Friday afternoon linkage
How they pull pranks on Wall Street. Awesome.
Another reason why a mortgage bailout plan is a stupid idea.
Note to the Republican Party: add this to your recruiting brochure. Millions of financially responsible Americans with money to contribute will flock to your party.
Lawrence Yun, Chief Economist for the National Association of Realtors, has been making continuous forward-looking statements about real estate ownership over the past few months, baffling experts, r/e blogs and informed readers to no end. I’ve seen this before in a different form, I can’t help but draw similarities between Mr. Yun’s press releases of late to the statements made by Iraq’s Minister of Information, Muhammad Saeed al-Sahhaf, in the weeks leading up to the invasion of Iraq. I’m not going to go into details explaining it, you had to live through it, but the degree of misinformation from both parties is uncanny.
The party is officially over, Countrywide has discontinued it’s wholesale equity line products. I wonder what effect this is going to have on the luxury car market (seriously). No more equity withdrawals for Plasma TVs, BMW SUVs, Lavish 5-star vacations, designer jeans, the equity fun-money account is now closed. Good riddance. Now, back to credit card debt…
Stories outlining how people are coping with the financial times. Good read.
OK ok ok. A non-real estate link. User contributed photos around the LA area on latimes.com. Very cool.
