Lehman Brothers, an investment bank that dates back to 1850, prior to the Civil War has now filed for bankruptcy. A storied institutions that has survived two World Wars, the Great Depression, and practically every other calamity in its 158-year history is no longer solvent. As of 1am on September 15, 2008 the investment bank […]
Unless you follow the housing market closely, you may think that not much in the housing market has changed. Yes, in January we already knew that the housing market was having problems but these last 6 months have added fuel to the flame. In January, the year over year drop for Southern California […]
It is becoming rather apparent that the economy is now of the cusp of flying out of control. The Federal Reserve under the tenure of Alan Greenspan always carried an aurora of power that whenever things got silly in the market, the maestro Greenspan would quickly take center stage in D.C. and calm the […]
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
You are currently browsing the archives for the write-downs category.
