Astepahead
Providing Cutting Edge Data and Information
on the Evolving Real Estate Market
With Occasional Commentary
ARCHIVED BLOG POSTS
2008
"Spooky Green Eyes" Makes 2 dozen 1 dozen eggs, hard-boiled and peeled1 large or 2 small ripe Haas avocados3 tablespoons lime juice1/2 teaspoon salt1/4 teaspoon hot pepper sauce6 pimiento-stuffed green olives, sliced Cut eggs in half crosswise. Remove yolks and place in a medium bowl. Cut avocado...
10/29/2008
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Where The Hell Is Matt? If you need an attitude adjustment take four minutes and watch the video. While the rest of sit around working it appears that Matt Harding has done a jig all over the globe. Matt spent 14 months visiting 42 countries in order to produce "Where the Hell is Matt?", a video ...
10/28/2008
Lawmakers criticised the three largest credit rating agencies for their role in the worst financial crisis in decades, and the agencies admitted they didn't see it coming. Representative Henry Waxman (D-CA), chairman of the House Oversight and Government Reform Committee said, "The story of ...
10/26/2008
We have now reached a point where fundamentals and long term valuation considerations do not matter any more for financial markets. There is a free fall as most investors are rapidly deleveraging and we are on the verge of a a capitulation collapse. What matters now is only flows - rather than s...
10/24/2008
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"The Trickle-Up Plan" "Foreclosure Vouchers?" by Mark Thoma of the RGE Monitor The Plan works as follows: Give people a tax cut or rebate as in a standard fiscal stimulus package, the government would distribute to taxpayers mortgage foreclosure vouchers. These vouchers can be used either by home...
10/24/2008
The PNC Financial Services Group, Inc. (NYSE: PNC) and National City Corporation (NYSE: NCC) today announced that they have signed a definitive agreement for PNC to acquire National City for $2.23 per share, or an aggregate fixed amount of approximately $5.2 billion in PNC stock. Additionally $38...
10/24/2008
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Acquires The PNC Financial Services Group, Inc. (NYSE: PNC) and National City Corporation (NYSE: NCC) today announced that they have signed a definitive agreement for PNC to acquire National City for $2.23 per share, or an aggregate fixed amount of approximately $5.2 billion...
10/24/2008
As the financial crisis hits Main Street America, nearly one in six US homeowners are finding themselves in the same position, threatening the US economy with a new wave of foreclosures and bankruptcies. About 12-million US homeowners owe more than their homes are worth, compared with 6,6-millio...
10/23/2008
October 20, 2008hp-1222 Treasury, Regulators Issue Additional Guidance on Capital Purchase Program Washington, DC-- Treasury, the Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation today issued applica...
10/21/2008
"This is the place to stop this trouble!" J.P. Morgan declared on the afternoon of Oct. 23, 1907...Funny, it's been over a hundred years and I'm hoping that someone can find "that place" in the current troubleing times and SOON! John Pierpont Morgan is widely credited with twice rescuing the ban...
10/13/2008
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Providing Cutting Edge Data and Information
on the Evolving Real Estate Market
With Occasional Commentary