WCI, the troubled homebuilder, sold the community where Mediate lives--Tuscany Reserve--to foreign investors for $65 million last month. The development is in Naples, Fla., among the hardest hit of all U.S. cities in terms of the mortgage fallout.    Read More

I’m working on a story for TV today about which builders are in the deepest doo-doo after the Commerce Dept. reports single family permits down 6.2 percent in January. Permits are down 30 percent since the August credit freeze and down 57 percent from their peak in September of 2005.    Read More

Cramer explained why the Dow was down 212 points despite promises of a stimulus package and half-point rate cut: The central bank has no sense of urgency, and the market knows it.   Read More

The Wall Street legend discusses his latest moves with Cramer.   Read More