Archive for September, 2009:

Put $35 Billion On That Horse With the Broken Leg

{ Posted on Sep 29 2009 by Tim Cavanaugh }
All and sundry report on a new Obama Administration proposal to provide $35 billion in emergency funds to state and local housing agencies in order to subsidize new mortgages. The money — $20 billion in purchases of bonds issued by state housing finance authorities ...Read More »

Put $35 Billion On That Horse With the Broken Leg

{ Posted on Sep 29 2009 by Tim Cavanaugh }
All and sundry report on a new Obama Administration proposal to provide $35 billion in emergency funds to state and local housing agencies in order to subsidize new mortgages. The money -- $20 billion in purchases of bonds issued ...Read More »

Toyota Orders Massive Recall After Floor Mats Kill Family

{ Posted on Sep 29 2009 by Jay Yarow }
Categories : All, Clusterstock
Toyota is recalling 3.8 million cars, due to faulty floor mats. The Department of Transportation calls it an "urgent" matter: Car Connection: Two weeks ago, the company ordered dealers to inspect all cars for mismatched floor mats after a fatal crash ...Read More »

Why Naked Shorting Isn’t Really That Different From Regular Short Selling: The Two Cows Version

{ Posted on Sep 29 2009 by John Carney }
Categories : All, Clusterstock
Still confused about why you shouldn't be worked up over naked short selling? We understand. It's terribly complex and full of words that make your eyes glaze over. So we decided to break it down into the simplest terms Wall Street ...Read More »

Three Great Financial Innovations Even The Haters Should Like

{ Posted on Sep 29 2009 by Vincent Fernando }
Categories : All, Clusterstock
In a spirited defense of financial innovation written for the Financial Times, Robert Shiller highlights three examples of financial innovation beneficial to consumers. Even the Baseline Scenario, which tried to rebut Shiller's overall argument, was forced to pretty much agree with ...Read More »

Banks Satisfied On FDIC Decision, but Will They Still Lend?

{ Posted on Sep 29 2009 by Bob Blandeburgo }
Categories : All, Macroaxis, Money, Money Morning
By Bob Blandeburgo Associate Editor Money Morning U.S. banks yesterday (Tuesday) got what they wanted by avoiding another special assessment from the Federal Deposit Insurance Corp. (FDIC).... Money Morning is here to help investors profit handsomely on this seismic shift ...Read More »

Sorry, Paul Krugman, The Stimulus Is Crowding Out Private Investment

{ Posted on Sep 29 2009 by John Carney }
Categories : All, Clusterstock
Paul Krugman and his fellow defenders of fiscal stimulus claim that the expanded role of government isn’t crowding out private investment.  But they’re probably just wrong. "First of all, as I and others have pointed out, fiscal expansion does not crowd ...Read More »

Some Thoughts on Moods and Spending

{ Posted on Sep 29 2009 by Trent }
For me, September is the unhappiest month of the year. Sarah, after being off all summer, returns to work at the end of August, leaving me alone at home many days with my thoughts and my work. This also means ...Read More »

U.S. Housing Prices Rise as Market Shows Signs of Stability

{ Posted on Sep 29 2009 by Don Miller }
Categories : All, Macroaxis, Money, Money Morning
By Don Miller Associate Editor Money Morning New data released in the S&P/Case-Shiller home-price index today (Tuesday) show prices of U.S. houses rose for the third straight month in July,... Money Morning is here to help investors profit handsomely on this seismic ...Read More »

CHART OF THE DAY: Massive Housing Overhang Will Swamp The Market

{ Posted on Sep 29 2009 by Joe Weisenthal }
Categories : All, Clusterstock
The latest Case-Shiller reading showed another sequential uptick in July, which is all fine and well, but watch out: There's a huge flood of houses being held back from the market, either due to bank-ownership, or loan delinquency. Check out the ...Read More »