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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (179958)1/27/2009 1:59:47 PM
From: Smiling BobRespond to of 306849
 
The longer this consortium of crooks is allowed to keep this under cover on our dime, the worse it's going to get

RYL "voluntarily" cut their LOC.

Ryland Group Decreases Credit Facility To $200M From $550M
33 minutes ago - Dow Jones News

Related Companies
Symbol Last %Chg
RYL 15.86 -6.15%

As of 1:56 PM ET 1/27/09

DOW JONES NEWSWIRES

Ryland Group Inc. (RYL) said Tuesday in a regulatory filing that it amended its revolving credit facility to decrease the borrowing availability to $200 million from $550 million.
The amendment also established an annual common stock cash dividend limit of $10 million, the homebuilder and mortgage-finance company said in the filing with the Securities and Exchange Commission.
-Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
01-27-09 1323ET
Copyright (c) 2009 Dow Jones & Company, Inc.



To: patron_anejo_por_favor who wrote (179958)1/27/2009 3:18:24 PM
From: NOWRespond to of 306849
 
that IS the plan after all
<and we're all gonna end up with the plague>



To: patron_anejo_por_favor who wrote (179958)1/27/2009 4:38:27 PM
From: XBritRespond to of 306849
 
Shiller... this could be titled "Beyond Krugman: The Nightmare Continues"

In due course our animal spirits will once again turn positive, but we would rather that happen this year or the next rather than five or 10 years from now. There is only one way to speed this process: greatly expand governmental support of credit markets and pass a much larger fiscal stimulus plan than is now proposed.

online.wsj.com

(To restate my own position: I believe that some large amount of govt money HAS to go into the financial system, because losing that would cripple the economy for years or decades. But that is the limit. The rest of this stimulus and bail-out-everybody BS is just "mommy mommy it hurts, make it better". The economy NEEDS to shrink dammit, it was bloated beyond all sustainability. People and the govt NEED to save dammit, that's the only possible basis for a healthy economy.)