"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Hypo Real Estate, the second largest real estate lender in Germany, is circling the drain after an emergency rescue failed. They are about the size of Lehman. The financial system cannot take another body blow of this magnitude. The authorities…
(Icelandic salted cod. From Flickr.) The US financial crisis is causing an implosion in Iceland, which is forcing a cascade into the European financial system. Serious talk of a bank holiday and food hoarding has been heard. Head of largest…
“We called them ‘foreclosure loans‘ because they were doomed to fail,” said the [real estate] agent, who didn’t want to be identified because she’s still in the industry. “The lender expected the borrower to lose the house and the bank…
A conservative economist says yes. And just the other day, I talked to another prominent conservative economist who suggested a somewhat similar plan. I asked whether all these plans didn’t smell of socialism. The economist’s answer: “I think that bridge…
The Inland Empire area of southern California is one of the hardest hit areas for foreclosures.This TV report (which I meant to post earlier) shows some of the devastation. One guy has a business clearing out foreclosed homes. Everything must…