This video of New York musician Rick DellaRatta riffing on the current mortgage-fueled mess — and Federal Reserve Ben Bernanke’s handling of it — is making the rounds on the Internet. Pretty clever and the guy’s got decent chops on the piano. Man, I miss the old piano balladeers like Elton and Billy Joel.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.