February 2009 - Blown Mortgage

February 2009

Credit Crisis Explained

I know this has been around for a long time, but I think this is a very elegant animation and description of the problems we face: The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

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Are We Running Out Of Money?

With the $700 billion here, $75 billion there numbers that we’ve been constantly bombarded with as consumers, eventually it all just sort of passes over us like “oh, that’s a lot o money,” without anyone real concern as to where the money is coming from and the potential ramifications of introducing said money into the [...]

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Afternoon Quickie 02/26/2009

Mortgage Insider - Banking industry reports first loss in 18-plus years Huffington Post - Citigroup-Government Stake Deal Could Come As Soon As Today: Wall Street Journal Deal Journal - The Next Jamie Dimon and Sandy Weill: ‘Saint Ossie' at UBS vs. Dougan at Credit Suisse Calculated Risk - Obama Budget: $250 Billion for TARP II Housing Wire - FDIC Completes [...]

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CPAs v. Economists: Who do you believe?

The American Institute of Certified Public Accountants issued a report last week saying don’t expect any improvement until 2010 at least: “any economic recovery will begin six months later than previously expected.” By contrast the National Association for Business Economics put out a report this week saying, “economic activity is expected to turn up in [...]

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Morning Quickie 02/26/2009

The Big Picture - Attack of the Zombies ! Housing Wire - Record Jump in Non-Agency Jumbo Prime Foreclosure Starts: Report Mortgage Insider - House expected to pass mortgage ‘cramdown' bill Naked Capitalism - AIG Breakup LIkely Mish's Global Economic Trend Analysis - Bernanke's Boiled Frog Plan To Recapitalize Banks

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