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Archive for the 'Housing' Category

Buckle up, Baby. We’re goin’ for a ride!

In the last few days, the economic news has been increasingly grim, and the latest is the failure of IndyMac: IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by U.S. regulators after a run by depositors left the California mortgage lender short on cash. [...Snip...] The Pasadena, California-based lender [...]

Economics 101: Obama earns some points

Lots of folks were evidently keeping score during last night’s Democratic debate, with points awarded (or subtracted) for any number of categories: foreign policy, Iraq, health care, and immigration reform, for instance. But there’s very little discussion about the single-most telling interchange for Polimom. It came near the beginning, with Hillary’s quick touch on the [...]