Thursday Links
Clyde 3YB. Photo by BH-THE BOYS. Freddie Mac’s Big Loss Dims Hope [NY Times] Brooklyn Subway Cars Rate High [Brooklyn Eagle] Competition for Kosher High-End Supermarkets [Crain’s] 2007 Mortgages Go Bad at Rapid Rate [WSJ] Parking Program Would Give Preference to Locals [NY Sun]
Clyde 3YB. Photo by BH-THE BOYS.
Freddie Mac’s Big Loss Dims Hope [NY Times]
Brooklyn Subway Cars Rate High [Brooklyn Eagle]
Competition for Kosher High-End Supermarkets [Crain’s]
2007 Mortgages Go Bad at Rapid Rate [WSJ]
Parking Program Would Give Preference to Locals [NY Sun]
I nearly spit my coffee out with the first 3 or 4 posts here. Now THAT was funny.
You all made my morning.
Wow! You gotta love this place. The whole Banking System is going to shit and still no one gives a shit. Ok, how about being “prescient” with more information folks… Damn…
The What
Someday this war is gonna end…
Hey the What.
I saw you this morning in the coffee line.
You look so nervous and paranoid.
We are -watching- you!
“I think ya’ll are fucking finished!”
This statement may be going a bit overboard. I’m no expert though.
Yes, a seer. Let me see what i can see in my crystal ball: I predict the what?’s urging for us to “flame on!” will become unnecessary on account of his inevitable self-immolation.
dittoburg- On the other hand you could simply think of yourself as prescient and begin a whole new career.
I clearly spoke too soon.
Morning Asshats! Please read Freddie Mac’s Big Loss Dims Hopes of Turnaround and 2007 Mortgages Go Bad at Rapid Rate.
Choice quotes.
“The gloom over the nation’s housing market deepened on Wednesday as Freddie Mac, the big mortgage finance company, reported a gaping quarterly loss and predicted that home prices would fall further than previously projected.”
““Home prices declined faster than anticipated in the first half of 2008,†Richard F. Syron, Freddie Mac’s chairman and chief executive, said during a conference call with analysts. Executives believe the housing market is only about halfway through its downward cycle, he said.
“At this point neither we nor anyone else can predict when the national housing market will stop falling,†Mr. Syron said.”
Mr. Syron is the CEO of Freddie Mac and he know what’s going on.
And…
Mortgages Made in 2007
Go Bad at Rapid Clip
“Mortgages issued in the first part of 2007 are going bad at a pace that far outstrips the 2006 vintage, suggesting that the blow to the financial system from U.S. housing woes will be deeper than many people earlier estimated.”
“will be deeper than estimated”
I like to put some questions to all the Housing Assholes!
1. Do you think you made a wise decision buying in this climate?
2. Do you think your “Investment” will appreciate in 2009?
3. Do you think you will be able to sell at a profit?
4. Do you think you will be able to access capital in the future.
I think ya’ll are fucking finished!
The What (Flame on!)
Someday this war is gonna end….
Where has the “what?” been for two days – that WSJ story is right up his alley. Could it be he’s keeping a low profile after making the news again:
http://www.theonion.com/content/news/local_idiot_to_post_comment_on