« A Look Back at Salvage Fest '07 Tuesday Events »
February 19, 2008
Tuesday Links
Wallabout. Photo by Pro-Zak.
Living in a Houseboat on the Hudson River [NY Times]
The Race to Develop a Toxic Waterway [Gotham Gazette]
Councilman Wants to Restrict ACRIS Access [The Real Deal]
7 Competing for Miss. Brooklyn Title [NY Daily News]
Yvette Clarke: Not-So-Superdelegate? [Hawthorne St.]
Falafal Coming to Church Ave. [Kensington Blog]
Mixture of Styles in Gowanus [Velvet Sea]
The Mysterious Masks of Tiffany Place [Lost City]
Di Fara's Slices Now Cost $4 [NY Post]
Pirates Invade Bay Ridge [Right in Bay Ridge]
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Comments
Good day Asshats. we have a problem looming in the credit markets. Interest rates are set to rise. The Ten Year note is rising and that will have a impact on rates.
State and Local governments are paying higher rates for Bonds. This will have a serious impact on you property and income taxes. Here read this.
Pittsburgh Hospital Redeems `Loan Shark' Auction Debt
http://www.bloomberg.com/apps/news?pid=20601087&sid=alg9g8vGRoV4&refer=home
Plus food and energy prices are skyrocketing! I hope you are paying attention.
U.S. January Import Prices Rise More Than Forecast
http://www.bloomberg.com/apps/news?pid=20601103&sid=akcmnJVx4JbQ&refer=us
Last but not lease. Pray to GOD the don't spilt the Monolines up, Interest rates will go to the moon. Now lets see someone refute this!
The What
Someday this war is gonna end...
Posted by: guest at February 19, 2008 8:41 AM
Morning Fucktard,
Why do you think interest rates rise if the monolines get split up? I expect the split to be a good thing - saving the municipal bond market.
Posted by: Brooklynnative at February 19, 2008 11:12 AM
Wait wait wait. Di Fara's slices are now $4 and this is just news today? This happened two weeks ago. Wake up.
Posted by: guest at February 19, 2008 11:13 AM
that's not wallabout - its vinegar hill. evans st.
Posted by: guest at February 19, 2008 1:19 PM
Well.. I'm still going to chill...
To answer your question Brooklynnative, Monolines provide insurance to multiple forms of Bonds. From MBS, Muni, CDO and Derivatives. If these companies are allow to split they would lose their AAA Rating.
With out this rating they cannot insure bonds and borrowing cost (Rates) will go to the moon.
People who buy Bonds would want a higher rate to insure against default. So this is a bad idea and would lead to Unintended Consequences.
http://en.wikipedia.org/wiki/Unintended_Consequences
The What
Someday this war is gonna end.....
Posted by: guest at February 19, 2008 4:31 PM
Oh Brooklynnative, Please rap your mind around this. This is what happens when Monolines blow up. Happy reading!
Vallejo On Brink Of Bankruptcy
http://www.nbc11.com/news/15345539/detail.html
Dig this!
The city of Vallejo is on the brink of becoming the first California city ever to declare bankruptcy.
But not the last one!
The What (Retrofitting the bunker)
Someday this war is gonna end..
Posted by: guest at February 19, 2008 8:22 PM
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