Today's Fresh Blogs...

• Busy News Day: Bush & Bernanke Both Talk Housing

  Published: August 31, 2007, 12:06 pm

  Tags: Mortgage News Insight, Ben Bernanke, Fha, Government Bailout, President Bush, Subprime Meltdown

  mortgage holders with subprime mortgages. Pledge to work with Congress to reform the tax code to help troubled borrowers rework their loans. Call for rigorously enforcing predatory lending laws and strengthening lending practices. And Bernanke said that the Fed is ready to “act as needed” as needed to ensure the credit

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• Merrill Adds $5.5 Billion to the Write Down Pile

  Published: October 5, 2007, 12:26 pm

  Tags: Wall Street, Cdo, Collateralized Debt Obligations, Credit Crunch, Mark To Market, Merrill Lynch, Subprime Meltdown

  debt obligations (CDOs) and subprime mortgages; and leveraged finance commitments. These mark-to-market adjustments primarily affect Merrill Lynch’s Fixed Income, Currencies & Commodities (FICC) business. More from Housing Wire & Mortgage Insider. Share This

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• Pundits calling for a weak Christmas, blame it on subprime

  Published: October 9, 2007, 8:27 am

  Tags: Retail, Subprime Meltdown, Holiday Selling Season

  and blame it all on the subprime mess. After all, the only people who won't be able to buy a great big flat panel television this Christmas are the idiots people who shoehorned themselves into homes that they couldn't afford, are carrying half a mil in credit card debt, and/or the people who work used to work at subprime lenders and mortgage

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• If it's any comfort, the smartest guys in the room don't understand risk either

  Published: December 12, 2007, 6:50 am

  Tags: The Market, Bloggotage, Subprime Meltdown, Economy

  Great post in The Capital Spectator, which I found by way of the WSJ's MarketBeat about the current wooliness in the CDO market, and the underlying subtext, which is ultimately "What the hell were they thinking?"The Capital Spectator: ANOTHER LESSON IN RISKTurning assets into securities is nothing new, of course. From credit card debt to

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