Wall-Street
New Home Sales Hit 7 Year Low
New home sales cratered 8.3 percent last month to a seven-year, and the median sales price of an American castle dropped by 7.5 percent, representing the largest decline in 37 years.
More alarmingly, new home sales are off 21.2 percent over the past year. As for the scary drop in the median sales price, this would [...]
Giant Mortgage Lender Files For Bankruptcy
American Home Mortgage, one of the largest mortgage lenders – and a glaring symbol of unsound business practices- filed for bankruptcy early this week. Mortgage lenders like American Home Mortgage are responsible for helping to inflate the largest housing bubble in American history. Now investors are running from the crappy mortgage-backed securities originating from these [...]
The Clown Banker- A Portrait
I have a few of these shirts available. They’re great for
Halloween and for celebrating the Dow’s continuing ascent.
Send me an e-mail if you are interested: splendidmarbles@gmail.com
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