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Ding, Ding, Ding. We have a 90% rollback from peak. Sold July 2007 for $350,000, now for sale at $34,900. http://www.redfin.com/CA/Palm-Springs/472-W-Palm-Vista-Dr-92262/home/6044241 Date Event Price Appreciation Source Dec 10, 2008 Price Changed $34,900 -- DAMLS #21345978...

While cities and counties can declare bankruptcy, states cannot. They can however default on their bonds. This means that the State cannot get cramdown relief for outstanding liabilities. It can however try to renegotiate some kinds of those liabilities. It's stuck with accrued pension...

Culver City, 1989 rollback. Actually looks to be in good shape. http://www.redfin.com/CA/CULVER-CITY/4083-BLEDSOE-Ave-90066/home/6738604 4083 BLEDSOE Ave CULVER CITY, CA 90066 Price: $699,000 Beds: 3 Baths: 2 Sq. Ft.: 1,487 $/Sq. Ft.: $470 Lot Size: - Property...

If you don't mind some insolvency risk, here is a comparison for you. Bank of America 5 yr CD, APR of 2.60% (bankrate.com) Bank of America bonds, about 6 years to final maturity, 7.04% ask yield. CUSIP 06050XSY0. Minimum quantity $5000. What is the FDIC guarantee worth to you...

What if the Fed printed money and bought stocks?

Why exactly is this a responsible renter bailout? If I did something called a responsible renter bailout, it would go like this: 1. Rent a bank owned or government owned house. Join the Renter Homestead Program. 2. The rent is set initially at market rent, and increases with...

I'm already laid off. Second time this year. Hope to have a new job within about a week. My company will be around next year. I suspect they will lay off a number of people throughout 2009 and 2010. After the credit crisis is over, maybe they will get together with a few other...

I have been trying to formulate a good response to Prof Shiller's comments on this topic "In the first of three proposals, Shiller said finance needs to be democratized. He said "a good part of the problems we have is because individuals aren't able to get good financial advice." To remedy...

The CDS collateral requirements are one reason for the demand for short term treasuries. For a number of OTC swaps, including a lot of CDS, it is one of a few acceptible forms of collateral.