The Home Front

October 2008

Housing Starts Drop Sharply

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The government on Friday released its new home construction figures for September, which showed that the sector weakened even more than expected.

From the report:

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 817,000. This is 6.3 percent ...

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housing market

Nouriel Roubini to Testify on Capitol Hill

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I just got the release for a Joint Economic Committee hearing scheduled for later this month. Looks like Nouriel Roubini—who predicted the housing bust and the credit crisis—will be among those testifying.

From the release:

Washington, D.C.— U.S. Senator Charles E. Schumer and ...

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Arthur Levitt: How the SEC Fell Short

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Speaking before the Senate Banking Committee Thursday, former Securities and Exchange Commission Chairman Arthur Levitt outlined the agency's shortcomings in the run-up to the current financial crisis:

From Levitt's prepared opening statement:

Since 1934, a strong SEC—staffed by ...

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