Joe

“A trip through Southern California and the effects of insane recklessness by both banks and ordinary Americans:”

Once the vehicle stops, about 20 potential buyers file out and become detectives, opening and closing cabinets and drawers, knocking on walls and asking about the price, the previous owners and what repairs may be needed.

Sallie Mae's CEO ending shareholder conference call: "Let’s get the fuck out of here."

The Government and the market are trying to boil this down to a ’sub-prime’ thing, especially with all constant talk of ‘resets’. But sub-prime loans were only a small piece of the mortgage mess. And sub-prime loans are not the more...

“With friends like this, liberals have no need of enemies.”

Krugman was on book tour, but he spoke about the current economic issues instead. Paul Krugman is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional more...

purchased improved land in SoCal (update: Inland Empire) for $0.15 on the dollar from a homebuilder (builder's total cost). The deal closed Friday. The purchase price was less than half the cost of just the improvements (grading, streets, etc)!

“the key actors executed a brilliant strategem, the Rashomon defense.”

Is this the real price? Is this just fantasy? Financial landslide No escape from reality

most people are more likely to behave ruthlessly if they can call it something other than ruthlessness. (There are always people who have no trouble with ruthlessness; they often get the CEO job. Most of us have at least moderately more...

just published a handy chart outlining the eight ways a bank or investment firm can borrow from the nation’s lender of last resort. Five of them were created since last summer: