“Everyone was doing Great… And all of a sudden, all the banks started failing.”

Courtesy of Housing Bubble.

• NYtimes - “Deutsche Bank to Write Down $3.1 Billion in Loans”

• Newsday- “Feds probing American Home collapse”

• Bloomberg - “The existing homes market is now in freefall”

• Reuters - “The audacious rise in the Dow [won’t] prevent millions of new ‘For Sale’ signs likely to dot U.S. lawns soon.

• Wall Street Journal - Countrywide “employees are expected to sign a pledge to ‘demonstrate their commitment“

• See for yourself… (Housing Bubble Blog)