Boomburbs: Bustburbs of the Future?

» NYT: Cost of Borrowing Zooms Up for Corporations (Jack Healy, Vikas Bajaj)
» NYT: Banks Foreclose on Builders With Perfect Records (John Rudolf)

My primary interest for this post is the second link above, but it's hard to really ignore it in the context of the first. It's struck me as perhaps the biggest paradox of this current economic situation that government has to find a way to ease credit after years of which too-freely flowing credit has been a key part of the originating problem. Credit-worthy homebuilders seem like a parallel, possibly an extreme one at that. On one level, they're precisely the type of companies that deserve temporary help (good credit, bad lending environment). But on the other, you end up exacerbating a key problem that fueled the larger problem (excess housing stock).

At some weird level (the one I occupy, apparently), it's difficult to ignore the effect of this in political terms. But more on that after today.