Wednesday May 14 Housing and Economic stories

Top Stories:

"Enormous" Bank Losses Still Not Acknowledged - (www.bloomberg.com)
Brentwood: California's poster child for housing bust - (www.scrippsnews.com)
California Screaming - (money.cnn.com)
Results from Piecemeal Housing Plans Leave Doubts About Effectiveness - (www.ml-implode.com) - "There are so many piecemeal plans operating such as Hope Now which is largely a product of many large mortgage servicers prodde...
Rep. Feeney Defends Renters and Real Owners - (www.youtube.com)
Dick Armey Discusses AngryRenter.com with Glenn Beck - (www.youtube.com)
Toll Brothers Revenue Drops as Housing Slump Persists - (www.ml-implode.com)
Frank-Dodd Proposal Makes Sense a Veto by the White House is Reckless - (www.ml-implode.com)
About Half Of Cleveland's Subprime Loans Ended In Foreclosure - (www.newsnet5.com)
Economy Puts Tight Squeeze On RV Makers - (online.wsj.com)


Other Stories:

$100,000+ Condos Made From Discarded Containers - (www.ml-implode.com) - "Discarded containers have been stacking up at ports. They are cheaper to build new than to return to their country of origin, s...
Even top commercial properties are suffering from market crisis - (www.ml-implode.com)
London Has Most Widespread Home-Price Drop Since 1994 - (www.ml-implode.com)
Citi Is Beyond Repair - Whitney Trashes Plan - (www.ml-implode.com)
CDO Debt Could Pose Renewed Danger For Banks - (www.ml-implode.com)
What causes foreclosures? - (www.wallstreetexaminer.com)
When Should I Buy a House? - (www.millionairemommynextdoor.blogspot.com)
The Fed Continues to Bamboozle Consumers - (www.dailyreckoning.com.au)
Where Your Tax Rebate Is Really Going - (www.minyanville.com)
Jumbo Loans Coming With Jumbo Price Tag - (www.ml-implode.com)
"Investor says HSBC undervalued loss by $30bn" - (www.ml-implode.com)
California man losing nine houses in mortgage mess - (www.reuters.com)
New mortgage crisis looms - (realestate.msn.com)
The Ticking Credit Card Time Bomb - (www.financialsense.com)
What Your House Will Be Worth Next Year - (www.efinancedirectory.com)
Democrats Face Rescue Backlash - (online.wsj.com)
Audio: Awards For Global Credit Crisis - (www.podcast.thisamericanlife.org)

Treasuries Fall as Retail Sales Less Autos Increase in April - (www.bloomberg.com)
Oil Rises to Record on Signs Refiners Not Meeting Fuel Demand - (www.bloomberg.com)
Most U.S. Stocks Gain, Led by Energy Shares; Yahoo Rallies - (www.bloomberg.com)
Commuting costs blamed as house prices fall - (www.palmbeachpost.com)
Public trust eroding as watchdogs fall down on the job - (www.marketwatch.com)
Regulators under fire for ignoring red flags - (www.washingtontimes.com)
US Housing Crash And Australia - (www.sixtyminutes.ninemsn.com.au)

U.S. April Retail Sales Fall 0.2%; Rise 0.5% Excluding Autos - (www.bloomberg.com)
U.S. Import Prices Rise 1.8% in April, Up 1.1% Excluding Oil - (www.bloomberg.com)
Bernanke Says Fed to Boost Loans to Banks as Needed - (www.bloomberg.com)
Housing Prices Tumble in Two-Thirds of U.S. Cities - (www.bloomberg.com)
Conformity trumphs green living in some HOAs - (www.chron.com)
Survey: 1 in 10 boomers borrowing for everyday expenses - (www.chicagotribune.com)
Pain at the Other Pump: Shoe Prices Rise - (online.wsj.com)
Latest Groans: Small-Business Loans - (online.wsj.com)

Libor Poised for Shake-Up as Credibility Is Doubted - (www.bloomberg.com)
Average gas prices set record at $3.72 a gallon - (www.usatoday.com)
Farmers unable to cash in on soaring food prices - (www.latimes.com)
Corn Prices Rise, Pitting Chickens Against Ethanol - (www.washingtonpost.com)
Wal-Mart Net Increases; Shares Fall on Forecast - (www.bloomberg.com)
Bank of America Sees Higher Losses on Home Equity - (www.bloomberg.com)
Goldman, Merrill Estimates Reduced at Oppenheimer - (www.bloomberg.com)
Hewlett-Packard Agrees to Acquire Electronic Data - (www.bloomberg.com)
U.K. April Inflation Rate Jumps the Most Since 2002 - (www.bloomberg.com)
China Retail Sales Rise at Fastest Pace Since 1999 - (www.bloomberg.com)
India's Futures Ban Is No Answer to Inflation: Andy Mukherjee - (www.bloomberg.com)
Surveyors' mood is gloomiest in nearly 30 years as slump deepens - (business.timesonline.co.uk)

A Wish List for Fixing Wall Street - (www.nytimes.com)