Relevant:
- End of Credit Markets to Beginning of Bailouts with D.C. Insider, David Min - A Mandelman Matters Podcast
- Mr. Mortgage: CA Association of Realtors Needs a Math Class…Perhaps Ethics as Well
- What Do Q1 Bank Loan Defaults Say About 2008 and Beyond?
- Fannie and Freddie: Failure-to-be Potpourri
- Times Glad 'Wide-Eyed Admiration' for Wall Street Is Over
2008-09-06 — financialarmageddon.com
If you’re are keeping score at home we had Sunday night/Monday morning “save the world†press releases in August 2007 (cut of the discount rate), December 2007 (TAF), January 2008 (ease 75 bps), March 2008 (Bear) and July 2008 (first Fannie/Freddie rescue) and now September. Anyone want to believe this is the last one (which will be the sixth in 14 months) will be the one that finally works and saves the world?
Bianco went further than we did above, and listed what the Times, Wall Street Journal. WaPo, Financial Times, and Bloomberg had to say. No convergence. Nada (looking at Bloomberg, it quoted WaPo on some matters and cited earlier "analyst opinion').
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