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warren buffett: When Banks hoard cash....... - 09/30/08 02:22 PM
 
The Feds are scrambling hard these days to “save the economy”. I think that’s a fair statement to make. When the big, rich and powerful begin to lose money and fear they will lose more it really does illustrate the trickledown economics applied to Main Street. No money trickles down for anyone and my multifamily investment market along with every other market is affected even though the government is pleading with banks to part with their cash.
Actually it took me awhile to realize Main Street was me and you.
The credit market (unfortunately including my beloved Fannie … (6 comments)

 

Rick Fitzgerald -The MultiFamily Expert

Chattanooga, TN

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Multifamily investments and straight talk from a Senior Underwriter, Banker and Lender. Rick Fitzgerald and AAM Capital (www.themultifamilyexperts.com) covers multi family investments, banking news and commercial real estate. Find out what we can do for you by calling us today. Get the Mortgage and Loan Calculators widget and many other great free widgets at Widgetbox!

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