bailouts: Hold Your Hat!...The Bailout Should Kick In Any Day Now!!! - 10/08/08 06:15 PM
This post will be as relevant tomorrow as it is today.
And the next day, and the next day.
Some day this wars gonna end.
Mortgage Samson
… (6 comments)
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bailouts: California's Bankrupt: Got $7 Billion? - 10/06/08 03:27 PM
Is California too big to fail? It's now bankrupt if it needs money from the U.S. government to stay afloat. It's a bargain. For only $7 billion, the rest of us can get a piece of California. Its real estate values must be very low, if the government there cannot raise … (7 comments)
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bailouts: ECONOMIC STABLIZATION ACT - WHAT IT MEANS TO YOU - 10/04/08 09:53 AM
Via Richard Zaretsky, Esq.:
My wife asked a very important question this morning - so what does this new Act do for the housing market?
I then read the entire Act and wrote a blog of the Act in a NUTSHELL. Then realized that I have not discussed what the Act … (0 comments)
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bailouts: March Madness in September & October of 2008!!!!! - 10/01/08 04:45 PM
I had this come to me last night. This is hysterical. This is September Madness. We're working our way down to the final four survivors in the financial banking industry. You'll see that in the Sweet 16 is Bank of America, JP Morgan Chase and FHFA. I love the touch of … (7 comments)
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bailouts: What Andrew Jackson Said About Bailouts . . . - 09/30/08 01:55 PM
If George W. Bush, John McCain, or Barack Obama had any honesty and integrity, they would approach the current banking malady in much the same way that President Andrew Jackson did.
In discussing the Bank Renewal bill with a delegation of bankers in 1832, Jackson said, "Gentlemen, I have had men watching you for … (2 comments)
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bailouts: The Government Bailout Explained! - 09/26/08 11:37 PM
Has anyone really explained the government bailout to you? Me neither! Let me see if I got this right. I had to put this on paper to see where this is all going. The 700 Billion dollar bailout needs a more simple description to understand what the politicians do not … (35 comments)
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bailouts: Second Time US To Announce Major Bailout On A Sunday In Time For Monday Asian Markets - 09/26/08 07:07 PM
China and Japan both own one trillon dollars in US Treasuries or half of these debt instruments outstanding. Others including Russia and the gulf oil states own a good amount as well. These purchases are the direct result of a positive trade balance with the United States. During a global slowdown … (0 comments)
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bailouts: What's Next? - 09/26/08 02:22 PM
This will go down in my personal history books as the year I do not want to repeat. I get sick of turning on the news, or reading business news on the internet and learning of historic failures of banks, companies and yes bailouts. What bothers me most is the piece … (52 comments)
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bailouts: MY BAILOUT PROPOSAL - 09/25/08 09:22 PM
I was against the $29 Billion bailout of Bear Stearns. I was against the $5.4 Trillion bailout of Fannie Mae/Freddie Mac. I was against the $85 Billion bailout of AIG. I am against the $70 Billion cash infusion into Wall Street. I am against the proposed $700 Billion (to start) bailout by the Treasury, and the proposed … (8 comments)
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bailouts: How do you feel about U.S.Government BAILOUTS....? - 09/25/08 03:58 PM
Put the following BAILOUTS in perspective:
Penn Central Railroad-1970 $3.2 b
Lockheed-1971 $1.4b
Franklin National Bank-1974 $7.7b
New York City-1975 $9.4b
Chrysler-1980 $3.9b
Continental Illinois Nat'l Bank-1984 $9.5b
Savings and Loan-1989 $293.8b
Airline Industry-2001 $18.6b
Bear STaerbs-2008 $30b
Fannie Mae/Freddie Mac-2008 $200b
click on: propublica.org/special/governments-bailouts to find out … (0 comments)
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bailouts: SOMEBODY PLEASE STOP THE INSANITY! - 09/24/08 09:06 AM
IS IT JUST ME OR IS ANYONE ELSE TIRED OF THE SAME OLD NEGATIVE MEDIA TELLING US HOW BAD REAL ESTATE IS? I completely understand that it is terrible in certain places around the country. I also realize that people who had no business qualifying for a mortgage are home owners … (0 comments)
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bailouts: BAILOUTS - URGENT CALL TO ACTION! - 09/23/08 04:34 PM
Ok, just got off the phone with my senator and congressman's office. I told them to not vote for the Bailout. I told them I am not their slave and that $700,000,000,000, divided by 200,000,000 taxpayers = $3,500 of debt per taxpayer ! I told them to Vote NO to the bailout … (12 comments)
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bailouts: What's the Big Deal?....It's Only $700 Billion... - 09/23/08 01:20 PM
Anyone else watching the Senate Banking Hearing with Paulson and Bernanke answering questions on their 'plan'?
It's a Capitol Hill Classic!
… (3 comments)
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bailouts: Welcome to the Republic of Wall Street - 09/23/08 12:23 PM
Welcome to the Republic of Wall Street formally known as the United States of America. Once again "we the people" are being used as collateral to bail out the incompetence of our elected officials. The original focus was the point of origination but finally the real culprits are getting the exposure they deserve.
Certainly … (0 comments)
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bailouts: Crisis on Wall Street - 09/22/08 04:39 PM
"We are mortgaging the future of our children and grandchildren at record rates, and that is not only an issue of fiscal irresponsibility, it's an issue of immorality." - David Walker, former Comptroller General of the United States (Speech to Birmingham Rotary Club, Jan. 9, 2008)
Massive fluctuations in the stock … (4 comments)
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bailouts: The fleecing of the American Tax Payer- The worst in our American History - 09/20/08 01:01 AM
POLITICIANS HIT BOTTOM
History tells us again and again how money influences the politician. We are witnessing the results of years and years of pocket lining to our politicians from Fannie Mae, Freddie Mac and other "money houses". The chickens have come home to roost.
If you think "your" political party … (2 comments)
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bailouts: FED Criticized for AIG Bailout - Paulson and Bernanke Asked to Resign - 09/18/08 06:31 PM
Senator Jim Bunning, who has already called for the resignations of Paulson and Bernanke, has introduced a bill to strip the Fed of its ability to use taxpayer dollars for bailouts. This is the first I've heard of the bill, so I can't comment too much on it, but, again, it's … (3 comments)
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bailouts: Leave No Billionaire Behind - 09/16/08 02:11 PM
While You Were Sleeping: The $5.4 Trillion Giveaway of Your Tax Dollars Henry Paulson, United States Treasury Secretary, held a press conference at 11:00am EDT on a Sunday morning to tell us, the tax payers, we're going to take over Freddie Mac and Fannie Mae and their $5.4 trillion worth of home … (9 comments)
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bailouts: Government Bailouts and the End of the Dollar as We Know It - 09/13/08 06:53 AM
Last night I read a featured post here about why Fannie Mae and Freddie Mac are so important to us and that the government bailout was a necessary and good thing.
I've been trying to think through the ultimate ramifications of these bailouts. Deep down I know it's not good for … (1 comments)
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bailouts: THE 65 MPH FORD THE US CAN'T HAVE! - 09/13/08 12:28 AM
Ford's Fiesta ECOnetic gets an astonishing 65 mpg, but the carmaker can't afford to sell it in the U.S. If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to … (8 comments)
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bailouts: While You Were Sleeping: The $5.4 Trillion Giveaway of Your Tax Dollars - 09/12/08 10:49 AM
Henry Paulson, United States Treasury Secretary, held a press conference at 11:00am EDT on Sunday morning to tell us, the tax payers, we're going to take over Freddie Mac and Fannie Mae and their $5.4 trillion worth of home debt - half the mortgage debt in the country.
This was a well … (4 comments)
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bailouts: Real Estate Fraud - 06/20/08 01:33 PM
It appears that the powers that be have finally grabbed a sleeping giant by the tail, i.e., the beast called mortgage fraud. It is unfortunate that this action was initiated not by skilled regulators protecting consumers, but rather by politicians trying to focus blame on someone besides themselves. The government has … (2 comments)
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bailouts: Congress to the Rescue of the Foreclosure Epidemic - 04/28/08 02:56 PM
The state of the economy is on all of our minds, and it is the one issue that everyone is talking about, and with good reason. Gas prices are at a record high, and costs for food and other basic items are also skyrocketing. Millions of Americans are concerned about losing their homes, … (2 comments)
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bailouts: Adam Smith Is Rolling Over In His Grave! Why The Bear Sterns Bailout Was A Bad Idea. - 04/03/08 04:48 PM
How many of you watched CNBC's coverage of the Senate Finance Committee's hearing on the Bear Sterns fiasco? I'll fess up, I couldn't stomach all of it. From what I saw, it seemed like a parade of the parties involved reading from the same script. I would have called the script, … (3 comments)
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bailouts: FHA Update prior to the President's Announcement - 08/31/07 10:57 AM
MEMORANDUM FOR: All Participants in Ginnie Mae Programs
FROM: Michael J. Frenz, Executive Vice President
SUBJECT: Elimination of VA Loan Limit at Pooling
Ginnie Mae is pleased to announce that it is eliminating the restriction on the size of mortgage loans guaranteed by the Department of Veterans Affairs (VA) that can … (1 comments)
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bailouts: A Hand Up Vs. A Hand Out....why a government program is needed to help homeowners facing foreclosure - 08/27/07 05:42 AM
Earlier tonight I was on MSN.com and they had a poll on whether the government should "bail out" homeowners who are in danger of losing their homes in the current real estate/mortgage banking crises. The over-all tone of the replies that were posted was very negative. Very much a "they made … (10 comments)
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bailouts: Will Subprime Bailouts help, or are they a waste of taxpayer money? - 04/13/07 12:43 PM
Non-profit groups and legislators are increasing efforts to help people facing foreclosure. Critics state the programs will do little to stop the trend of foreclosures sweeping the nation right now. On Wednesday, the Neighborhood Assistance Corporation of America (NACA), a nonprofit devoted to helping people who have been the victim … (4 comments)
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bailouts: The sign says 'We Buy Homes' - be very careful.... - 04/02/07 11:45 PM
The sign says 'We Buy Homes' - be very careful....by Kaushik Sirkar, Chandler REALTOR®Chandler AZ Real Estate
We all know about the subprime meltdown. We know about the increase in forclosures. As more and more people get into trouble with their homes there will be more and more predators out there looking … (40 comments)
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