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| Issue of August 27, 2007 |
A Liquidity Squeeze Or a Credit Crunch?J. William Mantz The terms liquidity squeeze and credit crunch are used interchangeably in the financial press. Is one worse that the other? Context and Caution In the dog days of summer and of the real estate market a slight breath of fresh air has arrived: Single-family home sales in the Bay State showed a small increase in July, the first time such a gain has been registered in five months. Selling Out? A recent survey done by the National Association of Realtors shows that hardwood floors and large garages are topping the lists of what homebuyers want. Clearing Up Some Misconceptions By Thomas R. Gleason A little over a month ago, the news went out that MassHousing was developing a new mortgage product to help people who were struggling with adjustable-rate loans and other exotic mortgages they could no longer afford. Insurance Industry Serving as Litmus Test to Global Warming By Geoffrey A. Gordon Many leaders of commerce and manufacturing harbor deep skepticism about links between industrial activity and global warming, or indeed whether global warming itself is anything more than political bluster. Lehman Closes Mortgage Subsidiary Amid Loan Market Tumult By Joe Bel Bruno Lehman Brothers Holdings, the nation's fourth-largest investment bank, said Wednesday it is shuttering its subprime mortgage business because of the turmoil in the home lending industry. Check and Balance Banker & Tradesman's political cartoon. |
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