Henninger gets it right.

http://online.wsj.com/article/SB122533132337982833.html

Eric Clapton was not the first one where we are right now...

http://www.youtube.com/watch?v=Yd60nI4sa9A&feature=related

Mash the gas and hold it to the floor baby, we be lending!

From our friends at Cumberland Advisors:
Look at all the pretty colors that new and creative lending comes in. BTW Maiden Lane is the first write off for the Fed from the AIG purchase. Any writedowns by the Fed ultimately come from Treasury revenues.

How about some Turkey?

http://www.youtube.com/watch?v=24xYLYcPWYU&feature=related

ECU's Subprime/Foreclosure Forum Part III

Here is the last installment of the power point pdfs from our friends at the Federal Reserve of Richmond from last Monday's Forum. This is from Steve Sanderford who is a Senior Retail Lending Specialist at the Richmond Fed. The topic is the fallout, human and residential capital, from foreclosures in the Fifth Federal Reserve District. I believe I remember this gentleman saying the typical foreclosure costs in the range of $60,000.00 in Northern Virginia. Oh boy. http://www.funnyeconomist.com/Sanderford.pdf Look and learn.

Hey! Have you heard the one about the three broke snot-nosed punks out looking for some trouble?

This is from Ralph Peters whom I respect greatly:

http://www.nypost.com/seven/10292008/postopinion/opedcolumnists/bankrupt_rogues__beware_failing_foes_135797.htm?page=0

What took so long?

http://online.wsj.com/article/SB122514995378674161.html

ECU's Subprme/Foreclosure Forum Part II

Monday was the ECU Subprime/Foreclosure Forum. Yesterday I provided the financial market fallout talk of Bob Carpenter. Today, here is the powerpoint presentation of Mike Riddle, a Team Leader and Senior Financial Analyst in the Banking Analytics and Supervisory Studies Group at the Federal Reserve of Richmond. This pdf speaks to the national real estate market in general and North Carolina in particular. Look and learn http://www.funnyeconomist.com/Riddle.pdf

ECU's Subprime/Foreclosure Forum

Monday there was a Subprime/Foreclosure Forum at ECU organized by The Department of Economics and The Federal Reserve of Richmond as part of their public outreach program.
Here is the coverage in the local paper:
http://www.reflector.com/news/analyst-foreclosure-crisis-may-be-slow-in-settling-208892.html

I got together with long-time friend and fellow economist Bob Carpenter and put the program together. There were four speakers including me. Bob now works part time for the Fed so it was a natural connection and pretty timely. Bob spoke of the financial market fallout from the subprime explosion. Here is his power point presentation in a pdf file. I am afraid I cannot go back and give the lecture again and the Federal Reserve said "no" when I asked if I could tape it and put it on my blog. But you can sure learn something by looking at the pictures:
http://www.funnyeconomist.com/carpenter.pdf

I will be providing the other presentations, on 1) the national real estate market and North Carolina and 2) Federal Reserve District five foreclosure activity as the week progresses. Look and learn.

It's my fault.

This is funny and clever, even if it is from Moveon.org.


http://www.cnnbcvideo.com/index.html?nid=tTcqlzT41_8zu8DWJ6_AazE5MDY5MjM-&referred_by=11474858-5Xay9Ax

Simple and Clean Microeconomics of Health Care.

This is from Greg Mankiw...it explains the economic science behind the plan without passing judgment in any normative way.

http://gregmankiw.blogspot.com/2008/10/taxing-uninsured.html


Then, if you have the time, here is something from some poor working stiff in Massachusetts.
http://www.nytimes.com/2008/10/27/us/politics/27healthcare.html?_r=1&hp&oref=slogin