Housing

“My maid just asked for leave,” a friend in Beijing told me recently. “She’s rushing home to buy property. I suggested she borrow 70 percent, so she could cap the loss.” It wasn’t the first time I had heard such a story in China. Some…

This PBS Frontline film on foreclosures first aired in October.

David Rosenberg has been pretty bullish on the Canadian economy.  In the wake of recent tightening of regulations on housing in Canada, he muses about what this will mean for the Canadian housing market and the broader economy.…

Paulson Letter on Abacus AC1

When I first wrote about the case against Goldman Sachs for fraud on Friday I said that my reaction was "largely positive" as fraud was a major factor in what led to crisis and it is high time regulators started to acknowledge this.…

Goldman's Abacus 2007 AC1 Indicative Terms

David Rosenberg was out over the past week with some pretty large numbers supporting the thesis that strategic defaults are driving retail sales. In his daily piece last Friday, he said: To repeat, what has driven consumer spending in…

From the SEC: The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime…

Econbrowser: More on oil prices and the economic recovery FT.com - John Gapper - A short story of a star hedge fund The scandalous Lehman CME auction | Felix Salmon A Thin Case: Ex-RAF Terrorist to Stand Trial for 1977 Murder - SPIEGEL…