Here’s today’s figures on home prices via the New York Times:Home Prices Plunge in October The long term decline in house prices can be expected to continue. Do not believe the analysts. They are the ones who completely missed the dangers of the housing bubble and its impact on society. Home prices as a ratio […]

OK this is fun. This is leadership we can believe in: Paulson, Bair clash over aid to troubled homeowners – MarketWatch That’s right. Sheila Bair from the FDIC and Hank Paulson from our heroic Treasury Department [aka an annex of Goldman Sachs] openly disagreed on a fundamental part of the ongoing strategy to jump start […]