Archive for November 19th, 2008

Maricopa County Insanity

One of the things about economic crises is that you get to see how arrogant and ignorant politicians are. Usually they display both simultaneously. Case in point is the Maricopa County Board of Supervisors. For those of you who don’t know who this is, it is the governing body for Maricopa County, Arizona. Phoenix is […]

CPI And New Home Construction Slide

Here are a couple of data points for you. The graph to the left, courtesy of Jake at, pretty clearly shows you what happened to prices during the past month. Overall, prices fell 1% from September to October, though the core rate fell only 0.1%. The large decline is due primarily to the implosion […]

Questions About IndyMac’s Loan Modification Experiment

I wanted to get this up last night and ran out of time. Housing Wire has a good short article calling into serious question the statistics being put forth by the FDIC with respect to its aggressive loan modification experiment at IndyMac. You no doubt have see Sheil Bair, the Chairwoman of the FDIC, stumping […]

Racial Discrimination And The Credit Crisis

I suppose this was inevitable. As reported in Housing Wire, a so-called consumer advocacy group, the National Community Reinvestment Coalition, filed a complaint with HUD alleging that Moody’s and Fitch had engaged in discrimination. I can’t stand to type this stuff, so here is what they have to say: “The complaint alleges that Moody’s and […]


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