Day February 18, 2008

Banks deny most Miami condo mortgages

Miami is ground zero for the condo market collapse. “Investors” snapped up overpriced condos as developers continued to build way too many more. Now it’s all come crashing down and some banks are now refusing to fund any condo mortgages…

Chavez blinks

Won’t stop oil shipments to U.S. It was a toothless threat anyway. If Venezuela stopped shipping oil to the US, the US would just buy it someplace else.