calculatedriskblog.com - 3/22/2009
—
If you missed this, Zach Fox at the North County Times had an incredible story: HOUSING: Banks selling properties in bulk for cheap For example, a unit of Citigroup, the troubled financial giant, sold a foreclosure in Temecula to an Arizona investment firm for $139,000 when comparable homes in ...
Comments
Blog Reactions
Losing Money
Eschaton —
I've read a few stories like this, too. It seems that for whatever reason (perhaps their perceived obligations in servicing agreements), banks are finding it preferable to sell foreclosed homes than to accept short sales. And they're selling the foreclosed homes in bulk to investors for less than what they could've gotten in the short sales. ...
CR: Banks "leaving money on the table 'all day long....'"
Corrente —
So tell me again how much we're bailing them out for? What they left on the table, too? Confusing!
Its not so confusing,
Corrente —
Lambert, If you read the fine print written everywhere across the media and the intertoobz:
CR: Banks "leaving money on the table 'all day long....'"
Sun, 03/22/2009 - 5:00pm — lambert>
So tell me again how much we're bailing them out for? What they left on the table, too? Confusing!
Everything you need to know about the bailouts...
in 2 short paragraphs. A relatively long post for Atrios. And I'll explain why this is true below. Wheeeeeeeeeeeeee! What's ...
Related Content
Leaving the Table, Leaving Home
archives.republicoft.com 11/6/2008 — In an earlier post, I wrote about how the phrase "you can’t go home again" had certain tangible meanings for those of us who are black and gay, and how sometimes the price of the ticket is too high. Well, sometimes on the way back home, you find ...
Video: Banks And Your Money
marketnewslive.blogspot.com 2/10/2009 — Nearly 4 months after U.S. banks received a multi-billion dollar bailout from the government Sharyl Attkisson takes a look at just how each of those banks are spending taxpayer money.
What Is Going On With Banks
seeingtheforest.com 3/9/2009 — This radio show explains what is going on with the banks. It is a very good, regular=person explanation. But it will scare the crap out of you.
Fun With the Banks
tpmcafe.talkingpointsmemo.com 3/1/2009 — We had Citigroup Rescue III today, in which the taxpayers got another bad deal as we somehow managed to exchange a substantial portion of $45 billion of preferred stock for less than $3 billion in common stock. (I don't have the details, but it's ...
"The banks" versus "some banks"
krugman.blogs.nytimes.com 4/2/2009 — On the run: this critique of my views is interesting. But I think there's a crucial assumption that isn't right. The question isn't whether "the banks" are insolvent; most surely aren't. Instead, some banks are probably insolvent.
So it's not the case ...
Some Banks Want to Return Government Money
nytimes.com 2/11/2009 — Goldman Sachs and Morgan Stanley have indicated their companies were hoping to return bailout funds as quickly as possible, on worries the government may intrude further in their business. >
Leading US banks look as bad as ever
americablog.com 3/10/2009 — What's the plan for the US banking industry? Nationalizing and cleaning them up? Letting them collapse? Breaking them up to prevent too big to fail? Geithner is going to have to wake up sometime soon or Obama is going to need to make a change because ...
Voter ID bill taken off table
phillyburbs.com 3/24/2009 — The measure would have made it mandatory to show a government-issued photo ID to vote. With mounting opposition from several groups, state Sen. Chuck McIlhinney announced Monday that he will put off action on a bill that would require voters to show ...
Follow BeltwayBlips on Twitter
