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20 Aug 2008 10:49 am
The Economy
I'm getting a new mortgage so I've had a tiny glimpse into the new credit environment. The hurdles today are immensely greater than I recall in the past (which is undoubtedly a criticism of the past more than the present). And then you read a story like this, suggesting that Fannie Mae is essentially doomed and this, suggesting that a very big bank may go under in the near future, and you wonder if, from the long view, historians will look back at this time and see a looming freight-train that we haven't quite focused on yet. I don't know. But it doesn't look good.
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The Economy
Excerpt: [Source: The Daily Dish By Andrew Sullivan] quoted: I'm getting a new mortgage so I've had a tiny glimpse into the new credit environment. The hurdles today are immensely greater than I recall in the past (which is undoubtedly a criticism of the...
Weblog: EconWatch.com
Tracked: Aug 20, 2008 2:03:57 PM
