How IndyMac fell … and more 

  • 1. Loose lending standards led to IndyMac’s fall [NYT]
  • 2. Regulators, bankers and traders are coming up with a new way to generate money for mortgages [NYT]
  • 3. The Mets have sold all but one of the luxury boxes at their new stadium [Post]
  • 4. The city’s crane operators’ union will get federal supervision [Sun]
  • 5. Assemblyman Richard Brodsky is questioning how the Yankees valued their land in order to ask for a subsidy [AP via NYDN]
  • 6. Gov. David Paterson and Mayor Michael Bloomberg are warning of big deficits [NYT]
  • 7. Against the wishes of the Federal Housing Administration, Congress’s housing bill won’t let the agency to charge higher rates to borrowers with lower credit scores [Sun]
  • 8. Senator Clinton and other elected officials attended a rally at Starrett City in Brooklyn to celebrate an agreement that will preserve its affordable housing [Sun]

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