Monday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Update: Since commenting has been pretty light lately, I'm going to go back to having just four open threads per week. After Christmas and New Year, I'll probably bring back the Tuesday and Thursday open threads.
5 comments:
This doesn't seem too unrealistic to me:
http://heraldnet.com/stories/06/12/10/100bus_f1tytler002.cfm
- not quite as devastating as some of the discussions I see here suggest, but not the usual spin of the press either.
What do you all think?
Pretty quiet around here lately. I spent the weekend getting caught up on Battlestar Galactica and not thinking about housing. =)
A booming subprime mortgage industry put millions of people in homes over the past few years, generating juicy profits for lenders and fueling billions of dollars in mortgage-backed securities issues.
Now, a sharp downturn for the subprime mortgage business represents the latest sign of trouble in the teetering housing industry.
Past-due mortgages and foreclosures have been growing over the last 12 months. And subprime lenders are struggling with shaky loan quality, increased competition and unusual interest rate movements.
"The housing market is going down," said David Liu, a mortgage analyst at UBS AG in New York. "In a slower market, it's the weakest borrower and the weakest lender that are the first to go."
http://tinyurl.com/yxx9lp
Wow, I'm pretty slow. So "s crow" is Tim Kane from RCG? I just now realized that. =/
For an area that is betting its future on biotech, we sure can't seem to keep biotech jobs or corporations here.
I say this as Nickels and crew are ripping up the street in front of my office in order to build Paulie Allen's personal biotech streetcar.
Don't worry, it's only a $60 million project.
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