Top Stories:
Run on UK property funds - (www.telegraph.co.uk)
WaMu Cuts Dividend, Jobs Amid Mortgage Losses - (www.cnbc.com)
Bank of America Winding Down $12 Billion Fund - (www.cnbc.com)
Washington Mutual Plans to Raise $2.5 Billion, Cut 3,150 Jobs - (www.bloomberg.com)
MBIA Gets $1 Billion From Warburg Pincus, Sees Losses - (www.bloomberg.com)
Mortgage Fees Rising, Even for Prime Borrowers - (www.cnbc.com)
Interest rate 'freeze' - the real story is fraud - (www.sfgate.com)
New Mexico land sale plunge hurts developer – (albuquerque.bizjournals.com)
Bush's Subprime Mortgage Freeze Stymies Bond Market - (www.bloomberg.com)
Iran stops selling oil in U.S. dollars - (uk.reuters.com)
Its Credit and its Crunchy - (www.youtube.com)
Citigroup offloads assets from SIVs - (www.ft.com)
Citigroup has slashed the size of its struggling off-balance-sheet investment funds by more than $15bn in two months through quiet side deals with some junior investors, according to people familiar with the business
Other Stories:
MBIA To Get $1 Billion from Warburg Pincus - (www.cnbc.com)
Mortgage Fees Rising, Even for Prime Borrowers - (www.cnbc.com)
Home Sales Rise, But So Do Recession Forecasts - (www.cnbc.com)
Large drop in U.S. house prices - (www.thestar.com)
Why House Prices Are Important To the U.S. Economy - (seekingalpha.com)
What Should Today's Median Housing Price Be? - (seekingalpha.com)
Priced to sell - (www.sptimes.com)
House equity down in the third quarter - (money.cnn.com)
Seattle house prices slip - (seattletimes.nwsource.com)
Housing Bubble Xmas List - (www.stockmania.com)
Its Credit and its Crunchy - (www.youtube.com)
UBS Writes Down $10 Billion, Singapore Injects Capital - (www.cnbc.com)
Citigroup Board Expected to Pick CEO This Week - (www.cnbc.com)
Freddie Mac Changes Delinquent Loan Procedure - (www.cnbc.com)
Interest rate 'freeze' - the real story is fraud - (www.sfgate.com)
Bush bailout rewards the cheaters - (www.denverpost.com)
Whom Will the Subprime Plan Help? - (www.time.com)
Bush's bogus bailout - (carolynbaker.net)
What You Need to Know About Mortgage Bailouts - (efinancedirectory.com)
Straight Talk on the Mortgage Mess from an Insider - (blogs.marketwatch.com)
Bush's Subprime Mortgage Freeze Stymies Bond Market - (www.bloomberg.com)
Moral Hazard Cited as Bush Acts on Loans - (www.nysun.com)
Meddling in the markets - (www.economist.com)
Citigroup offloads assets from SIVs - (www.ft.com)
Citigroup has slashed the size of its struggling off-balance-sheet investment funds by more than $15bn in two months through quiet side deals with some junior investors, according to people familiar with the business
· SocGen joins other banks to bail out its SIV
· Standard & Poor’s marks down SIVs
· SIVs hit out over upfront fund fees
· On Wall St: Super fund pill can’t treat the SIV illness
UBS takes new $10bn subprime hit - (wwwft.com)
Bank turns to Singapore fund
MBIA gets $1bn injection from Warburg - (wwwft.com)
Private equity group to buy 16.1m shares
WaMu wields axe in wake of credit crisis - (www.ft.com)
Home sales gain but trouble looms - (money.cnn.com)
Pending Sales of Existing U.S. Homes Rose in October - (www.bloomberg.com)
Local Home Foreclosures on the Rise - (www.washingtonpost.com)
Companies trim holiday parties, bonuses - (www.usatoday.com) (12/10/2007 05:47 AM)
Loan Mess Rivals S&L Meltdown - (www.wsj.com) ($)
Big Banks Scale Back Plan to Aid in Debt Crisis - (www.nytimes.com)
Societe Generale Takes On $4.3 Billion of SIV Assets - (www.bloomberg.com)
Bank-Lending Drought May Continue Next Year, BIS Says - (www.bloomberg.com)
Absolute return suffers mass exits - (www.ft.com) ($)
The Next Bubble? - (www.forbes.com)
Diesel price hikes driving change in several industries - (www.latimes.com)
Freddie Mac to Restrict Delinquent Loan Purchases - (www.bloomberg.com)
U.S. banks' analysis jobs going to India - (www.latimes.com)
Henry Paulson's Holiday Wish List - (www.ft.com) ($)
Decoupling dies as half the globe hits crunch - (www.telegraph.co.uk)
If MBIA Is AAA, Britney Spears Is Pure as Snow: Jonathan Weil - (www.bloomberg.com)
Tuesday, December 11, 2007
Tuesday December 11 Housing and Economic stories
Monday, December 10, 2007
Monday December 10 Housing and Economic stories
Top Stories:
Commercial Real Estate Shoe Is Falling - (globaleconomicanalysis.blogspot.com/)
Hope Is Now a Sucker Trap - (globaleconomicanalysis.blogspot.com/)
Little Hope For Hope Now Alliance - (globaleconomicanalysis.blogspot.com/)
House Prices Seen Falling 30% - (biz.yahoo.com)
ARM Bailout Unfair to Responsible Borrowers - (seekingalpha.com)
Record house foreclosures cause snow removal problems - (kstp.com)
AAA moment of truth for monolines - (www.ft.com)
Beware of more 'hidden' subprime losses - (www.marketwatch.com)
Shockwave from credit crisis continues to spread - (www.ft.com)
Interest rate 'freeze' - the real story is fraud - (www.sfgate.com)
Other Stories:
How mortgage-rate freezes could go wrong - (sfgate.com)
It's Not 1929, but It's the Biggest Mess Since - (washingtonpost.com)
Wave of Bank Failures is Coming - (globaleconomicanalysis.blogspot.com/)
Details of the Bush Plan - (globaleconomicanalysis.blogspot.com/)
MBIA and Ambac's Capital in Doubt- (globaleconomicanalysis.blogspot.com/)
How Much of a Rate Cut? - (www.nytimes.com)
Fed expected to lower rates despite raging inflation - (www.marketwatch.com)
Hopes of half-point Fed rate cut slim - (www.ft.com)
Bush Announces Five-Year Freeze on ARM Rates - (efinancedirectory.com)
Rate Freezes Won't Solve Foreclosure Problem - (seekingalpha.com)
After the Bust Comes the Freeze - (seekingalpha.com)
Public Opinion of Subprime Rescue Packages - (homeguide123.com)
Why This Mortgage Proposal is Hot Air - (doctorhousingbubble.com)
Exhaustion, Jobs and Housing - (Charles Hugh Smith)
House prices seen falling 30% - (reuters.com)
CDO's Explained - (portfolio.com)
Derivatives for Leading Domestic Financial Companies - (ibanknet.com)
Fannie Mae to Issue $7 Billion In Stock to Help Steady Itself - (washingtonpost.com)
Lax lending rules send bad message - (idahostatesman.com)
Get Out Of Debt - (youtube.com)
Investors switch to more cautious path - (www.ft.com)
Loan fix requires investors to yield - (www.latimes.com)
CompUSA, Falling to Competition, to Shut Down After Holidays - (www.bloomberg.com)
The UK economy is vulnerable - (www.ft.com)
UK owners may be forced to sell homes - (www.ft.com)
China Tells Banks to Raise Reserves to Cool Economy - (www.bloomberg.com)
Thursday, December 6, 2007
Thursday December 6 Housing and Economic stories
Welcome to Las Vegas' housing market
· BayRock Mortgage (Wholesale)
· Empire Bancorp
· Option One - H&R Block
· Citigroup - FCS Warehouse
· Charter One (Wholesale)
MBIA Capital May Be Inadequate: Moody's - (http://ml-implode.com/staticnews/2007-12-05_MBIACapitalMayBeInadequateMoodys.html ) or (http://biz.yahoo.com/ap/071205/mbia_moody_s.html?.v=1 )
- The situation is now apparently different from a few weeks ago, says Moody's. What exactly is different? Moody's says "the market's perception
Bear Stearns faces new round of hedge fund claims - (news.moneycentral.msn.com)
Analyst sees Schwab unwinding SIVs in money markets" - (www.marketwatch.com)
At ETrade, Pain Went Far Beyond Subprime - (blogs.nytimes.com)
Florida Just First to Face National Run on the Bank - (bloomberg.com)
Florida Says Unfreezing Fund Would Spark Fire Sale' - (bloomberg.com)
We've never seen an inventory overhang that big in California - (socalbubble.com)
Middle class and out of a house in Chicago - (suntimes.com)
Jim Cramer on Market Manipulation - (www.youtube.com)
Credit markets in worst state for 47 years, says Legg Mason chief - (www.ft.com) ($)
California's Orange County funds in focus - (www.ft.com)
Defaults could quadruple next year - (www.ft.com) ($)
Clinton Calls for 90-Day Halt to Subprime Foreclosures - (www.cnbc.com)
Other Stories:
Pimco's Gross: Fed to Cut Key Rate 1/4 Point Tuesday - (www.cnbc.com)
Cuomo Will Let Ethics Panel Review Bear Stearns Ties - (www.cnbc.com)
Washington Post: "Neck-snapping spin, even by Bush standards..." - (www.bullnotbull.com/bull)
Thomas Friedman: Who Needs Nukes When You Have This Kind of America? - (www.bullnotbull.com/bull)
Fleck: Greenspan Dodging Blame for Housing Mess...(so far) - (www.bullnotbull.com/bull)
Wall Street Firms Subpoenaed Over Subprime - (www.bullnotbull.com/bull)
Credit crisis: outlook for 2008 - (money.cnn.com)
Foreclosures increase for new loans, studies show - (dailyreportonline.com)
Americans Turn Gloomier - (www.bullnotbull.com/bull)
Florida's Fund Crisis Worries Other States - (www.bullnotbull.com/bull)
The Biggest Mess Since 1929 - (www.bullnotbull.com/bull)
The Idiocy of the DCMA - A Slideshow - (www.bullnotbull.com/bull)
House prices see biggest drop in 25 years - (money.cnn.com)
Foreclosure rescue plan: No help for you - (money.cnn.com)
No bailout for borrowers - (optionarmageddon.blogspot.com)
Paulson Needn't Worry About Litigation Risk - (seekingalpha.com)
Paulson Goes to Washington, Loses Way - (bloomberg.com)
Lenders 'must prepare for worst' - (news.bbc.co.uk)
Houseowner be Damned - (greatdepression2006.blogspot.com)
Libor and Mortgages - (guardian.co.uk)
Subprime woes spread north of the border - (marketwatch.com)
Canada lowers rates - (nytimes.com)
There's No Shame in Renting, House Prices Will Fall - (homeguide123.com)
What is a Bubble? - (irvinehousingblog.com)
U.S. Added 189,000 Jobs Last Month, Triple Economists' Estimates, ADP Says - (www.bloomberg.com)
Expectations Vary for Fed's Move - (www.wsj.com) ($)
Bush to unveil mortgage plan - (www.ft.com)
Fed May Couple Rate Cut With New Measures to Increase Credit - (www.bloomberg.com)
Retailers' November Sales Rise in Slowest Holiday Since 2002 - (www.bloomberg.com)
U.S. services show softer conditions in Nov, ISM says - (www.marketwatch.com)
Mortgage fallout felt by GOP - (www.latimes.com)
Subprime Rate Five-Year Fix Eyed by U.S. Regulators - (www.bloomberg.com)
Deal Reached on Mortgage Rate Freeze - (www.ap.com)
Conn. state investment fund hit with mortgage woes - (www.theday.com)
Florida Fund's Debt Has `Indeterminate Value,' BlackRock Says - (www.bloomberg.com)
Fund Crisis in Florida Worrisome to States - (www.nytimes.com)
Wall Street Firms Are Subpoenaed - (www.wsj.com) ($)
Paulson's subprime crisis role questioned - (www.ft.com) ($)
Giant hedge fund walk from Block deal - (www.nypost.com)
Credit losses go from bad to worse, says Fannie - (www.ap.com)
Has Cerberus Lost Its Nose for Bargains? - (www.nytimes.com)
Ten rumors on The Street - (www.thestreet.com)
Moody's Says MBIA May Face Capital Shortfall - (www.bloomberg.com)
Wall St firms subpoenaed by NY prosecutors: (www.wsj.com) - (www.reuters.com)
Fannie Mae to Issue $7 Billion In Stock to Help Steady Itself - (www.washingtonpost.com)
With Blackstone, Worries Old and New - (www.wsj.com) ($)
Airlines set '08 cutbacks - (www.philly.com)
Bristol-Myers eyes 4,800 job cuts - (www.ft.com) ($)
U.K. Home Prices Fall for Third Month, Worst Streak Since 1995 - (www.bloomberg.com)
Northern Rock could be nationalized by February - (www.marketwatch.com)
It's Not 1929, but It's the Biggest Mess Since - (www.washingtonpost.com)
Freddie Mac's Accounting Evokes Shades of Enron: Jonathan Weil - (www.bloomberg.com)
Florida Just First to Face National Run on the Bank: Joe Mysak - (www.bloomberg.com)
Wednesday, December 5, 2007
Wednesday December 5 Housing and Economic stories
Top Stories:
Florida Investment Chief Quits; Fund Rescue Approved - (www.bloomberg.com) ***** Notice the investment chief relationship to key lobbyist and Jeb Bush campaign manager *********
Stipanovich, whose brother J.M. ``Mac'' Stipanovich is a Tallahassee lobbyist and Republican strategist who ran former Governor Jeb Bush's campaign for governor in 1994, was appointed executive director of the state board in 2002. In the late 1990s, Coleman Stipanovich worked as a lobbyist for PaineWebber Inc. in Florida and was paid $7,500 per month to help the firm win municipal bond business. Stipanovich, a Vietnam veteran, has a master of science degree in criminal justice administration from Michigan State University and a bachelors of science in criminology from Florida State University
Cerberus and H&R Block End Mortgage Unit Deal - (www.ap.com) – Another lender hits the implode-o-meter (see http://ml-implode.com/ )
Mozilo asks Fannie, Freddie to 'step up' - (www.latimes.com)
Florida's Pension Fund Holds Same `Suspect' Debt as Frozen Pool - (www.bloomberg.com)
Florida Accepts BlackRock Plan to Split Government - (www.bloomberg.com)
The blood on Greenspan's hands - (articles.moneycentral.msn.com)
Lennar dumps properties for fraction of previous value - (money.cnn.com)
Troubled Builders, Bargain Seekers United - (online.wsj.com)
Sen Dodd questions on Paulson's role at Goldman - (www.reuters.com)
Gov't prepares to violate contract law - (www.wallstreetexaminer.com)
Home Prices Suffer Biggest Drop In 25 Years - (www.cnbc.com)
Fraud Investigators Brace for Subprime Arsons - (www.insurancejournal.com)
Ontario braces for ABCP blow - (www.globeinvestor.com)
Other Stories:
Lex: Lessons from Florida - (www.ft.com)
Paulson dismisses Citigroup talk - (www.ft.com)
Legg Mason chief sees dire credit market - (www.ft.com)
Chip Mason says state is worst in 47 years
Cheyne Finance vehicle revamp - (www.ft.com)
China in fresh curb on bank lending - (www.ft.com)
Beijing is to extend a clampdown on new bank lending into next year because of fears that rising inflation could become unmanageable
US slowdown threatens Chinese export growth - (www.ft.com)
Dow Chemical to cut 1,000 jobs - (www.ft.com)
Fannie Mae Cuts Dividend by 30%; Shares Fall - (www.cnbc.com)
Credit Recovery Will Be 'Slow': Treasury Official - (www.cnbc.com)
Fast Money: A Cut-Rate Market? - (www.cnbc.com)
Abby Joseph Cohen: Economy to Rebound in 2008 - (www.cnbc.com)
Loan Modifications: Delaying the Inevitable - (www.seekingalpha.com)
Economy Is Key Issue for Voters - (www.wsj.com) ($)
Foreclosure rescue: No help for you - (money.cnn.com)
Dow to cut 1,000 jobs, close three plants - (www.cnet.com)
Greenspan dodging blame he deserves - (articles.moneycentral.msn.com)
Recession, Energy Worries Turn Americans Gloomier, Poll Finds - (www.bloomberg.com)
Dodd questions Paulson’s role in subprime crisis - (www.ft.com) ($)
World food prices to rise - (www.boston.com)
U.S. debt: $30,000 per American - (money.usatoday.com)
Mortgage meltdown - (www.chicagosuntimes.com)
Why its likey the economy is in recession now - (www.nypost.com)
Florida's Pension Fund Holds Same `Suspect' Debt as Frozen Pool - (www.bloomberg.com)
Florida Accepts BlackRock Plan to Split Government - (www.bloomberg.com)
Orange County Says Funds Holds SIV Debt Facing Cut - (www.bloomberg.com)
The chill spreads to commercial real estate - (www.latimes.com)
Falling prices driving crisis - (www.boston.com)
How Florida Might Unfreeze a Fund - (www.wsj.com) ($)
Debt Reckoning Is Also Looming For LBO Shops - (www.wsj.com) ($)
Paulson Sees Limited Aid in Rate Plan - (money.nytimes.com)
What You Need to Know About SIVs - (www.thestreet.com)
Legg Mason chief sees dire credit market - (www.ft.com) ($)
CME trading volume up 41% from last year - (www.chicagotribune.com)
Financial market risk resurges: Treasury's Ryan - (www.reuters.com)
Losses Stack Up - (www.washingtonpost.com)
The chill spreads to commercial real estate - (www.latimes.com)
Investors puzzled by complex products - (www.ft.com) ($)
Morgan Stanley warning hits UK banks - (www.ft.com) ($)
Convertible bond issues at record levels - (www.ft.com) ($)
Fannie Mae to Sell $7 Billion in Preferred Stock, Cuts Dividend - (www.bloomberg.com)
Citi Subprime Losses `Greatly Exceeded' Profits, Mills Says - (www.bloomberg.com)
Fannie Mae could face more losses - (www.fortune.com)
UAL passenger load slips - (www.chicagotribune.com)
The Short View: Earnings forecasts - (www.ft.com) ($)
Gift cards gravitating to the practical - (www.startribune.com)
Fannie, Freddie Face Conflicting Demands - (www.washingtonpost.com)
Nokia forecast disappoints, shares hurt - (www.cnet.com)
Dow Chemical to cut 1,000 jobs - (www.ft.com) ($)
Canada Unexpectedly Cuts Rate as Dollar Gains - (www.bloomberg.com)
GCC States Back 2010 Single Currency, Quiet on Dollar - (www.bloomberg.com)
Ontario braces for ABCP blow - (www.globeinvestor.com)
UK commercial property volumes fall - (www.ft.com) ($)
UK mortgage market could face £30bn squeeze in 2008 - (business.timesonline.co.uk)
China in fresh curb on bank lending - (www.ft.com) ($)
Ron Paul on the Evil Fed, the IRS, and Saving the Buck - (www.businessweek.com)
Price Declines Portend Extended Downturn - (ww.seekingalpha.com)
Housing Slump's Third Year to Be Deepest Since WWII - (www.bloomberg.com)
The blood on Greenspan's hands - (articles.moneycentral.msn.com)
Paulson bailout will save few homes - (www.doctorhousingbubble.com)
Bailout Impact May Be Limited - (www.nytimes.com)
Wall Street Falls on Mortgage Unease - (biz.yahoo.com)
Orange County foreclosure rate zooms past '90s level - (www.ocregister.com)
O.C. distressed houses up 6% in 2 weeks - (mortgage.freedomblogging.com)
Subprime Debacle Traps Even Very Credit-Worthy - (online.wsj.com)
Explaining Rate Sheets - (online.wsj.com)
For the National Museum of American History - (themessthatgreenspanmade.blogspot.com)
Innovating Our Way to Financial Crisis - (www.nytimes.com)
Home-free - for now - (www.sptimes.com)
Tuesday, December 4, 2007
Tuesday December 4 Housing and Economic stories
Top Stories:
Maine: $20M State Investment Questioned - (www.chron.com)
INTERVIEW-Maine Treasurer Criticizes Merrill for Subprime Bet - (www.reuters.com)
Florida Says Unfreezing Local Fund Would Spark a `Fire Sale' - (www.bloomberg.com)
Bank guarantees made CDOs more attractive to money markets – (www.businessweek.com)
One-Month Pound Libor Soars as Banks Seek Year-End Funding - (www.bloomberg.com)
Equity Still Plummeting - (wallstreetexaminer.com)
Fed May Cut Interest Rates A Full Point: Citi Economist - (www.cnbc.com)
Experts See Legal Fallout From Subprime Plan - (www.cnbc.com)
Paulson's Plan to Punish the Public - (fool.com)
Greenspan "Very Bad" Fed Chairman - (bloomberg.com)
Upscale House Prices Are Going Down - (abcnews.go.com)
E*Trade Marked To Reality - What Happens If Citigroup Is? - (globaleconomicanalysis.blogspot.com)
Other Stories:
Paulson's Plan Is Nothing But Lip Service - (globaleconomicanalysis.blogspot.com)
Earnings Recession Has Arrived - (globaleconomicanalysis.blogspot.com)
Sell Now Ask Questions Later - (globaleconomicanalysis.blogspot.com)
Eurozone Dilemma - (globaleconomicanalysis.blogspot.com)
California Forgoes Insurance On Municipal Bonds - (globaleconomicanalysis.blogspot.com)
Fast Money: Will Morgan's Mack Get The Knife? - (www.cnbc.com)
Freddie Mac CEO: Paulson Plan a Good Start - (www.cnbc.com)
Manufacturing Grows at Slowest Pace in 10 Months - (www.bloomberg.com)
Subprime mortgages and credit card woes - (www.economist.com)
Mortgage meltdown – (www.abc.net.au)
Interbank rates fuel concern - (www.ft.com)
Senior bankers lay blame on year-end
Discover fuels UK credit concerns - (www.ft.com)
Experts See Legal Fallout From Subprime Plan
If the government freezes rates for troubled homeowners, expect legal challenges from mortgage investors, experts say. But do they have a case?
Paulson: The Deal Is on Its Way
Gold ends higher after last week's steep fall – (www.marketwatch.com)
To cool a market meltdown, apply aid carefully - (csmonitor.com)
Treasury plan won't help all borrowers - (businessweek.com)
Banking: This Disaster Was Guaranteed - (businessweek.com)
Subprime Woes Hit Credit-Worthy - (www.wsj.com) ($)
Mortgage Relief Impact May Be Limited - (www.nytimes.com)
Subprime: Everything You Wanted To Know - (metrocorpcounsel.com)
How the subprime fallout affects development - (freedomblogging.com)
Recession Hits U.S. Corporate Profits; Economy Might Be Next - (www.bloomberg.com)
Liquidity concerns grip banks - (www.economist.com)
Foreclosure rescue: No help for you – (money.cnn.com)
Paulson ‘confident’ of mortgage deal - (www.ft.com) ($)
Aberdeen chief warns credit squeeze is long-term - (www.ft.com)
US house prices fall sharply - (guardian.co.uk)
Sales Drop 23.5%; Prices Fell 13% - (seekingalpha.com)
Study Warns of Decline In Value of U.S. Houses - (realestatejournal.com)
Housing glut causes rents to fall - (pe.com)
Carmakers warn of tough times in US - (www.ft.com) ($)
Citi SIVs on Moody’s negative review - (www.ft.com) ($)
Smaller companies snag big share of surging U.S. exports - (www.chicagotribune.com)
US advertising faces ‘another poor year’ - (www.ft.com) ($)
Pleas for rate cut as interbank loans dive – (www.telegraph.co.uk)
U.K. financial service woes have ripple effects - (www.economist.com)
The tables turn on Singapore's pioneering investment fund - (www.economist.com)
Insured House Mortgage Defaults Reach Six-Year High - (bloomberg.com)
Foreclosure Filings Increase 94 Percent in October - (efinancedirectory.com)
Deal in the Works To Freeze Rates on Subprime Loans - (washingtonpost.com)
Some Investors Fault Plan to Aid Borrowers - (online.wsj.com)
The cold comfort of economic collapse - (atimes.com)
New House Sales And Recessions - (bp1.blogger.com)
SUV Bailout To Keep America Humming - (patrick.net)
Monday, December 3, 2007
Monday December 3 Housing and Economic stories
Top Stories:
U.S. mortgage industry hashes out rate-freeze plan - (www.reuters.com)
Sub-prime crisis leaves state schools in Florida ‘flat broke’ – (business.timesonline.co.uk)
Fund freeze leaves school body 'flat broke' - (www.ft.com)
Fed seeks to ease money market strains - (www.ft.com)
Audio Interview With Dean Baker - (www.rttnews.com)
Video Interview with Cramer on Housing - (www.thestreet.com)
Moody's Takes Ratings Action on Six of Citigroup's Seven SIVs - (www.bloomberg.com)
In Real Estate, Even Smart Money Got Burned - (www.dealbook.blogs.nytimes.com)
Supply of houses on market at 22-year high - (www.marketwatch.com)
Other Stories:
Yen Advances as Moody's Prepares Rating Cuts on Subprime Losses – (www.bloomberg.com)
Fed seeks to ease money market strains - (www.ft.com)
Mortgage bankers wary of Paulson plan – (news.bostonherald.com)
Bailout Not Complete Solution - (www.latimes.com)
Estimates May Have Overstated Job Growth - (www.nytimes.com)
Foreclosures Piling Up - (www.ap.com)
October foreclosure filings surge - (www.money.cnn.com)
House foreclosures soar 94 percent - (www.reuters.com)
U.S. Foreclosures Almost Double on Adjustable Mortgages - (www.bloomberg.com)
Lax oversight spurs foreclosures - (www.detnews.com)
Hawaii foreclosures continue rise - (www.honoluluadvertiser.com)
Southland economy slows for third quarter - (www.latimes.com)
Mortgage parley – (www.signonsandiego.com)
US property risks - (www.ft.com)
Experts see Bush mortgage fix as a bandage - (www.msnbc.com)
Citadel May Have Set Template - (www.wsj.com) ($)
Bond market illiquidity hits eurozone - (www.ft.com) ($)
U.S. Urges Freezing Some Rates on Loans - (www.nytimes.com)
Florida Weighs Steps Needed To Lift Freeze on State Fund - (www.wsj.com) ($)
Deal in the Works To Freeze Rates on Subprime Loans - (www.washingtonpost.com)
Fed sees "no signs of improvement" in West's housing - (www.lansner.freedomblogging.com)
What's so bad about falling house prices? - (www.latimesblogs.latimes.com)
New house prices plunge but sales still miss forecasts - (www.money.cnn.com)
Lennar, Morgan Stanley Forge Deal - (www.wsj.com) ($)
FedEx warns over slowdown - (www.ft.com) ($)
CEO blames high oil prices for downturn
Pessimism Over '08 Could Crimp Auto Production - (www.wsj.com) ($)
The gathering storm – (business.timesonline.co.uk)
Banks refuse dollar loans to exporters as cost rises – (economictimes.indiatimes.com)
U.S. Credit Crisis Adds to Gloom in Arctic Norway - (www.nytimes.com)
Insider trading probe at troubled German bank: reports – (news.yahoo.com/s/afp)
Rate cutting will not get us out of this mess - (www.ft.com) ($)
Prices Fall, Inventories Rise, NAR Spins - (www.seekingalpha.com)
Tempted by Financials' Fat Dividends - (www.businessweek.com)
In housing downturn, a new uncertainty factor - (www.csmonitor.com)
Worst yet to come for England's housing market - (www.economist.com)
Wells Fargo woes show breadth of mortgage meltdown - (www.sfgate.com)
Housing's Pain Not Easing - (www.thestreet.com)
