Mortgage pain: It could cost $700 billion to fix the US mortgage system and it could cost $685 billion to fix Fannie Mae and Freddie Mac. Despite election losses, the attorneys general investigation into robosigning will continue.
Econowatch: Ireland is brewing a bond crisis. http://finance.fortune.cnn.com/2010/11/04/irish-bond-crisis-brewing/ US nemployment has probably held near 10%. Commodities are spiking. And gold prices dipped from their record high.
Wall Street recovering despite ongoing bank woes: October’s 132 IPOs generated $49.6 billion, the largest monthly amount ever, according to data from Dealogic. The previous high was $46.5 billion in 2007. The WSJ notes that, coincidentally, this also happened in October. Hedge fund bonuses are edging higher.
Well, AIG is still having some problems.
What happened between Mark Hurd and Jodie Fisher? It gets a little weird…
In other tech: Dell dumps BlackBerrys and gives employees Dell-made smartphones.
Finally… This guy… he really wanted a turkey…