Charts and Graphs

Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Chris Whalen. He makes use of a slide deck.[2] Here is the official transcript. […]

 
"New intrigue will arrive in the late afternoon when the Fed releases its balance sheet, an exercise it does usually every Thursday at 4:30 p.m., but will instead do so today [Friday]."
 
A few more mainstream people are starting to pick up on the importance of these weekly H.4.1 updates. The above was from a […]

 
"Bill Gross must be smiling"
 
That quote comes from the comment thread for Calculated Risk’s post [1] covering a new Fed program to buy up to $600 billion of GSE Agency Debt. It’s not often that our blogging world invades the kitchen at Doom North, but CBC News World at Six Tuesday at suppertime had […]

Here is Housing Doom’s fourth installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Tom Zimmerman. He makes use of an extensive slide deck.[2] There is now an […]

 
"Meanwhile, the prospect of the government creating an asset class that would directly compete against and carry a stronger government backing than the government-sponsored enterprises has led to an exodus of investors in debt securities issued by Fannie Mae and Freddie Mac, which are now wards of the state."
 
The above is taken from this story,[1] […]

Here is Housing Doom’s second installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by AEI Fellow Desmond Lachman. He made use of a slide deck [2] and about three […]

“Given the scrutiny the markets are under, Fannie and Freddie in particular, it’s irresponsible to put something like this out without having clearly done your homework.” cited in HousingWire 7/7 2008.
"Ladies and Gentlemen - The Day of Reckoning has arrived." - HousingDoom 7/7 2008
 
In retrospect it was last July 7th, the day Doom announced the […]

Housing Doom is pleased to present the first installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the introduction by session moderator Alex Pollock. It uses a short slide deck.[2] The event […]

Some debt of Fannie Mae and Freddie Mac, the two largest funders of U.S. mortgages, has come under pressure in recent weeks as investors question the government’s relative commitment to the companies. Their regulator, the Federal Housing Finance Agency, has said the companies have only "effective" guarantees.
Thursday started off with this rather startling article from […]

"Our inaction did not hamper credit markets — it helped to destroy them."
- Former FASB Board Member
Last week the testimony by FHFA chief Jim Lockhart, and the immediate correction that went up on the regulator’s web site, did much to clarify the status of the government guarantee on Agency Debt (now officially "effective"). […]