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Do you feel lucky? Do ya?


Another great one from Jeff:
Copyright 2008 Creators Syndicate
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Ill Advised Words On The Part of Speaker Pelosi


Why would Pelosi attack Republicans just before asking them for support?

Unlucky 7’s


The Dow is down 777+ points ($1.1 trillion in market value) today as I write this as the bailout bill failed the House of Representatives.  Of course, I’m in no place to write at the moment, so here are some links:

Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise (Bloomberg.com)
Yes, Virginia, this is a crash (The Big […]

New Commemorative Dollar to be printed for bail out funds


The U.S. Treasury is considering a new, special dollar to be printed to help finance the housing bail out.  Initial prints have been leaked to select media outlets.  We were lucky to get our hands on the new design (h/t Graeme):
 

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Wachovia - Time to Bail?


A guest post by new Blownmortgage.com contributor, MG Dungan.  MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. And we’re excited.  I hope you are too.
After last week, and last weekend in particular, we can’t help but wonder who’s next.
Although possibly a ploy to gain passage of the Paulson Bailout Plan, […]

The LOLCats hit the bailout


Friday Bailout Funny. (h/t Graeme)
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I hate to say it, but I told you so about Washington Mutual


So the biggest bank failure in the history of our country occurred yesterday and quite frankly was somewhat of a non-event. The quick FDIC step-in and subsequent fire sale to JP Morgan kept bank failure on page two with the $700 billion federal bailout clearly the bigger headline. This is something that hopefully […]

Mr. Greenspan, please shut up


This guest post is from: Constantine von Hoffman, a veteran business journalist who writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog. If you’d like to submit a guest post drop me an email.
From his lips…
“There’s no question that this is in the process of outstripping anything I’ve seen, and […]

Here are the key housing bailout questions no one is asking


This guest post is from: Constantine von Hoffman, a veteran business journalist who writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog.  If you’d like to submit a guest post drop me an email.
Here’s a heretical notion: How much CEOs get from the bailout doesn’t matter. It’s a smokescreen, red meat being tossed to the […]

The Almost-Averted Crisis


A 2003 NY Times article gives us insights into our current financial crisis.

BlownMortgage

I’m 31. I own a small, but not too small mortgage company. In fact, maybe we’re not that small. Not too long ago we were #4 in the country for one of the biggest mortgage buyers in the world. But I’m an outsider, and I’m sick of seeing people get ripped off by bad mortgages. As the mortgage industry gets tighter, people in my industry get more desperate for a paycheck. Don’t be fooled. Know what you are doing. And tip number one - you don’t know what you are doing. Blown Mortgage is here to help. I’ll tell you everything I’m not supposed to tell you about the mortgage industry from the inside out. It will help you, it will help me sleep at night. Others in my industry might not sleep so well. I don’t care, I don’t like most people in my industry.