Use of lower-rated debt in repos has returned to pre-crisis levels - Credit Writedowns

Use of lower-rated debt in repos has returned to pre-crisis levels
Credit Writedowns
But that's now starting to change. A report by Fitch Ratings says that the use of lower-rated debt in repos has returned to “pre-crisis” levels. And, by the way, they're back to using bonds backed by subprime and low-quality residential mortgages.

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Much heat, little light on housing in Florida debate - Reuters

Much heat, little light on housing in Florida debate
Reuters
By Andy Sullivan | JACKSONVILLE, Florida (Reuters) - Republicans presidential candidates have taken a hands-off policy on the US housing crisis. At a debate on Thursday in Florida, it devolved into finger pointing. A question about the government's ...

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Financial Crisis American Gridlock, Why The “Left” And The “Right” Are Both Wrong - The Market Oracle

Financial Crisis American Gridlock, Why The “Left” And The “Right” Are Both Wrong
The Market Oracle
As was the case of the policy proposals I introduced last week for redressing today's Lost Decade and tomorrow's Entitlements Spending crisis, my goal will be to deduce win-win solutions to these issues, solutions that are neither Left- nor Right-wing ...

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Illusion Of Economic Recovery – Feelings & Facts - The Market Oracle


The Market Oracle
Illusion Of Economic Recovery – Feelings & Facts
The Market Oracle
The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved." - Ludwig von Mises The last week has offered an ...

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CNN's Wolf Blitzer Bungles Foreclosure Question, Allows GOP Candidates To ... - ThinkProgress


ThinkProgress
CNN's Wolf Blitzer Bungles Foreclosure Question, Allows GOP Candidates To ...
ThinkProgress
That made last night's debate, which was held in Jacksonville, the appropriate place to ask the remaining Republican candidates how they would address the crisis. Voters, in fact, were waiting to hear the candidates' answers.

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Florida's dire housing market hangs over primary - CBC.ca


CBC.ca
Florida's dire housing market hangs over primary
CBC.ca
Askinazi said she has $15000 to make an initial rent-to-own payment directly to a friend of her mother's for her house in nearby Gibsonton, then will continue to pay her a mortgage "for a couple of years." If successful, her home-buying plan will ...

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Audit Notes: Fukayama on the Crisis, WSJ on Exec Pay, Nonprofit News - Columbia Journalism Review (blog)

Audit Notes: Fukayama on the Crisis, WSJ on Exec Pay, Nonprofit News
Columbia Journalism Review (blog)
In their minds, they weren't deliberately trying to defraud people, but if they saw an opportunity to take advantage of less sophisticated buyers of subprime mortgages, they would go ahead and do it. I've got this very simple view, which is that I ...

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