Sunday, December 10, 2023

Tag: Great Recession

The Great Recession began with great deception

A new term describing how Lehman converted securities and other assets into cash has entered the financial vocabulary: "Repo 105." While Lehman's huge indebtedness and...

Working our way out

The inability of developers to access traditional capital markets remains a significant issue. The National Association of Home Builders (NAHB) estimates that the current...

Light of day

While year-end upticks in sales volume are seasonally typical, the first quarter of 2009 likely will be considered the bottom of the downturn in...


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