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Blog entries tagged with "government":
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It looks the like the government bailout program will be unveiled in the next day or so. While much progress was made over the weekend, it appears that the U.S. will hold off revealing a comprehensive plan until at least Tuesday. It is believed that the delay is due to the … (1 comments)
AIG said in a recent press release that it is 'OK to party hearty'. They said they have to entertain in their customary manner to take care of clients that provide them with the business they enjoy in their AIG-AG and IFLC divisions.
Today I went to the Senior Center for lunch. We have a citizen's commitee formed to find
This is an outstanding explanation of our current credit crises by Porter Stansbury;
Governor Crist signed into law a new program to help older individuals with dementia disorders. Similar to the Amber Alert, this helps notify law enforcement officials and citizens of missing senior citizens. To learn more about the program, visit the FLDE site at http://www.fdle.state.fl.us/press_releases/20081008_Silver_Alert.htmlLet's hope this saves lives.
I'm throwing this interesting video out to see what the masses say! Don't send me hate mail or nasty comments! I want your thoughts and ideas of this interesting video that was sent to me...
Watch this very fast and interesting video....
Whether you are Republican or Democrat...no matter, share … (16 comments)
Remember how, after the September 11 attacks, Congress moved swiftly to eliminate law enforcement "turf wars" over sharing information and cooperating to catch evildoers? In light of recent events in the financial world, it's time for bank regulators to work together for the common good and stop the current practice of … (0 comments)
Yes, it appears that this new program may help desperate homeowners to move out of foreclosure, but if you agree to the program, you have to sign a note promising FHA that they will receive 50% of the equity gained in the house. It just doesn't feel right to me.
Sub-prime lending and easy credit are widely considered the primary factors that caused the expansion of the housing bubble and the expansion of housing prices that led to the ultimate implosion of the real estate economy. However,
The United States government should not be funding the mistakes of private business. People should pay for their mistakes. Government should have let the businesses, management and stockholders figure it out. I had nothing to do with their ineptness and believe that I should not pay. We all get to cast … (0 comments)
Our world is changing. The financial markets are in turmoil. None of the rules seem to apply any more. Sadly, this is affecting many folks on an individual basis. Due to circumstances beyond their control, many people today are unable to make their mortgage payments on time. Good, hard working people … (1 comments)
Another Frightening Show About the Economy is broadcast by This American Life. The broadcast aired this past Sunday while driving. The explanation of the $7 billion government bailout forced me to pull into a parking lot and listen with full attention.
What grades would you give:
My wife emailed this to me today. She saw it on Dave Ramsey's website. www.DaveRamsey.com
Those poor guys at AIG. You remember them..taxpayers like you and me just bailed out their company to the tune of $85 billion dollars. Well, I guess the stress was just too much for them. So what did they do one week after the bailout? They headed to St. Regis Resort … (3 comments)
September was a historic month in the financial markets. What started a year earlier as the subprime mortgage collapse had morphed into the perfect financial storm that wiped out some of the biggest financial firms on Wall Street. There was a general and genuine concern that the financial system was coming … (0 comments)
Trying to understand the bailout bill has been so difficult. When someone reports on the story they are giving their opinion but not stating the real reason why this occurred. Because a lot of what happens next controls my income I want to not only know but understand why this started … (0 comments)
As some of you may remember the Housing and Economic Recovery Act signed earlier this year included a provision to give the states a combined total of roughly $4 billion to combat foreclosures. The state of Missouri received just over $42 million of this money and Kansas City is slated … (5 comments)
The general arguments concerning the bailout have gone something along the lines of
Thank you for contacting USA.gov.We understand you would like to know when the publicwill have access to the guidelines of the Emergency Economic Stabilization Act of 2008.For information and further research, please see the link below:http://www.house.gov/apps/list/press/financialsvcs_dem/press092808.shtmlFor information on when the actual guidelines will be available,please contact your Congressional members.To locate your … (0 comments)
Lately I have noticed that the price of oil , and the price of gas at the pump have both continued to fall.
I'm not an attorney, and I may be miss-interpreting this measure in the 700 billion bailout bill, but it seems if we just stop paying our mortgages, we have a chance to get a lower interest rate and/or a lower principle on our loan. It also looks like the government will … (6 comments)
Kevin Monahan
REALTOR
Weichert Realtors -- Suburban Properties
The First Time Home Buyer Tax Credit
Many first time home buyers that cross my desk are completely under educated on the benefits of buying a home. Even when one finally comes through they always have a problem with cash down. Well … (0 comments)
I came across a great article that explores the current economic crisis facing us today vs those that plagued our country years ago. The article compares past financial turmoils and how the media portrayed them at the time "end of the world". This article actually makes you sit back and think how much the … (0 comments)
Tonight is the long awaited Vice Presidential Debate between Sarah Palin and Joe Biden. The debate will certainly be interesting to watch and there is alot at stake for both sides. 
Why are we bailing out the banks when consumers were duped into the cruddy loan products the banks sold them...? (At least some of them were "up-sold" the ARM or some other ridiculous loan, perhaps with an inflated Debt/Income ratio as an added bonus?) Why should businesses be saved when consumers … (5 comments)
(This post is directly referencing the latest RPAC email : Call for Action : Pass the Emergency Economic Stability Act. Please be familiar with this email as I will not repost it in it's entirety.)
You like big government. 
I've been reading the articles in the paper and watching the news for the past few days, and I just can't seem to come to terms with this. My inner conspiracy theorist doesn't have a lot of faith that Hank Paulson is working in the best interests of the common man vs. his … (3 comments)
It is important that we Floridians know what is going on with our Florida ballots BEFORE we end up in the voting booth... in addition to the presidential election this year. The amendments cover everything from a constitutional amendment to define marriage, to several amendments regarding property taxation... a must read … (2 comments)
100 Year crash, how did we get to this point?
Proposed $700 billion plan moves forwardA proposed rescue plan that was initially submitted by the U.S. Dept. of the Treasury last Friday and received numerous edits and additions throughout the week appears to have made significant progress today, with members of both parties announcing they have reached general agreement to move … (1 comments)
I love big news stories. I watch way too much news when there are big events.
Does anyone else think it is not a coincedence that this is happening weeks before the election. One last attempt to steal from the poor and give to rich before the new administration takes over and the party ends. The same people that already made fortunes are going to make more … (2 comments)
Unless you are living out in space you are probably aware of the government bailout of major financial institutions. The 700 billion dollar bailout has now been expanded to include buying studen loans, car loans, credit cards and any other 'troubled' assets held by banks.
While our fine "public servants" in Washington and on the campaign trail are developing arthritis from pointing their fingers at everyone else, this excellent article by Neal Boortz, reformed attorney and talk-radio host, describes Capitol Hill's culpability in the current mess.Its not about "Wall Street greed"--its about Congressional greed for campaign … (0 comments)
Americans are responding to the market basically in two ways; fear and confusion. This article from Bloomberg touches on how the everyday Joe is reacting to all of the chaotic news.
Good Morning Jan:
If you are still planning to take advantage of the 100% financing and or the 40-year amortization programs, you have just over 3 weeks to buy a property and submit your application. The deadline for receiving back your approval from the lender AND the insurer is October 15th. I expect there … (0 comments)
This past week had everyone talking about the news on Wall Street. The sky was falling and the government stepped in like Superman, with a red cape and muscles flexing! Or, should I say...the tax payer's hard-earned money stepped in to the rescue! So, what exactly does this gigantic bailout mean? … (5 comments)
Newsmeat.com
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Now that they are saying the right thing, let's see if they follow through and actually do the right thing. Why does Spike Lee come to mind right now? LOL 
Are your deposits safe in this market? Check out the government's latest tool. FDIC Insurance Calculator.
It looks like the Feds are in the process of creating a company to buy unwanted assets of financial institutions. The Feds have done this before; back in the 1930s they created the Home Owners Loan Corp to issue bonds to refinance people and the Resolution Trust Corp to sell off … (7 comments)
If you don't believe in reincarnation, you'd better re-evaluate your thinking. The Resolution Trust Corporation which was a fund created by the gov. asa clean up solution to the S& L Crisis of the 80's and 90's is looking more like Frankenstein today!
It is most likely the minority of you already know this short story. My early digressions from the central point will be how true the statement that the market runs itself. This is the first time in our history that Capitalism "ran itself" into a more "centrally planned economy" than usually … (5 comments)
Yea right, no I just lost it to the government. If churches can survive off 10% why can't the government at least live off less than 35%. People ask me all the time when will it stop, my answer is always the same when the American people get tired of it. Whether it … (3 comments)
My mom mentioned a news story this evening about price gouging. She says the state attorney general got 22,000 emails about gas stations price gouging in SC last weekend and issued 1200 warrants over it so far.
The most active segment of the housing market today is the 
I'm curious, I've heard so many mixed opinions about the turbulent economy as of late, especially on Monday with the Lehman brothers and AIG on the verge of collapse. Obviously a scary time for everyone in America, but I ant the opinions of people who work in the real estate market … (0 comments)
For those of you with your head in the sand last weekend, or recovering from a Hurricane Party………..the Gov’t has announced it will be taking over Fannie Mae and Freddie Mac which allows the US Treasury to back the bonds offered by these companies. This added strength to the bonds and … (10 comments)
There are a number of reasons why it is a great time for first-time home buyers to jump in and buy this Fall, including:
There is currently a move in Congress to put a moratorium on all bank foreclosures. This is on heels of the recent government bailout of Freddie Mac and Fannie Mae. It seems to me that if the government can bail out these big companies that maybe, just maybe they could help … (1 comments)
I had this forwarded to me this morning. I love it....Sarah is the best thing that has happened to the US in years....
Does this sound familiar....10 years ago, S and L's were the subject of the government rescue, now it's the residential lending market; half of all the mortgages in the country!!!!!Wow. 
Sure, we all know someone struggling to make their mortgage payments. It's affected all of us on some personal level. But, the effects of the recent government bailout of Freddie & Fannie backed loans has a much more far-reaching effect than just individual homeowners. Fannie Mae and Freddie Mac owned or … (0 comments)
Well it happened, a bail-out. We've heard for some time now that it was very possible for a government bail-out of the housing giants Freddie Mac and Fannie Mae. I have also read many articles either demonizing the move or praising it.
Mortgage markets improved last week on Hurricane Gustav's less-than-expected damages and a strengthening U.S. dollar. 
Some time ago I wrote a post about Eyejot.com and what a great tool it is. It allows me to keep in touch with clients and colleagues, but it also allows me to communicate with them more effectively because I can record and embed video into my emails. I needed to … (3 comments)
Saturday it was annouced and Sunday it is official. 
There has been a lot of chatter about the Fannie Mac and Freddie Mac dilemma. The comments have run the gamut from the impact on the foreign investors to the impact on the national housing market. So the question becomes what is the real skinny on the issue? Well today the … (9 comments)
A major component of the recent housing stimulis legislation was the temporary first-time home buyer tax credit. According to Census data, first-time home buyers constitute about 40 percent of all buyers. It is thought that the tax credit will stimulate home buying & selling, reduce the amount of inventory in the … (0 comments)
Enough B(S)HO, here's the McCain/Palin team ready to re-UNITE the UNITED STATES OF AMERICA. The home of the free and the brave! Back to the basics of the Constitution and America! 
Protect Our Homes!!!! We already pay property taxes and this would absoluely be catastrophic!