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government: Sure...The Banks Aren't Being Bailed Out. - 03/11/08 03:16 PM
It may not be official, but the banks are being bailed out. Let me prove it.
The federal funds rate is the rate that banks can charge each other for overnight or short term loans. They can also borrow money from the government at this rate, which is currently at 3%. The feds raise this money by selling government backed bonds, which at this moment are being sold every two weeks at a whopping $20 billion bi-weekly. The feds have just increased that this month to $60 billion bi-weekly because of the extraordinary demand for them.
Here is where the problems come … (1 comments)

government: The Conforming Limits Are Being Raised to What?! - 01/28/08 07:48 PM
There has been a lot of talk lately about the government allowing Fannie Mae and Freddie Mac to raise their conforming loan limits. I have also heard a lot of speculation that FHA is going to raise their limits as well. Unfortunately I have also been hearing a lot of rumors, lies and complete misinformation being fed to everyone, including buyers, sellers, agents, loan officers and everyone else in this mess, so I wanted to get the actual facts out to everyone.
First, the government is considering (meaning NOT finalized) allowing Fannie Mae and Freddie Mac to raise their conforming loan limits … (1 comments)

government: Government Employee Evaluations! - 11/09/07 06:18 PM
Quotes from Federal Govt Employee Evaluations
These quotes were taken from actual Federal (US) employee performance evaluations..."Since my last report, this employee has reached rock bottom and has started to dig.""His men would follow him anywhere, but only out of morbid curiosity""I would not allow this employee to breed""This employee is really not so much of a has-been, but more of a definite won't be""Works well when under constant supervision and cornered like a rat in a trap""When she opens her mouth, it seems that it is only to change feet""He would be out of his depth in a parking lot … (6 comments)

 

Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist

Fontana, CA

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Prudential California Realty

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