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From the people who brought you the Mortgage Lender Implode-o-meter , comes this new site: The Hedge Fund Implode-o-meter thanks Barry Ritholz

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Who can’t get a mortgage now - Buyers with good credit and a down payment will make out well - all others, prepare to pay. Money CNN

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CREDIT SQUEEZE MOVES TO THE CARDHOLDER - Dear John: I’ve been a Capital One cardholder since 2000, spent tens of thousands of dollars on the card and never once missed a payment. My credit rating is around 750. My rate of interest ’til yesterday was a fixed 8.9 percent. Capital One let me know that as of September my new rate will be 15.9 percent - and variable. - NY Post

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The Luxurious Future Of Housing - Architects and housing experts look to the future of housing and predict increases in the amount of gadgets and furninshings rather than square footage. - The Washington Post

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About CDOs and rating agencies - A ratings charade? - Seattle Times

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How to get a loan - Net Worth: Coping with the mortgage meltdown - SF chronicle

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Europeans Are Wondering About Subprime Exposure - NY Times

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Long-duration housing-price derivatives debut - week announced that housing futures and options contracts based on the S&P/Case-Shiller U.S. National Home Price and Composite Indices would be extended out to five years. Trading of these contracts is scheduled to begin on Sept. 17. - Inman News

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In New Mortgage Market, Small Banks Make Big Loans - Small banks such as Ridgewood Savings Bank are offering rates that are as much as 2 percentage points lower than their big-time competitors to Manhattan residents with stellar credit. Above, a branch in Cobble Hill, Brooklyn. - NY Sun

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Vinod Kothari & Rochak Agarwal: The ABC of CDOs and the sub-prime crisis - business-standard.com

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WILLIAM PESEK - Subprime Mess Finds Central Banks in Their Prime - A central banker’s job, it’s often said, is to take away the punch bowl just as the party gets going. These days, politicians are trying to keep the bar open. - Bloomberg

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1. Hardly a Bailout - The Federal Reserve did exactly what it was supposed to do last Friday. mises.org

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How Wall Street got into this mess - A graying society needed safe investments with a reasonably high yield to pay years of pensions. Wall Street invented a solution that sounded too good to be true — and it turns out it was. Jubak’s Journal - MSN

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Raising your $290,000 baby - Children are priceless, but raising them is one of the most expensive things you’ll ever do … (I am glad mine ae almost out of college.) - MSN

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worth reading - Cramer’s Tantrum - by Gary North - LewRockwell.com