Entries from February 2009

MUST SEE VIDEO: Hudson River Plane Landing (US Airways 1549) Animation with Audio

February 28th, 2009 · No Comments

   Hudson River Plane Landing (US Airways 1549) Animation with Audio Incredible animation – hat tip to Bill Cohen.    Professional 3D animation, accurately reconstructed to match the event. Learn more at: http://www.scenesystems.com \    from Scenesystems site: Our accurate reconstruction of the Hudson River plane crash which took place on January [...]

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Tags: Mortgage Market

MortgageNewsClips: Accounting BS, Bernanke on MTM, Women Disappear, Forward Looking, FDIC 2, Cash Offers, A Better Fix, Reverse Limits Up, Slicing Bloc, Prieur has 23 Videos, Seniors and Housing

February 28th, 2009 · No Comments

 

WORTH READING: shows accounting bs -  The End of the Credit Crisis – Alex Trias – seeking alpha
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Bernanke suggests mark-to-market revisions for illiquid assets – Federal Reserve Chairman Ben Bernanke says mark-to-market accounting rules are “a good principle in general” but that accounting-standards groups should figure out a better way to value assets that aren’t [...]

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Tags: Mortgage Market

The Garrett, Watts Report (February 28, 2009)

February 28th, 2009 · No Comments

To Our Clients, Colleagues and Friends, 

Did you know that the U.S. banking system has about $7.2 trillion in loans?  Assume a 10% loss as real estate values continue to decline, and that is a $720 billion loss. And that doesn’t even include consumer loans.

Are you a “professional depositor”?  If so, you made good money from [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Am I A Masochist? Another Try At Buying A GM Vehicle. – by Mark Sunshine

February 27th, 2009 · No Comments

 
Mark tells of his saga.  Quite the story. (BC)

Am I A Masochist? Another Try At Buying A GM Vehicle.
Unexpectedly, my wife and I are back in the market for another new car and we are trying again to buy a GM vehicle. Unfortunately, just like last month we can’t seem to pull it [...]

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Tags: Commentary · Mortgage Market