It’s not really my game anymore, but is anybody checking to see if New Mexico has this problem: School districts, towns and cities across Florida were cut off from their money after the State Board of Administration, manager of the Local Government Investment Pool, halted withdrawals Nov. 29 to stem a run on the fund. [...]

One of the things I love about blogs is how readily you can put together different sources of information to reinforce a central theme. Case in point: the housing bubble. I’ve blogged about it before, but with the Fed’s rate cut yesterday it’s getting some more attention. First off, there’s a link (midway through one [...]

The NY Times reports today: Two years ago, William Stout lost his home in Allentown, Pa., to foreclosure when he could no longer make the payments on his $106,000 mortgage. Wells Fargo offered the two-bedroom house for sale on the courthouse steps. No bidders came forward. So Wells Fargo bought it for $1, county records [...]

Have you been seeing all sorts of news stories regarding the housing bubble? Not sure what a sub-prime mortgage is? Wondering what the housing market has to do with the stock market? Check out this handy graphic page from the New York Times: Link via Dean Baker, who has been incredibly prescient regarding this entire [...]