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Afternoon Quickie 04/07/2009

MISH'S Global Economic Trend Analysis - Treasury To Delay Reporting Bank Stress Test Results The Big Picture - Geithner Addresses Mortgage Fraud Pro Publica - Does AIG Really Need to Pay Its Counterparties in Full? Deal Journal - Evening Reading: Blankfein Jumps on Bonus Outrage Bankwagon

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Afternoon Quickie 03/12/2009

Paper Economy - Effervescent Equity: The Federal Reserve's Household Equity Estimate Q4 2008 Huffington Post - Bernie Madoff's Jail Cell At Metropolitan Corrections Center Calculated Risk - S&P: Delinquencies Surge for HELOCs and Jumbo Prime Loans Pro Publica - Bailed Out Bank Had Friends in High Places

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While there’s been plenty of colorful and lively commentary here at Blown Mortgage regarding the necessity of the mortgage bailout, all points are pretty much moot. It’s been passed, and it’s going into effect, so the only thing to do now is to hope it does well and helps to achieve its goals. These include [...]

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Home prices tank across the country

How's your market holding up? The New York Times has graphed the Case-Shiller Index for home prices across the U.S. in the Case-Shiller markets. They're all ugly. Here's Los Angeles and San Francisco for us Californians. Check out the charts on NYTimes.com for your market. Note that both San Francisco and Los Angeles have nearly [...]

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Cut Up Your AMEX Card, Get $300

American Express is looking for any way to get rid of additional credit exposure by paying current card holders $300 to cancel their credit card account.  That's right, paying to get rid of card holders.  They're doing it via a targeted "promotion" that select members will receive in the mail.  If you get this offer [...]

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