wunderhof

You Want to Save the Housing Market? Don't Fight Foreclosures

The real estate market dysphoria now common across the US
started with home prices artificially inflated by too many buyers
with too much credit. The market will react to another proposed
artificial property price boost by failing again at some time in
the future. Until the last, final, painful correction plays out.
Uncertainty of the effect of the next government program will
make every attempt at government intervention fail. If you
believe that the real estate market will stabilize by abating
foreclosure, then you must prevent ALL foreclosures. If you
exclude some foreclosure from abatement, then those foreclosures
will depress the values of the neighboring rescued properties.
Stay out of the market and provide sustenance to the
unfortunates.

Largest Bond ETF Now Trading At a Massive Discount

Look at the table, lifted from iShares, showing the make-up of AGG. Perhaps the FNMA, GNMA, and FHL bonds' pricing doesn't reflect all of the risks that these securities may carry.
Top Sectors as of 10/9/2008 Trading Information
25.50% U.S. Treasury
17.57% FHLMC
16.84% FNMA
11.68% US Agencies
9.62% Financial Institutions
8.40% Industrial
3.91% Non-Corporate
3.59% GNMA
1.93% Utility
0.35% S-T Securities
Related Index N/A
NAV Per Share AGG.NV
Und. Trading Value AGG.IV
Shares Outstanding AGG.SO
Est. Cash AGG.EU
Total Cash AGG.TC
CUSIP 464287226
Options Available

Housing Bust Blame Game

Don't forget the home price appreciation PUT that the mortgage dealers and repackagers used to "insure" the MBS/CDO/CDS train of debt and securities.

Housing Market Tracker - Housing-Related Industries Update

That's it! Buffet's nefarious plan revealed! Corner the market on bricks and then let the wolves loose!

Why We're Still in the Early Innings of the Bursting of the Housing and Credit Bubbles - And Implications for MBIA and Ambac

When the current calender period CDS's expire, can't the insurers decline to re-up? Wouldn't MBIA, Ambac, and the others be able to argue for rescinding the current swaps since the buyers materially misrepresented the default quality of the objects of the coverage? That won't make the bad loans good but it would avoid the catastrophic effects of the bond insurers collapse.

Going Nuclear: 3 Indices, 1 ETF and Seeking Alpha

wna.snetglobalindexes....
The list as of 12/07.

What the Housing 'Apocalypse' Prophets Aren't Revealing

HOPE program, perhaps? The last step before foreclosure is to APPLY for a new mortgage. Actually getting one, that's another unreported statistic.

Worst Housing Decline Since The Depression - Wells Fargo

What reg's are there to prevent money center companies like wells fargo from transferring their toxic siv paper to one of the mutuals that they manage?

Something's Fishy About the Jobs Number

When faced with the choice of attributing some outrageous government action to a cleverly constructed conspiracy or to incompetence, the choice with civil servants is always incompetence. All unelected gov. workers are civil servants, even at the upper levels. Elected officials, on the other hand, are crooks and liars and capable of conspiracies.