Sep 3 2010
Submarine housing markets – Negative equity map and the 7 metro areas where mortgage balances outweigh the entire stock of housing. Examining underwater housing across the U.S.
Negative equity at such a large scale is a rather unique phenomenon from this housing bubble. Even just a decade ago, a person got into a negative equity position due to a really significant shift in a localized market. For example, a city lost a major manufacturing company that supported most jobs and home values [...]
Sep 1 2010
FDIC holding banking system by a thread – $13.2 trillion in assets backed by -$15.2 billion Deposit Insurance Fund. 19 Banks hold 50 percent of all banking assets out of 7,830 institutions. What needs to be done to restore the banking system for the American public.
It was interesting to see the spin regarding the FDIC quarterly report this week. The report was largely a reflection of the way we now categorize profits in the banking system. Banks made a nice amount of profit through trading securities (on bailout leverage) while at the same time cutting back the amount of capital [...]
