As you may know (or at least expected), <a href="http://money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100315">President Bush signed the bailout bill</a>. It's now law.
Here's a link to the <a href="http://money.cnn.com/2008/10/01/news/pdf/">final...
Interesting article in The New York Times: <a href="http://www.nytimes.com/2008/09/26/business/26bailout.html">Talks Implode During Day of Chaos; Fate of Bailout Plan Remains Unresolved</a>
My favorite quote: ?If money isn?t loosened up, this sucker could go down.? President Bush, Sept...
<a href="http://lansner.freedomblogging.com/2008/09/19/foreclosures-slice-of-home-sales-soars-5-fold/">Foreclosures? slice of home sales soars 5-fold</a>
Not really "news" to those visiting the IHB, but it's nice to know the MSM is getting the word out.
<strong>Merrill: No longer in denial</strong>
<blockquote>When Merrill Lynch (MER, Fortune 500) on Monday sold a $30.6 billion portfolio of risky mortgage debt for 22 cents on the dollar, it took a big - though by no means final - step toward providing the sort of transparency that will...
I'm looking to rent a SFR while I wait out the market and need some advice.
(1) Does a $5,500 deposit (including a $1,000 pet deposit for two dogs) sound high for a property that rents out for $3,600 per month? My experience has always been that a normal security is equal to one month's...
<p><strong>New $20B subprime bailout on the table</strong></p>
<p>A proposal to bail out subprime mortgage borrowers who are at risk of foreclosure was floated at a Senate Banking Committee hearing Thursday. </p>
<p>Senator Chris Dodd, the committee chair, said he is working to create a Home...
Bond giant's $8.1 billion surprise
"Just hours after dodging a potentially devastating downgrade from ratings agency S&P, bond insurance giant MBIA disclosed late Wednesday a massive $8.1 billion exposure to the same risky investments that have been wreaking havoc on Wall Street in recent...