Tuesday April 22 Housing and Economic stories

Top Stories:

Libor rate jumps again, still not quite honest - (www.marketwatch.com)
Minnesota's new ghost towns - (www.startribune.com)
Chic, Urban, and Deserted in Vegas - (www.lasvegassun.com)
Subprime debt selling at 10-20 cents on the dollar - (www.goldmau.com)
When a HELOC freezes over - (money.cnn.com)
Bank of America Net Income Falls 77% on Writedowns - (www.ml-implode.com)
$10 Billion Hedge Fund Trade Stings Rivals - (www.nytimes.com) – Yes, Hedge Funds have been playing the steep yield curve trade again and some got partially burned last week.
Amid strong farm economy, some dire signs - (www.ap.com)
Credit getting even tighter for condominium buyers - (www.chicagotribune.com)
BoE unveils 'special liquidity scheme' - (www.ft.com) – Bank of England silently nationalizing mortgage market like the US. Also taking bad debt off the hands of unwise and speculative lenders.
Bank of England Will Unveil Bond Swap to Ease Mortgage Market - (www.bloomberg.com)
$100 Billion Securities Swap at Bank of England - (www.nytimes.com)
Are 98% of the Henderson, NV area houses for sale in foreclosure? - (patrick.net)
OC's high-rent districts suffer higher apartment vacancies - (lansner.freedomblogging.com)
The Orange County you won't see on fantasy TV - (www.businessweek.com)
Analyst Whitney Thinks Wells Fargo Needs Reserves, Capital - (www.ml-implode.com) - Whitney believes that Wells Fargo is under-reserved by at least $4.5 billion as of Monday and will need to raise capital to res...
Auction-Rate Market Shrinks by 18% Amid State Probes - (www.ml-implode.com) - The U.S. auction-rate bond market is starting to disappear. At least $58.9 billion, or 18 percent of the securities outstan...


Other Stories:

Homebuilder shares fall ahead of earnings this week amid troubled housing market - (www.ml-implode.com) - ''Homebuilder shares fell Monday as several companies prepare to report quarterly results this week amid a housing market that c...
The trillion-dollar mortgage time bomb - (www.ml-implode.com) - ''Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mort...
Maladjustment - (www.ml-implode.com) - ''Don’t look now, but the next casualties of Bubble-Economics is being set up. Agriculture today is a about as distorted and mal...
An Alarming Forecast For The Housing Bust - (www.ml-implode.com)

Auction-Rate Market Shrinks by 18% as SEC, States Investigate - (www.bloomberg.com)
Euro Rises to Within Cent of Record Versus Dollar on ECB View - (www.bloomberg.com)
Treasuries Little Changed as Fed Rate Cut Expectations Decline - (www.bloomberg.com)
Bernanke Grapples With Greenspan as Volcker Scorns Fed Bailouts - (www.bloomberg.com)
Credit Woes Stifle Small-Biz Loans - (www.cfo.com)
Risks rise for Fannie, Freddie - (money.cnn.com)
Florida luxury home market shows signs of wear - (www.ml-implode.com)

Financial slump could hit new graduates - (www.ft.com)
Teens turn to thrift as jobs vanish and prices rise - (www.usatoday.com)
Door maker to shut down Tolleson plant - (www.azcentral.com)
Colorado town outsources public works - (denver.bizjournals.com)
Survey: 30 percent believe economy will shrink - (www.newsday.com)

Treasury sell-off hits housing recovery hopes - (www.ft.com)
Wheels Come Off ADS, Blackstone Deal - (www.thestreet.com).com
Debt may be a factor in suspicious house, car fires - (www.latimes.com)
Housing: Time to Halt Taxpayer Subsidies - (www.businessweek.com)
Fed hawks warn on inflation - (www.reuters.com)
Ponzi Squared - (norris.blogs.nytimes.com)
Big Pensions Slash Stock Investments - (www.cfo.com)
Venture capital investing slows in first quarter - (www.marketwatch.com)
Oil producers refuse to raise output - (news.yahoo.com/s/afp)

Lenders lock out new borrowers - (www.independent.co.uk)
Bring back the Gold Standard? - (optionarmageddon.blogspot.com)
Foreclosed listings from Hollywood to Glendale - (www.latimes.com)
Housing slide picks up speed in Chicago - (www.chicagobusiness.com)
Housing sales tumble across Canada - (www.reportonbusiness.com)
How I am Surviving the Sub-Prime Crisis - (www.hubpages.com)
A seller triumphs in a bad micro-market's micro-bloodbath - (www.sfgate.com)
Greenspan, Cheerleader for debt - (from 2004) - (www.bloomberg.com)
Gas, CPI, and Fraud - (www.youtube.com)

Bank of America Net Income Falls 77% on Writedowns - (www.bloomberg.com)
XM, Sirius Still Have Much to Prove - (www.thestreet.com).com
Funds to invest up to $8bn in National City bank - (www.ft.com)
Dollar's plunge becoming lynchpin in 1Q earnings - (www.signonsandiego.com)
Student Lenders Pull a Failing Grade - (www.thestreet.com).com
Corroded to the core: How a staid Swiss bank let ambitions lead it into folly - (www.ft.com)
AT&T to cut about 4,600 jobs - (www.chicagotribune.com)
Is this the end for cheap airline fares? - (www.chicagotribune.com)

Hint of Division in ECB - (online.wsj.com)
World recession 'worst since 70s' - (news.bbc.co.uk)
Asia Risks `Silent Famine' as Food Soars, WFP Warns - (www.bloomberg.com)
Wall St. Socialism A Brave New Federal Reserve - (www.nypost.com)
D.C. debate is whether to regulate or not - (www.ap.com)