Archive for January, 2009

MortgageNewsClips: Distorted Dow, China – India, Blast From Past, UK, FHLBs, Tim Iacono on NAR, MGIC, Mtg vs Tsys, 20 Worst, Witch Hunt, Geithner, Default Notices, Ken Lewis Buys, OMG, Ira Has 2

Saturday, January 31st, 2009

MortgageNewsClips: Distorted Dow, China – India, Blast From Past, UK, FHLBs, Tim Iacono on NAR, MGIC, Mtg vs Tsys, 20 Worst, Witch Hunt, Geithner, Default Notices, Ken Lewis Buys, OMG, Ira Has 2
MUST READ: Bianco: The Dow is Distorted – James A. Bianco, CEO of Bianco Research, LLC – … Dow Jones, the keeper of the DJIA, has an unwritten rule that any DJIA stock that gets below $10 gets tossed out. As of last night’s close (January 20), The DJIA had the following stocks less than $10… Citi (C) = $2.80 GM (GM) = $3.50 B of A (BAC) = $5.10 Alcoa (AA) = $8.35 If all four of these stocks went to zero on today’s open, the DJIA would lose only 157.3 points.- Cumberland Advisors ———

UK & World News: Rise in new mortgage approvals (icNewcastle – Sunday Sun)
The number of new mortgages approved for house purchase jumped by 27% during December, but lending continued to fall.

Rapacious Greed Reveals Banking’s Global Confidence Scheme

Saturday, January 31st, 2009

Rapacious Greed Reveals Banking’s Global Confidence Scheme
By Guest Author Nicholas WindrumYou might have noticed how, when the ludicrously described ‘Credit Crunch’ began a little while ago it was all blamed by the banks on those feckless individuals who took out laughingly called ’sub-prime’ mortgages to buy houses. But now the entire World financial system is in collapse with the global economy grinding to a halt, companies going bust and millions of people losing their jobs and houses with cataclysmic poverty stalking the Globe. It is no longer just

Have your say: Farmers accuse banks of profiteering
Federated Farmers has attacked the main trading banks, saying it was “extremely disappointing” the banks were building profit margins at the expense of New Zealand’s productive sector.Federated Farmers made the comments as it released results of a survey of farmers showing overdraft rates have fallen just 78 basis points to 10.4% since the Reserve Bank cut the official cash rate by 150 basis points to 5%.“Federated Farmers is extremely disappointed in the trading banks that the average overdraft

Posts about Mortgage Market Report as of January 22, 2009
Lord Roberts asks what the Government will do to reduce unemployment – conservativehome.blogs.com 01/22/2009 [ Lord_roberts]Shadow Welsh Minister Lord Roberts of Conwy asked the Government about unemployment yesterday … support for small firms, the Pre-Budget Report and the fiscal stimulus, the homeowner mortgage … ; to do nothing, sit back, wring our hands and wait for the market to address it, or to be active Mortgage Extortion and Extreme Chutzpah – capitalgainsandgames.com 01/22/2009 See

Gates of Vienna News Feed 1/21/2009

Friday, January 30th, 2009

Gates of Vienna News Feed 1/21/2009
Notice the articles on the economic crisis. The Dow tanked — no inauguration bounce. And the banking crisis in the UK is particularly serious. The recession (depression?) will last at least through the end of this year.Thanks to C. Cantoni, DK, Fausta, Holger Danske, Insubria, Islam in Action, JD, REP, Steen, and all the other tipsters who sent these in. Headlines and articles are below the fold.- – - – - – - – -USA1994 All Over Again?Bank of America Soars as Lewis, Directors Buy SharesCAIR Welc

Posts about Tri-State Real Estate (FL, GA and AL) as of January 21, 2009
What Every Pro Athlete Needs To Know About Saving On Taxes This Year – proathletesonly.com 01/21/2009 The Jock Tax—what athlete hasn’t heard of it, or felt the sting of it come April 15th? … segregation study on commercial real estate you own. If you own commercial real estate, (which … ! Document! Just as the key to good real estate is location, location, location, the key to saving on taxes card smart consulting – daniweb.com 01/21/2009 environmental consultants indiana <a href=” ht

UK & World News: Rise in new mortgage approvals (icNewcastle – Sunday Sun)
The number of new mortgages approved for house purchase jumped by 27% during December, but lending continued to fall.