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Wharton Interview, Herb Greenberg, FDIC, Investors Must Yield, Bear Stearns, Citi Solves SIVs, Countrywide, Cryptic, Not Enough, Paulson, ECB $500 Bln, Foreclosures Up 68%, Ambac-MBIA, Incentives Distort, Accounting Strained

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The Subprime Drama Continues, but for How Long? - interview with Richard Herring, a professor of finance at Wharton … thanks Ira Artman for finding this -   knowledge.wharton.upenn.edu

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HERB GREENBERG - Beware of more ‘hidden’ subprime losses - Commentary: Report says Washington Mutual, Countrywide most vulnerable - MarketWatch

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Thoughts on FDIC insurance prolonging housing problem -   globaleconomicanalysis

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Loan fix requires investors to yield - LA Times

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Bear Stearns Mortgage Unit Accused of Predatory Loan Servicing - Bloomberg www.bloomberg.com/apps/news

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How Citi is Solving its SIV Problems - Felix Salmon - Portfolio.com

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FORECLOSURES HAMMER COUNTRYWIDE - Embattled Countrywide CEO Angelo Mozilo is getting skewered once again. The nation’s biggest mortgage lender reported that foreclosures doubled last month while late payments continued to rise … - NY Post

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A Once-Cryptic Fed Chairman Is Suddenly Full of Advice - Nicholas Wapshott - NY Sun

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Fed Rate Cut Isn’t Enough to Ease Housing Woes: John F. Wasik - Bloomberg

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Paulson: Let Fannie, Freddie into Jumbo Market - housingwire

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ECB’s $500 Billion Loan Won’t Help Solvency Problems - globaleconomicanalysis

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U.S. Foreclosures Rose 68 Percent in November, RealtyTrac Says - Bloomberg

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Ambac, MBIA Outlook Lowered by S&P, ACA Cut to CCC - Bloomberg

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has examples - Read it here first: Incentives Distorting Home Prices - The Big Picture

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Saving Banks: How the Mortgage Bailout Strains Accounting - Efforts to contain damage from the subprime mortgage meltdown are stretching accounting safeguards put in place after Enron. - CFO.com