July 10, 2008
I don't know if it's the $5/gallon gas prices, but freeway life here in southern California has become more surreal of late. Granted, traffic volumes are down, at least a little, so freeways are no longer in that perpetual...
As I have said before, [Fannie and Freddie] are adequately capitalized, holding capital well in excess of the OFHEO-directed requirement, which exceeds the statutory minimums. -- Jim Lockhart, OFHEO, July 10/08 I love the expression "adequately capitalized". It's one...
This is staggeringly typical stuff in one homeowner's home equity line of credit abuses related to a now foreclosed SoCal home: On 1/8/2004 the property was purchased for $465,000 with a $372,000 first mortgage, a $46,500 second mortgage and a...
First Apple 3G iPhone teardown has been done already. Someone flew to New Zealand to do it ... tomorrow, sort of. More here....
Some interesting results in a new study into how people behave in the presence of money. The gist: When money is visible and supervision intermittent, people change their participation for the worst in a hurry. The Abundance Effect: Unethical Behavior...
