Friday, September 18, 2009

Morning Headlines: Make My Coffee Irish, Please

FDIC Considers Borrowing From Treasury - This bailout has been expected for a while as the number of failed banks rises towards triple digits. How much of this "borrowing" you think the taxpayers will get back?

FHA Faces Cash Squeeze - And they're still lending like crazy, propping up what home sales there are right now. Cut off the FHA, cut off what housing stabalization there is. Expect a government bailout of this one too.

NYC unemployment hits 10.3% - Welcome to the double digit club, although it is not going to be that exclusive much longer.

"Option" mortgages to explode, officials warn - But, but, the housing market is stabilizing!

Hmmmmm....Baileys in the morning.....things look better now.

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