The FT’s US investment correspondent Dan McCrum submits this guest post for FT Alphaville, adding more detail on the Countrywide mortgage that he and Mike Mackenzie tracked in their story last week about the US housing market.
Want a bargain piece of Florida real estate? For $57,000 you get this only slightly rotten house in two acres of rural Middleburg, and the comfort that you are doing Goldman Sachs a solid.* Read more
Yes, the headline’s a pun. A very bad one.
The following aren’t particularly new criticisms of the legacy set by Greece’s debt restructuring (least not on FT Alphaville)… Read more
Kara Swisher reports that it’ll be for $1bn in cash and shares. From a note posted to Facebook by Mark Zuckerberg:
Shandong Helon! We told you to remember the name.
Either this indebted fibre company would default on a RMB400m ($63m) bond coming due on April 15 – thus becoming the first domestic corporate default in Chinese history, and so maybe a sign of a maturing bond market – or it wouldn’t. Shandong Helon could simply get a local government bailout or a bank loan refinancing instead, under the ‘old’ rules of the game in China. Read more
Posting on FT Alphaville will be light to non-existent until New York hours on Monday, because of the holiday in Europe. Normal service including Markets Live will return on Tuesday.
Though to keep you going through the last of the Easter eggs — some further reading! Read more
1Bird, plane, Abe
2The US collateral shortage lives on
3Alphachat: Lee Buchheit edition, featuring Lee Buchheit
4The (early) Lunch Wrap
5Re-setting ENRC (updated)
Show more6"This is Lake Wobegone upside-down"
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