Ordinarily I wouldn’t point you to something that came out way back in March, but I just saw it today and it’s funny. Bess Levin of Dealbreaker.com imagines an IM chat between past Fed Chairman Alan “The Maestro” Greenspan and current Chairman Ben “Gandalf” Bernanke.
One little excerpt:
Maestro69: … What sagely advice did I convey?
GaldalFed: That’s the thing, Big Guy. You suggested I get an adjustable rate mortgage that resets after three years.
Maestro69: ROTFLMAO. shit dropped the phoen again.
Check it out here.
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.