Contents Pages by Subject

Housing

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CNBC.com

Reggie Middleton explained why the housing correction is only 50% complete, several large banks will have massive problems because of MBS, and Apple is going to undergo margin compression. A must watch interview. (Go Reggie)

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TheAutomaticEarth.blogspot.com

MERS was essentially where the digitized mortgage notes were sliced and diced and rearranged so as to create the mortgage-backed securities. Think of MERS as Dr. Frankenstein’s operating table, where the beast got put together.

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Kunstler.com

The trouble is, that the damage is so severe through every institution concerned with the operations of money that none of these fatal monkeyshines can be mitigated. Or, to put it as Bush did, so neatly, "...this sucker could go down."

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GlobalEconomicAnalysis.blogspot.com

So instead of the survey being a contrarian indicator, I view these attitudes as part of the recognition phase. Consumers are starting to realize the economic headwinds and what that will do to housing prices in the short-term, even if they have not

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Rense.com

The role of the Mortgage Electronic Registration System (MERS) throughout the foreclosure furor is interesting-mostly because there is no legal basis for its role. It was created out of whole cloth by the investment bankers who brought us...

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