[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

http://www.fdic.gov/bank/individual/bank/index.html

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

http://www.fdic.gov/bank/individual/bank/index.html

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

http://www.fdic.gov/bank/individual/bank/index.html

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

http://www.fdic.gov/bank/individual/bank/index.html

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

http://www.fdic.gov/bank/individual/bank/index.html

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

You can get in the same elementary school by renting a house of similar quality in the same district. It would be interesting to see the numbers in a buy vs. rent comparison. Is $1 MM the loan amount or the purchase price? What interest rate would one use to compute the opportunity cost of the down payment?

Going back to your original question, there is ziprealty.com, and you can always retain an attorney to represent you or review documents.

[Diego Mamani]

You can get in the same elementary school by renting a house of similar quality in the same district. It would be interesting to see the numbers in a buy vs. rent comparison. Is $1 MM the loan amount or the purchase price? What interest rate would one use to compute the opportunity cost of the down payment?

Going back to your original question, there is ziprealty.com, and you can always retain an attorney to represent you or review documents.

[Diego Mamani]

You can get in the same elementary school by renting a house of similar quality in the same district. It would be interesting to see the numbers in a buy vs. rent comparison. Is $1 MM the loan amount or the purchase price? What interest rate would one use to compute the opportunity cost of the down payment?

Going back to your original question, there is ziprealty.com, and you can always retain an attorney to represent you or review documents.

[Diego Mamani]

You can get in the same elementary school by renting a house of similar quality in the same district. It would be interesting to see the numbers in a buy vs. rent comparison. Is $1 MM the loan amount or the purchase price? What interest rate would one use to compute the opportunity cost of the down payment?

Going back to your original question, there is ziprealty.com, and you can always retain an attorney to represent you or review documents.

[Diego Mamani]

You can get in the same elementary school by renting a house of similar quality in the same district. It would be interesting to see the numbers in a buy vs. rent comparison. Is $1 MM the loan amount or the purchase price? What interest rate would one use to compute the opportunity cost of the down payment?

Going back to your original question, there is ziprealty.com, and you can always retain an attorney to represent you or review documents.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

[Diego Mamani]

Trex: Have you read today’s front page WSJ article on the recent government interventions?

I agree that the financial media outlets are asking for or applauding the current bailouts. The extract below suggests that since falling house prices are the root of the problem, then we need more government intervention to keep prices up. We know that real (inflation-adjusted) house prices can’t go anywhere but down. However, nominal prices may not drop if inflation is high enough, and that can easily be achieved injecting more liquidity into the system, as is already happening.

Is it enough? Probably not. Although it’s hard to know, the downward tug on the overall economy from falling house prices persists. The next step, if one proves necessary, is almost sure to require the explicit use of taxpayer money.

The case for doing more is twofold. One is to cushion the blow to families and communities, even if some are culpable. The other is to disrupt a dangerous downward spiral in which falling prices of houses and mortgage-backed securities lead lenders to pull back, hurting the economy and dragging asset prices down further, and so on.

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