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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary

ARCHIVED BLOG POSTS

2008 

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  Republican John McCain and Democrat Barack Obama proposed that the government insure consumers' bank deposits up to $250,000 by raising the $100,000 federal limit as each sought to navigate the unpredictable politics of the financial crisis. I’m curious, where do you think the money for this wi...
09/30/2008

10 Comments
Congressmen voted 228 to 205 against the measure to authorize the biggest government intervention into markets since the Great Depression. The Dow Jones Industrial Average slid 778 points for its biggest point drop ever as $1.2 trillion in market value was erased from American equities. A horribl...
09/29/2008

4 Comments
Some of the banking industry's first responses won't be immediately visible to most Americans, but they are critical to the proper functioning of the U.S. financial system. For instance, a drop in a crucial short-term lending rate called the London Interbank Offered Rate, or Libor, would be a te...
09/29/2008

2 Comments
     Press Releases Citigroup Inc. to Acquire Banking Operations of Wachovia FDIC, Federal Reserve and Treasury Agree to Provide Open Bank Assistance to Protect Depositors FOR IMMEDIATE RELEASESeptember 29, 2008 Media Contact:Andrew Gray (202) 898-7192angray@fdic.gov Citigroup Inc. will acquire ...
09/29/2008

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Some of the banking industry's first responses won't be immediately visible to most Americans, but they are critical to the proper functioning of the U.S. financial system. For instance, a drop in a crucial short-term lending rate called the London Interbank Offered Rate, or Libor, would be a tel...
09/28/2008

4 Comments
One of my favorite writers at Seeking Alpha Jim Bradley wordsmithed an eye opening article that I couldn't and wouldn't add a word too...he's covered the issues I have with the Bailout, that while necessary could use some Refining to protect the people on "Main Street". Below is a Portion of the ...
09/28/2008

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Where Has the Money Come From for Past Bailouts? In the recent interventions, there have been two primary sources of funding: The Federal Reserve (Fed) and the U.S. Treasury. The Fed has the general authority under its founding statute to loan money “in usual and exigent circumstances” to “any in...
09/28/2008

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Dynamic Maps of Nonprime Mortgage Conditions in the United States @import "domtab.cs...
09/27/2008

8 Comments
U.S. banks and money managers borrowed a record amount from the Federal Reserve in the latest week, nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression. Federal Reserve data ...
09/27/2008

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WaMu began as the Washington National Building Loan & Investment Association on Sept. 25, 1889, 119 years to the day before its failure. Its marketing slogan for much of its history was "The Friend of the Family". At the time of its demise, the slogan was "Simpler Banking, More Smiles". In the v...
09/27/2008
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