No good deed … and more

1. The developer of a controversial Carroll Gardens
condo project that was shut down by a rezoning says he ended being punished for
trying to work with the neighborhood [Brooklyn Paper]
2. IndyMac Bancorp, the third-largest banking failure in U.S. history, is
filing for bankruptcy [NYT]
3. The homeowners’ rescue bill could revive shares in home
builders [WSJ]
4. Rich foreigners are drawn to New York City like moths to an urban flame [Cooperator]
5. Freddie Mac is doubling incentives it offers to mortgage
servicers that help borrowers with Freddie-owned loans avoid foreclosure [WSJ]
6. Lehman Brothers is trying to sell tens of billions of
dollars in mortgage securities [Post]
7. A look at living in Chelsea [AMNY]
8. The New School’s
ambitious plans for a Fifth Avenue
building needs more cash [The Villager]
9. More on a developer’s plans to add windows and life to the Verizon tower [Downtown Express]