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AMC Liquidators is taking advantage of the mortgage crisis and recession by selling all the furniture and art they had taken from closing banks last fall.
http://www.google.com/hostednews/ap/article/ALeqM5hLOuvy9...
“Produce the note” may be the magic words for homeowners facing foreclosure. Because of the widespread securitization of mortgages during the real estate boom, the bank trying to foreclose on your house may not actually be able to find the original mortgage paperwork. It's probably only a stalling tactic - but when you're about to be kicked out of your house, stalling for 12 months is pretty awesome.
The Harvard Business Review puts the current economic crisis in the perspective of the last 60 years. It’d be nicer, though, if this went all the way back to 1929, just for a good point of comparison. Click through to get the interactive data.
Business Buzz Dilbert, the Onion and even Paul Bernanke all called the current economic crisis long before it happened, though in very different ways. If the 20-something writers at the Onion saw this coming, why not the Fed?
Politics Buzz He may be holding the economic fate of the world in his hands — his manly, sexy hands. The internet is calling him a hottie. Insert “he can bail me out anytime” joke here.
Business Buzz Some of the best online explanations of why the financial world is currently going to hell. These are the clearest, cleanest descriptions I’ve found so far of what’s going on with the financial crisis: how it started, how it got this bad, and what it might mean. Please add links you’ve found helpful.
Tech Buzz A site that helps you auction off your bad investments to the U.S. government. Submit your shitpile, including what you thinks its value is, and browse through other piles people are trying to unload. If Washington is buying toxic mortgage securities, maybe they’ll buy your old copies of Cat Fancy magazine.
What, what, what is going on here?
Houston was photographed outside Tru Hollywood Nightclub in Los…
