More on Loan Buybacks; GMAC’s Earnings; Another BofA lawsuit; Primer on Volatility; Solid Super Bowl Joke
Posted To: Pipeline Press
A hole has been found in a nudist camp wall – the police are looking into it. There is also a hole in Harrisburg, Pennsylvania's budget, and the city is considering filing Chapter 9 bankruptcy . (The capital of PA, with a population of 47,000, has $68 million in debt service payments this year due to the construction of a waste incinerator, which is four times more than what the city expects to raise through property taxes and $4 million more than the city's entire proposed operating budget!) Yesterday's stock market drop dominated the financial news . And a slowing economy helps rates and mortgage loan agents, right? (It's a two-edged sword.) So the markets did not pay much attention to Non-Farm Productivity increasing over 6% during the fourth quarter of 2009. Efficiency in…(read more)