Archive for April 28th, 2009

Chrysler May Dodge The BK Bullet

Have Chrysler’s secured lenders blinked? According to a press reports it looks like that may be the case. The NYT for one is reporting that the banks have agreed to take $2 billion in cash and 10% of the company in exchange for cancelling $6.9 billion in secured debt. Now bear in mind that this […]

Case-Shiller And A Few Thoughts On Real Estate

Case-Shiller is out with its February numbers. The positive spin is that the rate of decline is decreasing, the bad news is that house prices are still declining. Here is the table: Since I live in Phoenix right now which is more of less ground zero for this implosion, let me offer a couple of […]