Stimulus Package Store, GSE Jumbo Out Back

Hot damn. The government is going to stimulate the economy. Not with a lap dance or lubricated love glove, but with taxpayer dollars. Come summer, Mister and Miz America will get a rebate from Uncle Sam. What a man! Some people will get more than a thou of their own money...

The Bush Subprime Bailout: Limited Surge or Taxpayer Quagmire?

Ick! The Ownership Society of crap mortgage lending that President Bush pushed so assiduously has gone and done an Iraq on the carpet. Attention taxpayers and homebuyers dumb enough to save for real down-payments. The roar you hear at the door is Dubya with a wallet-sucking...

Alt-A Reality and the Subprime Rescue Mission

The United States of Real Estate continues to suffer from subprime mortgage sickness. Now spreading into Alt-A territory. Until recently the risk to Alt-A was pooh poohed. Financial institutions with Alt-A exposure declared it a step up from subprime. Now seers say watch...