Luxury Foreclosures - Growing Number of Affluent Homeowners Can No Longer Afford Their Mortgages - Washington Post  ------------ Record condo numbers to saturate downtown area - Chicago Tribune  ------------ WaMu COO: We're Not Done Hemorrhaging - TheStreet.com  ------------ Meet Your New Recruits: They Want to Eat Your Lunch - BusinessWeek  ------------ Jumbo jitters: High-end homebuyers run into mortgage problems -  Lansing State Journal Brendan ------------ How Should We Respond to Asset Price Bubbles? - Frederic S. Mishkin - At the Wharton Financial Institutions Center and Oliver Wyman Institute's Annual Financial Risk Roundtable  - FED ------------   Recovery From Worst Housing Slump Since 1930s Comes With Angel - Bob Ivry - Bloomberg  ------------ 2 from Mortgagewire: 1.  Losses on Subprime Seconds Mount, Pressure Bond Insurers  2.  Schumer Calls for FTC Investigation into Countrywide’s Default Management Practices  ------------ Some CFOs Spring to Fair Value's Defense - Stephen Taub and Roy Harris - B of A and Freddie Mac finance chiefs, in different arenas, support the control of risk that mark-to-market accounting provides. - CFO.com  ------------ Early Retirees May Help Hold US Unemployment Rate Down -  Early retirement by baby boomers could be helping keep the unemployment rate down even as payroll employment falls, according to Standard & Poor’s Chief Economist David Wyss.  -  Research Recap ------------ Dismissal Denied in Countrywide Financial Subprime Derivative Lawsuit - lots of details - Kevin LaCroix -  D&O Diary ------------ The Secret Bailout of JP Morgan: How Insider Trading Looted Bear ... -  talks about out of money put option trades - - Center for Research on Globalization  ------------ What Does It Mean When Monetary Policy Conducts a Fiscal Policy Operation? - Paul McCulley -  Global Central Bank Focus - PIMCO  ------------ AWESOME DATASOURCE: ZILLOW REPORTS - good resource with lots of data - be sure to check this out - Zillow ------------ Don't believe Paulson: S&L 2.0, the Bank Failure Redux - ... Now, for those banking CEOs, homebuilder CEOs (ex. Mr. Hovnanian), monoline CEOs and government officials (ex. Mr. Paulson), who claim that the worst is behind us - I can smell you guys! ... - Reggie Middleton - seeking alpha ------------ LESSONS LEARNED FROM MORTGAGE MARKET TURMOIL - James B. Lockhart III - Director, OFHEO  -   thanks Ira Artman posted by Bill Coppedge