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.
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