Best of the Web: Broke Dudes Buy $1M Home with FHA Help; Fed Balance Sheet Expands, Poker Skills Help Traders
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StreetInsider.com Best of the Web 11/20/09:
- Recently broke Mike Rowlan and a couple buddies just bought a two-unit apartment building for nearly a million dollars with little money down with the help of the FHA. "It was kind of crazy we could get this big a loan," said Mr. Rowland, 27. “If a government official came out here, I would slap him a high-five."
- The Fed's balance sheet liabilities expanded to $2.192 trillion from $2.117 trillion a week ago on an over $70 billion rise in MBS. The Fed's CPFF program staged its first increase in total holdings week over week, from $14.4 billion to $15.1 billion. Foreign holdings increased by $16.7 billion to $2,932 billion.
- A Harvard professor says poker skills can translate into the trading world. An increasing number of hedge fund and brokers are scrutinizing professional poker to find talent and analytical tools.
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