Archive for March 26th, 2009

"Hope for Homeowners" Utterly Hopeless

Remember last summer we were told that Bush’s "Hope for Homeowners" program could help up to 400,000 homeowners who were facing foreclosure?  So how many homeowners have been helped since then, care to take a guess? Here’s a hint- move the decimal place five spaces to the left, and you’re still 400% too high: NEW YORK (CNNMoney.com) — If HOPE for Homeowners, the foreclosure-prevention plan passed last summer, was a soft drink, it would be New Coke. If it was an automobile, it would be an Edsel. A movie? Howard the Duck. In the five months since it has been…
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Clarified Geithner (a dipping sauce for dollars)

  • Published: March 26th, 2009
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The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance. [1] As usual, Ambrose is the guy who sums it up [1] while Tim was busy trying to stuff the toothpaste back into the tube.[2]

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