.cnn.com)
CBS layoffs signal a financial squeeze on TV stations - (www.latimes.com)
Retailers' Struggles Mean Lean Times at the Mall - (online.wsj.com)
GE consumer finance unit gives up on U.S. consumer - (www.financialweek.com)
For Pilots, Dreams Run Into Reality - (www.nytimes.com)
American Airlines cancels 1,000 flights - (www.ft.com)
Off-balance sheet rules 'irretrievably broken' - (www.ft.com)
Arctic Cat warning of diminished earnings - (www.startribune.com)
Rising currency squeezes exporters in China - (www.latimes.com)
Egypt's Soaring Food Prices Bring Bread Lines, Deficit Pressure - (www.bloomberg.com)
IMF Puts Cost of Crisis Near $1 Trillion - (www.washingtonpost.com)

Of course it's Greenspan's fault - (www.iht.com)
Used-house sales falls to record low - (biz.yahoo.com)
Credit crunch costs '$1 trillion' - (news.bbc.co.uk)
IMF: Financial crisis costs will near $1 trillion - (www.telegraph.co.uk)
Property Tax Delinquency In Central Valley - (media.modbee.com)
Track the NAR's Spin and Lies - (bp0.blogger.com)
Hooverizing the Housing Bubble - (patrick.net)
UK House Prices Plunge Over the Cliff - (www.marketoracle.co.uk)
Bigger Bubbles To Pop - (greatdepression2006.blogspot.com)