The WSJ Greenspan story: Bad on so many levels
[The Mess That Greenspan Made]
Option ARMs, Who Thought Up these Time Bombs?
[Seeking Alpha]
Calculated Risk: Subprime and Alt-A: The End of One Crisis and the Beginning of Another
The Day That Alt-A Died
[Mish's Global Economic Trend Analysis]
NAR Housing Affordability Index is Worthless
[The Big Picture]
NARcasting The Future: August 2008
[Paper Economy - A US Real Estate Bubble Blog]
As usual, the latest forecast comes with another dose of truly ridiculous spin.
Dissing and Praising the Recent Housing Bill
[Seeking Alpha]
The Unstoppable Housing-Mortgage Complex
[Dealbreaker]
If you're looking for a sign of how impossibly strong the housing-mortgage complex is, check out this morning's New York Times story on Dick Syron, the embattled boss of Freddie Mac. The story related the allegations of "more than two dozen current and former high-ranking executives" who claim that Syron ignored warnings about the financial health of Freddie as far back as 2004.
