It's no good for anyone to see giant firms vanish, get engulfed or go BK.
In the financial realm, we're up to an unlucky 7 this year so far:
- Countrywide
- Bear Stearns
- IndyMac
- Fannie
- Freddie
- Lehman Bros.
- Merrill Lynch
Most of those in the last week or so. Something's afoot, don'tcha think?
The media try to tell…
It's no good for anyone to see giant firms vanish, get engulfed or go BK.
In the financial realm, we're up to an unlucky 7 this year so far:
- Countrywide
- Bear Stearns
- IndyMac
- Fannie
- Freddie
- Lehman Bros.
- Merrill Lynch
Most of those in the last week or so. Something's afoot, don'tcha think?
The media try to tell you who's next.
What about AIG's restructuring? How about WaMu? But the truth is no one knows.
The mucky-mucks just want to talk about "confidence." Tonight's AP dispatch:
The American people should remain confident in the "soundness and resilience in the American financial system," [Treasury Secretary Henry] Paulson told reporters at the White House.
And we should, indeed, be confident that there will be a financial system of some kind in the future.
The only thing that's clear now is that credit is not getting any looser any time soon. And, of course, that affects real estate everywhere.
The players to watch are Fannie and Freddie, under new ownership (kinda). They may be subject to the whims of the next president.
That's a long way off, though. Lots of pain, unwinding and loss-taking till then.
------------------------------------------------------------------------
As always, please use the "Open Forum" thread for news clips, off-topic questions & discussions of (virtually) any nature. And keep it clean.
Finally, on this post or any other,
any day, use the
"Email this" link at the bottom to let a friend know about MBC. The system, provided by FeedBurner, promises no spam to either party, and there are laws about that sort of thing.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 2:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.