Housing Permits

Bill Clinton says our extra money should have been put into alternative energy instead of housing.

Forbes' Vahan Janjigian says buy stocks now and expect to reach the bottom in 2009.

Economist Barry Ritholtz expects home prices to drop by another 15% before making any recovery.

The shockwaves that upended the housing market have rippled through Wall Street, wiping out billions of dollars in wealth, destroying venerable financial institutions and forcing the U.S. federal government to rescue mortgage lenders and insurance companies deemed too big to fail. Now, regulators and lawmakers are hashing out the most significant restructuring of the financial system since the Great Depression. Bloomberg Television probes the causes of the crisis and the implications of these historic events on investors, economies, and the future of Wall Street.

09/30/08 Last trading session was indeed a historic one as a combination of even more failed banks and the rejection of a proposed $700 billion US bailout hepled pave the way for the largest ever one day points drop in the history of the Dow Jones.

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Congressional Democrats successfully blocking regulation by Republicans of Freddie & Fannie the GSE responsible for pushing "affordable housing" to low income - no income individuals.

An analysis of the current US economic crisis from Freedomain Radio - what is going on, and why. September 2008. For free economics podcasts, please visit http://www.freedomainradio.com/economics.html or http://www.freedomainradio.com/politics.html

Kunal Icon Co-operative Housing Society, Pune, Maharastra Security SGM Oct 2 2008