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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Broken_Clock who wrote (121273)5/7/2008 2:12:09 AM
From: Jim McMannisRead Replies (1) of 306849
 
Privately-Insured Mortgages Up - Housing Tracker

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Quotes of the Day
“Capitalism without failure is like Christianity without hell.” and “Lenders and investors who were dumb enough to deal in subprime mortgages should not receive any special help.”– Berkshire Hathaway Chairman and CEO Warren Buffett. (Financial Post, May 6th

“I suppose Mack meant that after the ninth inning, it’s game over for at least some of his team.” - An MBS trader who asked not to be identified by name, referring to CEO John Mack’s earlier remarks that the credit crunch was nearing its end, and Tuesday’s subsequent announcement that Morgan Stanley will be laying off workers. (Housing Wire, May 5th
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