Click the pic to see an amazing story of a government agency that may well be losing sight of the forest for the trees.[1]

"If you buy U.S. Treasuries, then there’s at least a fighting chance that you’ll get your money back." – dealer [1] Sorry, Doomers, but on a Thursday when just about everything else was depression-city, the NY Fed numbers we have been following were casting an almost unique ray of light UPDATE: Once again, Brad’s got further info and charts at this must-read CFR post.[5] … But the fact that Russia explicitly indicated its sovereign fund would shy away from illiquid Agencies is news. It underscores that most sovereign investors — sovereign funds as well as central banks — are shifting…
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It’s Friday, and here’s what CBS News said about us on the fourth: Beginning in 2005, hundreds of websites and blogs sprouted up warning about the housing bubble. At the time, these people were often viewed as doomsayers or cranks. Thoroughly vindicated, many of their sites are now de facto rallying points against Obama’s plan, purely on grounds of economic prudence. The blog FlippersInTrouble, for instance, gives exhaustive data on the losses being racked up by speculators in Sacramento, which won’t help build sympathy for the beneficiaries of the bailout. HousingDoom.com, a site which began by looking at economic aspects…
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Remember this post on the bus driver with the $800,000 home that wants Obama to stop the foreclosures?   Doomers weren’t sympathetic, and apparently we weren’t alone.  CNN has this follow-up: [Thanks J.K.!] Embedded video from CNN Video   I have also received [Thanks to J.K.#2- what are the odds!] a report by this anonymous blogger concerning Minta Garcia.  I haven’t double-checked the details of the transactions, but a search on Zaba confirms that Garcia was at the Goshen, Charles and Arlington addresses: Minta Garcia, a school bus driver and her husband, Luis Guillermo Flores, are, most likely, “unlicensed” real…
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