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From the Lehman conference call: "[The Lehman] base case assumes national home prices drop 32% peak to trough, vs. 18% to date, with California down 50% vs 27% to date." Ian T. Lowitt, Lehman CFO http://investor.shareholder.com/lehman/events.cfm Fifty percent. Jesus.

http://us.ft.com/ftgateway/superpage.ft?news_id=fto090920081455449405&page=2 "Mortgage rates initially fell further, but by mid-afternoon in New York the move had halted. An index of Fannie Mae's 30-year current coupon touched a low of 5.07 per cent before it retreated to 5.21 per cent...

The futures are indicating the market likes this quite a bit so far, much to my dismay, while the japanese index is down. Americans eternal optimists, japanese eternal pessimists, it seems. Dollar not liking it that much, though asian currencies are falling with respect to it so far. Sorry...

Just say this on another forum and I was wondering what you guys think: "How I can make an easy $500K I have 4 rental homes, 2 in AZ and 2 in CA. They are all in my name and credit. I'm going to let them all go into foreclosure and buy them back from the auction. I've done the...

The world financial markets seem absolutely gorged with debt, especially with the coming Freddie Mac bailouts. I can't see how rates for all types of debt woud not increase.

That one will cost 500M$ to the FDIC. As you can see, it's the state of the FDIC reserves that I'm watching more than the number of bank failures.

Any bank that "needs a capital infusion" is not a good sign. I don't know the details and haven't studied their central bank - and I don't know what particular variation of "democracy/capitalism" the Chinese adhere to so I don't know the details. But it says there they have a teeeny 3.2B$ in...

This one's for Panda: <a href="http://www.nytimes.com/2008/09/05/business/worldbusiness/05yuan.html?_r=1&oref=slogin">Main Bank of China Is in Need of Capital</a> 1. Asia's not a safe haven. 2. From the article: "For one, it makes it less likely that China will allow the yuan to...

Ya me neither. Thankfully we're getting rid of one of the two in a few months.

Speaking of bailout, Fannie & Freedie are both down 20% in after-hours on speculation/news from WSJ that the government would bail them out in the next few weeks but potentially wipe out shareholders (same old, same old). In other news, somehow the banks had rallied 3% today. Short or...

Ya well I wasn't too impressed about the part where he basically asks for a bailout: "Over <strong>$400 billion in bank </strong>- and finance-related capital has been raised during the past year, <strong>a decent amount </strong>of it, by the way, <strong>having been bought by yours truly...