I THOUGHT IT OUTRAGEOUS THAT ANYBODY HAS TO STEP IN TO BAIL OUT A BUNCH OF 29 YEAR OLDS DRIVING MASERATIS

By
Real Estate Attorney with THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY

Sometimes you get a frank speaking knowledgable person that sums up the day's thought succintly and in one sentence.  Speaking on the Financial Crisis, legenday investor Jim Rogers, in an interview reported on CNBC this morning said the irresponsible people need to go bankrupt if necessary.  Here is the quote - you'll love it since it is So True!

"I thought it outrageous that anybody has to step in to bail out a bunch of 29 year olds driving Maseratis," he said

The whole interview is on CNBC with a video clip too.

I have some articles on the bail out that may be helpful to you at these links.

EMERGENCY ECONOMIC STABILIZATION ACT -WHAT IT MEANS FOR YOU

BAILOUT FOR HOMEOWNERS - WITHOUT WALL STREET

A word of caution - to make the homeowner bailout work you need to have lenders participating in the HOPE program and FHASecure program -- to date I have not heard of a single one!  So much for voluntary programs.

It appears the politicians think the only ones that vote are people losing their homes?

Be sure to contact your own attorney for your state laws, and always consult your own attorney on any legal decision you need to make.  This article is for information purposes and is not specific advice to any one reader.

Richard Zaretsky, Esq., RICHARD P. ZARETSKY P.A. ATTORNEYS AT LAW, 1655 PALM BEACH LAKES BLVD, SUITE 900, WEST PALM BEACH, FLORIDA 33401, PHONE 561 689 6660  RPZ99@FLORIDA-COUNSEL.COM - FLORIDA BAR BOARD CERTIFIED IN REAL ESTATE LAW - We assist Brokers and Sellers with Short Sales and Modifications and Consult with Brokers and Sellers Nationwide!  Shortsales@Florida-Counsel.com  Website www.florida-counsel.com

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Gabe Sanders 10/10/2008 12:33 PM
Topic:
ActiveRain Community
Location:
Florida
Groups:
Realtors®
Dedicated Bloggers
Silent Majority
PALM BEACH COUNTY SHORT SALES
Addicted to Active Rain
Tags:
foreclosure help
florida attorney
short sale attorney
short sale lawyer
statement of the day
mortgage modification help
florida forecl

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,422,342
Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Why not?  The politicians are doing it for years.  No one even investigates them.  That is what has happened.  Then again no one has demanded Obama, Dodd and others give back monies obtained from lobbiests from Fannie Mae and Freddie Mac.  Senator Dodd and Schumer got favored loans from Countrywide.  So what's a few Maseratis?

Oct 10, 2008 01:23 AM #1
Ambassador
2,692,899
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Goodness.  I have no sympathy for the Wall Street traders.  I hear them whining on the news and I just sit here and shout.

HEY guy, (or gal).  Didn't you save any money from that $1,5 million you raked in last year????????

Oct 10, 2008 01:24 AM #2
Rainer
100,660
Cheri Smith
Prudential Gary Greene, Cypress TX - Cypress, TX
Realtor Prudential Gary Greene

I have to agree. It's rediculous.

Oct 10, 2008 02:38 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
247,620

Richard Zaretsky

Florida Real Estate Attorney
Ask me a question
*
*
*
*
Spam prevention

Additional Information