Friday Links
Prospect Heights. Photo by EmpressM. On Mortgage Relief, Who Gains the Most? [NY Times] Some Needing Mortgage Aid Won’t Get It [NY Times] City Keeping Water Rate From Rising [NY Times] Doctoroff Quits To Become Head of Bloomberg LP [NY Post] Spitzer Keeps Pushing for Fare Hike [NY Daily News] Stiff Penalties On Tap for…
Prospect Heights. Photo by EmpressM.
On Mortgage Relief, Who Gains the Most? [NY Times]
Some Needing Mortgage Aid Won’t Get It [NY Times]
City Keeping Water Rate From Rising [NY Times]
Doctoroff Quits To Become Head of Bloomberg LP [NY Post]
Spitzer Keeps Pushing for Fare Hike [NY Daily News]
Stiff Penalties On Tap for Water Scofflaws [NY Sun]
Market Turmoil Alters Financing Landscape [NY Sun]
Lenders’ Stock Climbs on Mortgage Rate Freeze [Crain’s]
Jersey Brokers Fishing for Buyers in Slope [Brooklyn Paper]
I just realized what “The What” stands for!
Totally
Hysterical
Egomaniac
Wasting
Hot air
Again
Today
726 billion is a tiny fraction of the worldwide economy. Its roughly the eqivalent of 3 days of total global economic output and is probably grossly exagerrated.
Good Day. Remember that relief thing? Well there is a unintended consequence thing going on. The Bond market will take it from here, Thank you. Now you will see rates go to the roof. The FED or anybody else won’t be able to help.
Bush’s Subprime Mortgage Freeze Stymies Bond Market
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHJV5Csj4eLM&refer=home
Oh man, read it. Some of this stuff is rich.
President George W. Bush’s plan to freeze interest rates on some subprime mortgages may prove to be a cure that breeds another disease.
Here is the backbreaker!
Mortgage securities and leveraged loans have already caused $66 billion of losses at the world’s banks. Goldman Sachs Group Inc. estimated last month that losses in credit markets worldwide may reach $726 billion.
That’s 726 BILLION dollars! Now you think you be able to get a Mortgage 2008?? Good luck with that.
The What
Someday this war is gonna end…