Aaron’s team of bloggers in Atlanta sent up a flare [1] earlier today. Their influential [2] [3] Mortgage Lender Implode-O-Meter is under attack by a SLAPP suit. Doom is looking at this situation closely because, to be frank, Twist and I would likely be even easier for a well funded litigant to squash in such a suit as the Georgians.
Housing Doom has followed Implode-O-Meter from its first or second day of operation, back in early January. They have since documented some 93 subprime lenders that have exited the sector, plus followed many other housing related stories. Often cited in the MSM and with well over 1,000,000 hits in just over half a year of operation, this bubble blog is widely held to be an important resource for understanding the ongoing crisis in US subprime mortgage finance. They would be sorely missed.
