Posts tagged housing crisis

• Many Economists Should Have Been Listening to Nouriel Roubini aka Dr. Doom

  Paul Kiesel | August 15, 2008 7:50 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  NYU Economics Professor Nouriel Roubini or as the New York Times calls him, Dr. Doom, foresaw the eventual housing bust in September, 2006. He belonged to a minority group of economists who shared...

• Prime Mortgages Threaten Potential Housing Recovery

  Paul Kiesel | August 12, 2008 8:28 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  CNNMoney.com published an article today that reiterates a point I brought up three months ago in a blog titled, "The Next Mortgage Crisis: Prime Borrowers." CNN's article relates how more borrowers...

• Freddie Mac: It's Impossible for Anyone to Know How Much Worse Housing Market Will Get

  Paul Kiesel | August 06, 2008 9:32 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  CEO Richard Syron, who ignored advanced warnings of the current housing crisis, said today that with housing prices falling faster than the company expected, and credit quality accordingly...

• Foreclosure Foreshadowing

  Paul Kiesel | August 04, 2008 8:28 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Many news articles today were concerned with prime borrowers and the next wave of foreclosures that will stem from prime borrowers defaulting on mortgages that are "underwater" or too expensive to...

• New York Times Op-Ed: Mortgaged to the World, Exchange Stabilzation Fund

  Paul Kiesel | August 01, 2008 8:32 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  An very well written Op-Ed showed up in the New York Times on Tuesday concerning President Bush's signing of the housing bill, which occurred the following day. The most interesting element to the...

• Bush Makes Fun of Housing Crisis: 'Wall Street Got Drunk'

  Paul Kiesel | July 23, 2008 4:30 AM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Last week, at a Houston fundraiser for Republican congressional candidate Pete Olson, President Bush asked for the TV cameras in the room to be shut off. Unaware that iPhones exist, and that someone could be recording him with such a device, he then proceeded to do a two-minute standup act that one might find David Letterman or Jay Leno doing during their opening monologues. Unfortunately, and in bad taste, Bush chose to make fun of the housing crisis, which can be viewed on YouTube, Facebook and ABC News.

• Bear Stearns Executives to Face Criminal Charges

  Paul Kiesel | June 18, 2008 4:06 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Criminal charges are being filed against managers of two Bear Stearns hedge funds whose collapse triggered the credit crisis last year, this according to the Wall Street Journal. Following...

• Obama and McCain: The Presidential Candidates on the Mortgage Crisis

  Paul Kiesel | June 17, 2008 1:50 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Here are Barack Obama's and John McCain's plans for dealing with the mortgage crisis (according to each candidate's respective website): Barack Obama wants to create a fund to help people refinance...