“Gartman thinks Tall Paul will be Treasury Sec’y”

A dream come true – credibility…

http://www.bloomberg.com/apps/news?pid=20601109&sid=a0a_ixnWfnyk&refer=home

“Paulson’s credibility takes another hit with rescue-plan reversal”

Somebody with some credibility at this point would be nice…

Check out the title of this Bloomberg piece..

http://www.bloomberg.com/apps/news?pid=20601109&sid=a0a_ixnWfnyk&refer=home

“Paulson’s Credibility takes another hit with Rescue-Plan reversal”

“This is a flip-flop, but on the other hand, when they first proposed this thing, they didn’t really know what they were doing,” said Bill Fleckenstein, president of Fleckenstein Capital Inc. in Seattle and author of the book “Greenspan’s Bubbles.” Paulson has pushed some cockamamie schemes,” he said. “So one has to ask, does he have any clue?”

another idea…

“He’s been in a trial by fire,” said Allan Hubbard, former director of Bush’s White House National Economic Council. “History, looking back” will say Paulson “responded as well as one could hope” under the circumstances, he said.

Usually on the CNBC or Bloomberg crawl.

This is a site for the TED spread – cool huh..BC or Kettle told me about it..

http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP%3AIND

lapdogs
all of them
so sad

NEW YORK (CNNMoney.com) — As government and industry scrambled to stem the housing crisis, another 84,868 homes were lost to foreclosure in October, according to a report released Thursday.

Last month 279,561 struggling borrowers received foreclosure filings, including default notices, notices of auction sales and bank repossessions, according to RealtyTrac, an online marketplace for foreclosures. That’s a 5% increase from September, and up 25% from October 2007.

“October marks the 34th consecutive month where U.S. foreclosure activity has increased compared to the prior year,” said James J. Saccacio, chief executive officer of RealtyTrac, in a statement.

A total of 936,439 homes have been lost to foreclosure since the housing crisis hit in August, 2007.

Foreclosures hit a record high in August when 304,000 homes were in default and 91,000 families lost their houses. Since then, a number of states have adopted legislation to freeze foreclosures and give homeowners a chance to modify their mortgages. These laws have helped slowed the rate of foreclosures.

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My 15 y/o daughter has been to Short Hills twice recently. She reports being treated like royalty in every store. Never happened before…

http://classifieds.nj.com/?property=nj.com&temp_type=detail&category=detail&tp=ME_nj&classification=classifieds&ad_id=233308526