A blow-by-blow analysis of Wachovia's demise, as told by the bank's local paper, The Charlotte Observer.
posted by SeizeTheDay on Dec 21, 2008 - 16 comments

The Compleat ÜberNerd: a fascinating series of blog entries detailing the nitty-gritty behind the mortgage industry by Calculated Risk's "Tanta." If you're curious about automated underwriting systems or the ins and outs of mortgage servicing or if you just enjoy some Mortgage Pig Excel art, Tanta was the blogger for you. Tanta, otherwise known as Doris Dungey, passed away on Sunday morning (NYT obit, CR obit).
posted by mullacc on Dec 1, 2008 - 15 comments

What's the link between:
1) the quickly-growing number of American homeowners becoming unable to pay their mortgages after their ARM's reset (a trend nicknamed "ARMageddon" -- applicable in the UK too), which is translating into soaring foreclosure rates, and in turn forcing at least 60 US semi-shady mortgage brokers to go belly-up in the past year (i.e. the "subprime meltdown"), and...
2) the recent implosion and impending financial bailout -- which may become the biggest since the Long Term Capital Management fiasco of 1998 -- of two Bear Stearns hedge funds which dealt in mortgage securities? [more inside]
posted by Asparagirl on Jul 11, 2007 - 123 comments

This might be the only time in your life you get to hear this because the finance industry survives soley on large-scale ignorance, so listen very closely. There is NO housing bubble in the US. NEVER invest in actively managed funds. Financial lamers do better than financial jocks (and almost everyone else). .

Sadly however most of you won't have the mathematical knowledge to differentiate the advice backed by several Nobel laureates and world-renowned academics from the "advice" of any of the thousands of horny little evangelists spruking their financial "theories" for profit or fame.
posted by DirtyCreature on Jun 20, 2005 - 78 comments