Housing Archives - Page 3 of 3

More on the 2008 environment: Iraq and the economy

This morning, Novak said: It is difficult to exaggerate the pessimism about the immediate political future voiced by Republicans in Congress when not on the record. With an unpopular president waging an unpopular war, they foresee electoral catastrophe in 2008, with Democratic gains in both the House and Senate and Read more…

By Soren Dayton, 17 years ago

economy

More on the housing bust

From Bloomberg this morning in a story about the collapse of the housing market in Georgia, you can see the macro situation: Bear Stearns, the second-biggest U.S. underwriter of mortgage-backed securities now reeling from the worst housing decline since the 1930s, never planned to take possession of the three-bedroom house. Read more…

By Soren Dayton, 17 years ago