Posted on August 26th, 2008 by Pamela Leavey
A brief note on the economy this morning. The NY Times reports that home prices are continuing to decline:
Home prices fell sharply again in June, according to a closely watched index released on Tuesday, the latest sign of the continuing struggles in the housing market.
The Case Shiller index shows that on “an annual basis, prices [...]
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Filed under: Barack Obama '08, Consumers, Credit Crisis, Democrats, Economic News, Economy, Election '08, Housing, In The News, John McCain '08, N.Y. Times, Obama-Biden 08, Pamela Leavey, Presidential Election, Republicans
Posted on August 21st, 2008 by Pamela Leavey
Politico has pointed out that John McCain has not “Seven” homes, as the Obama camp points out in the ad below, but “Eight.”
http://www.youtube.com/watch?v=vpmFd25tRqo
Chris Cillizza’s analysis of “Why the Home Debate Matters” is spot on:
Sphere: Related Content
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Filed under: Barack Obama '08, Bush Admin, BushCo, Campaign Ad, Conservatives, Credit Crisis, Democrats, Election '08, In The Blogosphere, In The News, John Kerry, John McCain '08, Pamela Leavey, Political News, Politics, Presidential Election, Republicans
Posted on August 8th, 2008 by Darrell Prows
Are covered bonds the next fiasco?
“The U.S. Treasury Department is continuing to consider ways to resuscitate weak homebuying activity, Treasury Secretary Henry Paulson said Tuesday, highlighting the potential of covered bonds as a “promising” solution.”
“Covered bonds are securities created from either mortgage loans or public sector loans and make up one of the oldest and [...]
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Filed under: Bush Admin, BushCo, Corporatism, Credit Crisis, Darrell Prows, Economic News, Economy, Housing
Posted on August 4th, 2008 by Pamela Leavey
The NY Times reports today that although the “first wave of Americans to default on their home mortgages appears to be cresting,” a second, far larger group of potential loan defaults is looming, because now, even “homeowners with good credit are falling behind on their payments in growing numbers.”
The percentage of mortgages in arrears in the category of loans one [...]
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Filed under: Barack Obama '08, Consumers, Credit Crisis, Democrats, Economic News, Economy, Editorial, Election '08, Gas Prices, Housing, In The News, John McCain '08, N.Y. Times, Opinions, Pamela Leavey, Political News, Politics, Presidential Election, Republicans
