Archive for September, 2008Bailout Treats Symptoms, Not DiseaseThis post first appeared on Minyanville and our sister site Dawn Patrol. The bailout is done! Time to breathe a sigh of relief. Or is it? As details emerge about the financial bailout package that was jammed through Congress over 10 days of political theater at its most nauseating, there’s still a striking omission from [...] Housing MisconceptionsThis post first appeared on Minyanville. Washington is currently trying to sell the American public that its $700 billion bailout plan will help put a floor under falling home prices. And while the debate will rage over whether this is a good or bad thing, its not even true. The most beaten down real estate [...] Fannie and Freddie Have Been “Saved” — Now What?The former Goldman Sachs employees — err, the federal government — have decided to bail out Fannie and Freddie and the race to call another bottom in equities, not to mention housing, is on. Reality, however, is not a friend of these hopeful bulls. Let’s take a quick scan of the economic landscape and see [...] A Housing Solution that Focuses on (Gasp!) HousesThis post first appeared on Minyanville and our sister site, Dawn Patrol. Every once in a while, the most important news story of the day is the one the Wall Street Journal allots a mere 200 words. In a move that will soon be greeted with quiet mutterings of “I should have seen this coming,” [...] |