Yesterday was sort of a media frenzy day for me, with calls all day about with the news of Lehman, AIG and Merrill – primarily, what was the linkage to New York City real estate, as well as the US?
Today I got a call from the New York Times asking me to share what I was thinking when I first heard the news about Lehman. It’s quick, I promise. Three others were interviewed from different walks of life in separate clips. Kinda neat.
It ended up on the front of the business section (middle column, center) tonight under the header “Shockwave” and then will permanently sit on the same page as the Patrick McGeehan article City and State Brace for Greater Demands on Diminishing Resources page going forward.
I don’t look forward to Fridays anymore. The weekends are exhausting. Mondays are as bad. Wait. That leaves Tuesdays, Wednesdays and Thursdays to relax. Ok, make that Tuesdays and Thursdays since tomorrow is going to be all about AIG and the Fed.
Listen the to the NY Times Business page audio clip.
I was trying to figure out how an insurance company is suffering a like fate of investment spinners. Somnbody said they insured the MBSs that others were buying. But tody I heard they actually invested the insurance premiums in MBSs that Lehman and the ilk told them were good deals. Should somebody burn in hell for this? Not that it will happen, but should they?
Birmingham Area Monthly Observations August 2008 via Market Trends: Alabama Real Estate by tbrander on 9/14/08
Birmingham Area MLS* Monthly Observations August 2008 This summary from our 130 page report see http://tombrander.com for details. Total dollar sales decreased 10% to $245,815,412 in August from $272,780,234 in July*. August is a “down” month from July so the decline to be expected although the magnitude was a bit worse than I expected (Chart section A […] Please take a look, My info and commentary are original and I’m not an agent/broker. My reports come out monthly about the 15th of the month and are usually the first available for the proceeding month. I cover three primary areas, Birmingham, Alabama Coast, Huntsville/North Albama.
I am often cited by the local media. (links in Blog) I cover the state of Alabama. My main service is higher price reports used by appraisers, Banks, developers. I just started making the summaries available by rss or email. I’ll be happy to reciprocate, Calculated Risk has already added me… I like your work! Would appreciate some feedback. Tried to send e-mail came back as ng address