How Bad is The US Housing Problem?
By ebizniz on November 22, 2007 - 5:28pm
A collection of US housing market and mortgage news by Vancouver Home Mortgage:
Here are 2 interesting interviews aired on Bloomberg and CNBC.
1) Light At The End of The Tunnel Or The Brain of a Fly?
Nouriel Roubini and Thomas Lawler, of Lawler Economic join CNBC to discuss the latest state of the housing market and the outlook for the future. Roubini continues to emphasize the fact that, by all measures, we are only just begging a massive correction that will inevitably lead to a hard landing recession. Lawler, likes to joke about fly brains and homebuilders.
Originally aired on: 11/20/2007 on CNBC
Running Time: 5 minutes 2 seconds
2) Fannie and Freddie’s Penny Stocks
Jim Rogers of Beeland Interests Inc., joins Bloomberg to discuss the latest turmoil for Freddie Mac and Fannie Mae. Rogers suggests that the management of Fannie and Freddie don’t even know how bad their mortgage holdings are leading him to value their stocks at roughly $8 per share.
Originally aired on: 11/20/2007 on Bloomberg
Running Time: 7 minutes 26 seconds
