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And now, let us hold hands across the blogospheric divide.
My friend and colleague Steve Bainbridge is right: the President can, in fact, fire the SEC chair. What he can’t do is fire a commissioner, so he would have to choose a new chair from among the group of serving commissioners. The old chair [...]
Archive for the ‘The Housing Bubble’ Category
September 18th, 2008
March 25th, 2008
Category: The Housing Bubble
McCain’s approach to domestic policy seems to be designed to make his approach to foreign policy look knowledgeable and sophisticated.
December 11th, 2007
Category: The Housing Bubble
New developments become instant slums as abandoned homes deteriorate.
November 27th, 2007
Category: The Housing Bubble
High housing prices are A Bad Thing. Let ‘em fall, say I.
October 14th, 2007
Category: The Housing Bubble
SIVs were in the business of borrowing short and lending long. Now that the subprime crunch has cast doubt on the value of assets they were borrowing short against, they’re in a world of hurt, and so are the big financial institutions that sponsored them. If they have to dump their assets, the liquidity squeeze will get worse. But that’s life in the big city; the Treasury shouldn’t bail them out, or pressure the less greedy financial institutions to help bail out the more greedy and stupid ones.
October 1st, 2007
Jesus gives good advice on subprime loans.
September 26th, 2007
Category: The Housing Bubble
Can the housing bubble properly suffer a meltdown?
March 10th, 2007
Category: Economics, The Housing Bubble
Rising defaults lead to tighter credit lead to more defaults lead to distress sales lead to lower housing princes lead to still more defaults and still tighter credit lead to falling homebuilding and consumer spending lead to an economic slowdown which further depresses housing prices.
September 1st, 2006
Category: The Housing Bubble
Homeowners with option-ARMs may not be able to wait out a housing-price “correction.” If they start selling in large numbers, we could see a chain-reaction crunch.
