nilogram

Chewing on the FDIC List of 'Problem' Banks

What is the purpose of this article? Are you simply correcting an error or trying to imply banks noted in the article are in trouble? 259178 is a little rude but correct. The negative spin doctoring is out of control. Please stop!!!

Global Capital Asset Death Spiral

Just because a distress sale yielded $20K does not mean your house next door is worth $20K - you really cannot approximate a line with one data point. And where does this author get the 10% national price reduction? Paulson is correct - there is no national real estate market; just a lot of local markets. Look at Pennsylvania - pretty good. Look at Nevada - horrible. The problem is too many properties are heaped into mortgage pools and no one really knows what is in these pools. Do the groups who bought Merrill's mortgage back securities think they overpaid at $.22 on the dollar?

Have Freddie or Fannie missed any payments or obligations? Isn't this really a liquidity issue that the Fed is trying to keep from being a margin call?

Remember the headlines that 2008 Q2 would be flat or no growth but came in with growth that is not at all recessionary? Maybe a little positive attitude will cause a little more positive real estate market.

Why Does Wachovia Have to Pay Up for CDs?

I live near Philadelphia and they did not offer me anything near 5.85%. Are you sure of that rate?

Crude Report Stumps Analysts

Does someone have demand numbers for India and China? Reports last month indicated China demand was down 1% year over year. US driving down 4.5% in first quarter. Master Card said service activity down over 7% in May. The Saudis appear to have it correct: speculation is driving the price not demand. Not hearing any more about the investigations that were in the news two weeks ago. Anyone know what is happening?