skip to main |
skip to sidebar
A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
About Me
HP blogs & websites
- AmericaPANIC
- Angry Bear
- Angry Renter
- Bank Implode-O-Meter
- Big Picture
- Blown Mortgage
- boom 2 bust
- Bubble Blog News
- Bubble Markets
- Bubble Meter
- BusinessWeek Hot Property
- Calculated Risk
- Case Shiller Graphs
- Charles Smith
- CNBC Realty Check
- Contrarian Chronicles
- Countrywide Foreclosures
- Deflationland
- Denninger Market Ticker
- Dirty Scottsdale
- Dollar collapse
- Dr. Housing Bubble
- Drudge Report
- Fed Up USA Protest
- Financial Sense
- firedoglake
- Flippers in Trouble
- Foreclosure Data
- Gawker
- Gold equals money blog
- Gold Prices
- High Probability kid
- homegain blog
- Housebubble blog
- Housing Blog Recap
- Housing Bubble Bust
- housing bubble hall of shame
- Housing Doom
- Housing Fear
- Housing Tracker
- Housing Watch Price Tracker
- Housing Wire
- I Can't Sell My House
- Infectious Greed
- Inventory Overload (realtor)
- Irvine housing blog
- itulip
- J-walk blog
- Kitco
- Kunstler
- LA Times Bubble Blog
- LA Westside Bubble
- Lasner on Real Estate (OC)
- Lawrence Yun Watch
- Long Island Bubble
- Marin Bubble
- Media - BusinessWeek
- Media - Financial Times
- Media - New York Times
- Media - News Hounds
- Media - Olbermann Blog
- Media - TV Newser
- Media - Wall Street Journal
- Media Matters
- millionaire mommy
- Mish's Global Economic
- ML Implode-o-Meter
- Moneyfiles Bubble Blog
- Mortgage Fraud Blog
- Mortgage Insider
- Mortgage Ledger
- mortgagefit portal
- My Two Cents Blog
- National Mortgage News
- News: Reddit
- Northern New Jersey Bubble Blog
- NYC bubble
- Paper Economy Blog
- Paranoid Ben's boring blog
- Patrick.net
- PeakOil - Life After the oil crash
- Phoenix Flippers in Trouble
- Piggington
- PIMCO Bill Gross
- Politics - C-Span Videos
- Politics - Dick Morris
- Politics - First Read
- Politics - FreeRepublic GOP Talking Points
- Politics - Huffington
- Politics - Kos
- Politics - Malkin
- Politics - National Journal
- Politics - Politico
- Politics - PoliticsTV.com
- Politics - realclearpolitics.com
- Politics - RedState GOP Talking Points
- Politics - The Note
- Politics - TPM Cafe
- Portland Oregon Bubble
- Prudent Investor
- Ramen Recipes for Realtors
- rancid truth
- Real Clear Politics
- Real Estate & Housing Outlook
- Real Estate Bloggers
- Real Estate Decline
- Redfin.com
- Republicans Are Assholes
- Sacramento Landing
- Scottsdale Sucks
- Seattle Housing Blog
- SlackerRevolution
- SoCal Bubble
- Soot & Ashes - New from HousingPANIC
- Speculative Bubble
- Stocks - Blogging Stocks
- Stocks - Bob Brinker
- Stocks - Cramer Mad Money Videos
- Stocks - DealBreaker
- Stocks - Denninger
- Stocks - Financial Times
- Stocks - Forex expert
- Stocks - I Bank Coin
- Stocks - Market Ticker
- Stocks - Money Week
- Stocks - Motley Fool Caps
- Stocks - Option Addict
- Stocks - Options Trader
- Stocks - Portfolio.com
- Stocks - RealClearMarkets
- Stocks - Seeking Alpha
- Stocks - TheStreet.com
- Stop the Mortgage Bailout
- the greenspan mess
- The Superficial
- Trulia
- Truth about mortgage blog
- UK House Bubble
- Video - Blip Radical TV
- Video - BrassCheckTV
- Video - Countdown
- Video - Fox Business
- Video - Movietone News
- Video - NBC News
- Video: Bloomberg Live
- Video: BNN Bubble News
- Video: C-span Junkie
- Video: CNN Live
- Video: Crooks and Liars
- Video: Daily Show
- Video: Housing Crash TV
- Video: Jim Cramer
- Video: MSNBC
- Video: PBS Frontline
- Video: Peter Schiff EuroPacific
- Video: Politics Videos
- Video: Presidential Debates
- Video: TPMTV
- Vigilant Investor
- Voice of San Diego
- What Bubble?
- Wiki US Bubble
- Zillow.com
- zz HP Mandatory Terms of Use
Blog Archive
- February 2022 (1)
- August 2018 (1)
- November 2016 (1)
- June 2013 (1)
- December 2010 (1)
- November 2008 (22)
- October 2008 (155)
- September 2008 (164)
- August 2008 (141)
- July 2008 (108)
- June 2008 (129)
- May 2008 (128)
- April 2008 (161)
- March 2008 (198)
- February 2008 (168)
- January 2008 (190)
- December 2007 (151)
- November 2007 (132)
- October 2007 (146)
- September 2007 (157)
- August 2007 (143)
- July 2007 (163)
- June 2007 (147)
- May 2007 (153)
- April 2007 (135)
- March 2007 (118)
- February 2007 (147)
- January 2007 (138)
- December 2006 (157)
- November 2006 (154)
- October 2006 (193)
- September 2006 (199)
- August 2006 (182)
- July 2006 (184)
- June 2006 (140)
- May 2006 (200)
- April 2006 (166)
- March 2006 (154)
- February 2006 (105)
- January 2006 (74)
- December 2005 (119)
- November 2005 (132)
30 comments:
$10 million starter home up in flames!
I remember about 18 months ago, being asked to attend a superannuation research group here in Australia. Everyone in the room was up to their eyeballs in mortgages and personal debt. When they asked me why I didn't own house, I commented on how I had been reading this blog and how I thought the global financial system would eventually implode so thought it wise to stay out of all forms of debt for the time being. I got laughed at. Today made me remember that day with gratitude, and this blog with even more gratitude. Thanks Keith. Job well done. Bloody scary though, wherever you are in the world at this point...
Want a secure job for the depression years? Fraud investigator or Insurance adjuster. The new bull markets will be in crime and fraud. It's goimg to be very very ugly. I'm convinced of that now
Drop a match , ooopppss.
The only other option is to MAIL in the keys.
Watch out
You might get what youre after
Cool babies
Strange but not a stranger
Im an ordinary guy
Burning down the house
Hold tight - wait till the partys over
Hold tight - we're in for nasty weather
There has got to be a way
Burning down the house
Heres your ticket pack your bag: time for jumpin overboard
The transportation is here
Close enough but not too far, maybe you know where you are
Fightin fire with fire
All wet
Hey you might need a raincoat
Shakedown
Dreams walking in broad daylight
Three hun-dred six-ty five de-grees
Burning down the house
Is that one of casey's homes?I imagine a lot of people are thinking about this stuff.
The Federal Reserve, working with other central banks, pumped as much as $180 billion into money markets on Thursday to combat a seizing up of lending between banks that is intensifying the global financial crisis.
Is the adjective IDIOT firmly attached to Alan Greenspan in the MAIN STREAM MEDIA yet?
This needs to be MAIN STREAM thought. Like what they teach children in school.
To think he let this whole thing build and all he said was things were getting a little "frothy" in some areas. The guy should be hung.
Yep.
Just waiting for the vacant too late to the party flipper house down the road to meet the same fate when the new tax bills arrive.
September 18,2008
With the financial markets in turmoil, President Bush canceled a planned trip to Alabama and Florida on Thursday to consult with his economic advisers in Washington.
Bush had planned to attend a Republican fundraiser in Jupiter, Fla., and tour a waste facility in Huntsville, Ala. He also was to have attended another fundraiser in Huntsville. Vice President Dick Cheney will attend the Huntsville fundraiser.
White House spokesman Tony Fratto said late Wednesday that the president "will continue to work with his economic advisers on the serious challenges confronting U.S. financial markets."
"The president remains focused on taking action to stabilize and strengthen the markets and to restore investor confidence," Fratto said.
I THINK HE SHOULD MAKE HIS REMARKS FROM THE "Waste Facility" in Alabama.
Over? Did you say "over"? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!
Wall St. invetment banking 101 (from a Time mag article).
>This is how it works. You bet big with someone else's money. If you win, you get a huge bonus based on the profits. If you lose, you lose someone else's money rather than your own, and you move on to the next job.
That sounds like a pretty kick-ass arrangement to me.
Can't sell it.... burn it, baby.
We don't need no water....
Let the Mutha F*cker Burn....
Burn Mutha F*cker, Burn....
A visual metaphor for America.
America is Dead.
No one will ever trust anything or anyone in America for anything important ever again.
and Rightfully So.
No fireman showed up?
The fireman union must have bankrupted the city with pensions, retirement and overtime.
Burn Baby, Burn.
The Republican party is going up in flames. Bush's ownership society, up in flames.
what's the problem? Since this taxpayer now owns the insurance on the house, this family is only cashing in on something they already own. You can't defraud yourself, can you?
Keith,
You really need to address this issue. It is really criminal what is happening with the media.
The Media Campaign To Blame The Poor For The Housing Crisis
Following the media coverage of the housing mortgage crisis gives me a headache. It's difficult to make sense of what's actually happening. But without a doubt there's one clear causal factor emerging from the media fog: subprime mortgages. A quick scroll through Dean Baker's blog shows just how often the media pins the crisis on subprime loans. Yet Baker, who was one of the few economists who saw all this coming, makes it clear that the subprime mortgages are just a chapter in a larger story about how housing prices got so out of line with their historical value. Why have they reduced such a complex story to this particular factor?
It's probably because "subprime" is code for minorities and poor people, always an easy target. What do you think the public hears when folks say "subprime?" You can almost see the thoughts taking shape in the public mind: "you know, if those poor people hadn't been so irresponsible with their money, we wouldn't be in this mess. They should have known better than to take out those loans." Personal responsibility being so powerful a cultural trope, it's probably trumping the narrative that places blame on Wall Street bankers.
Am I being paranoid here? I know there isn't much evidence, but in a circular way, that's the point of speaking in code. I'm open to contradictory evidence, though.
Always blame the liberals and poor..
I like to know what you think about this?
Desperate FBs are in a financial death spiral - falling into the depths of dispair...
What do we do?!?!
"FIRE IN THE HOLE!"
All you retards voting republican this fall - please martyr yourselves and go be with Jeebus.
Someone said yesterday "September 15th should be known from now on as Free Market Day, because it was the one day in recent history allowing the free market."
sum zero
My dad who was a fireman would always say " I have never lost a foundation " because that's all that will be left in that mess. I hear that all house fires are now investigated as arson if the owner is having problems paying on it.
Bring hot dogs and cold beer. Welcome to America.
Your right it is time to end this blog.
It all but over now.
http://biz.yahoo.com/ap/080918/wall_street.html
Towjam
What is a bank repository???? The market is way up. What's up here?
"CNBC said Treasury Secretary Henry Paulson is considering creation of an entity like the Resolution Trust Corp. that was formed after the failure of savings and loan banks in the 1980s."
How many measures can the government come up with to save housing? I wouldn't be surprised if Paulson comes up with a new Housing Repository Department. Their job is to simply buy houses from people who want to sell, but whose asking price isn't being met.
How many times before the game is about to end and Paulson steps in and says, "oh no no no, housing can't lose, we're going to change the rules here and add 10 minutes to the game?"
We lose.
do you see the fire dripping off the front of the house? clearly an indication that thermite was used.
" wouldn't be surprised if Paulson comes up with a new Housing Repository Department. Their job is to simply buy houses from people who want to sell, but whose asking price isn't being met."
They tried that in the last depression and the government buyouts were even extended to farm crops and some industries. It didn't work then and it won't work now.
What does a $247 billion cash infusion buy you? Not a whole lot just yet.
The TED spread, a closely watched gauge of credit risk that measures the spread between three-month treasuries and the interbank lending rate, jumped to 490 basis points Thursday even after global central banks agreed to pump $180 billion in liquidity into the financial system.
http://www.usnews.com/blogs/
the-ticker/2008/09/18/
credit-spreads-ignore-cash-
infusion.html
The gig is up man . Lets all the firms go insolvent that have to much toxic waste . Start all over again .
Post a Comment