Category: Finance

Sitting here in limbo

15 March, 2010 (10:42) | Capital markets, Finance, GSEs, Legislation and policy, Regulation, Subprime, US News | No comments

By David A. Smith
 
Sitting here in LimboWaiting for the tide to turn.Yeah, now, sitting here in Limbo,So many things I’ve got to learn.Meanwhile, they’re putting up a resistance,But I know that my faith will lead me on.
– Jimmy Cliff
 

And then the harder they come, the harder they fall, one and all!
 
Whither the GSEs?  A year [...]

A snapshot of India’s housing situation: Part 2, the opportunities

26 February, 2010 (12:15) | Finance, Global news, Housing, India, Policy, Rajiv Awas Yojana, Regulation | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Now they know how many holes it takes to fill the Albert Hall
– The Beatles, A Day in the Life
 
If all you took from the February 11 Economic Times of India were the clips we highlighted yesterday, one could be forgiven for being depressed about India’s potential – [...]

A snapshot of India’s housing situation: Part 1, the challenges

25 February, 2010 (12:38) | Finance, Global news, Housing, India, Policy, Rajiv Awas Yojana, Regulation | No comments

By: David A. Smith
 
I read the news today, oh boy
– The Beatles, A Day in the Life
 
One day’s newspaper clippings – in this case, The Times of India, Thursday, February 11 – represent an info-montage of the world’s largest democracy muscling its way into the twenty-first century, and along the way the world’s largest and [...]

Uh-oh, FHA’s ailing

24 February, 2010 (13:50) | FHA, Finance, HUD, Subprime, TARP, US News | No comments

By: David A. Smith
 
When everyone else gets sick, even the healthy start having symptoms too.
 

Oh, I should never have gorged on those ‘07 and ‘08 loans
 
As one of only three stores left open, still selling single-family and multifamily long-term financing, the Federal Housing Administration – the GSE from the right side of the blanket, as [...]

White snow, red ink, black swan: Part 2, unfortunately, you bought our never-pay policy

11 February, 2010 (10:39) | CDSs, Capital markets, Finance, Regulation, Snow, Speculation, United Kingdom | 1 comment

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Yesterday, in our real-world metaphor for capital markets’ shenanigans, we encountered probabilistic meteorologist Cliff Bryant, who parlayed his interest in White Christmases into two tickets that, if honored as he thinks they should be honored, will be worth several million pounds.
 

Might two slips of paper be worth [...]