Mar 31, 2011 at 1:38 AMCalifornia Treasurer Spanks Legislature Over Junk Spending
There is no hope for California government.
Video: Sheila Bair On Bailouts, Risk Retention Rule
Video - Sheila Bair - Mar. 29, 2011
Chairman Sheila Bair discusses the FDIC's meeting today on proposed rules requiring lenders to keep a stake in loans they securitize. Bair, speaking with Margaret Brennan on Bloomberg Television's "InBusiness," also discusses a measure that would require "systemically important" firms to draft plans for how their operations can be resolved after a collapse.
Links inside.
Case-Shiller: Home Prices Fall By Most In A Year, Outlook Grim; Bloomberg Interview With Dr. Robert Shiller
Video - Dr. Robert Shiller - Mar. 29, 2011
Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the outlook for the U.S. housing market. Residential real estate prices dropped in January by the most in more than a year, raising the risk that U.S. home sales will keep slowing.
CoreLogic Says Housing 'Shadow Inventory' Is 1.8 Million Units; Morgan Stanley Says 8 Million
If you extrapolate, Morgan Stanley's calculations means we have a shadow inventory of 38 months, on top of the current 8.7 months supply. This would imply almost 4 years of backlog. Gary Shilling says that home prices will fall another 20% before hitting bottom.
Ratigan: "We Spent Four Times More On Clinton's Blowjob Than We Did Investigating The Financial Crisis"
Video - Dylan Ratigan with Michael Lewis - Comparing the cost of the largest federal investigations versus that of the FCIC - Feb. 2, 2011
Runs just 25 seconds. Video is on the front page.
