Real Estate Blog - The money game

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The money game - Where is the money?

I am hoping some of my Mortgage Broker friends will chime in on this and help me to understand a bit better. Again on the news we hear that the Fed has a NEW PLAN - this time, it is not coined as a bailout but rather a 3 year loan to the big boys on Wallstreet so that they will start lending to the little guys on Mainstreet.

Now, somebody tell me where the near TRILLION dollars already given to these big boys (and girls) has went? Wasn't that suppose to be given to them so that they would get them to turn the credit faucet back on? Well, according to the media this has yet to happen and according to the Fed this 'loan' will do the trick.

Here is where I really need some help. I have yet to hear of anyone being unable to buy a car or home due to the inability to get a loan. Not even a delay. Surely, being in the Real Estate Profession this would have spread like wildfire via the local comm's as well as here on AR. Nothing - nada - zilch. Quite different - many enticements to get people to buy a car or buy a home.

So, somebody please educate me? Why, after all the money we have gave (no I don't believe we will ever see a return) do we continue to throw more printed paper (after borrowing from other countries)? Why can we not allow AIG to fail? Surely after the BILLIONS given to AIG alone we should own the damn place.

I look forward to hearing your thoughts.

Regards,

Tim

Regards

Tim and Pam Cash
Crye-Leike Realtors
931-338-1375 or 931-436-7617

The Cash Team - Making dreams come true one home at a time. Proudly serving the citizens of Clarksville and the Soldiers of Fort Campbell. To view available Clarksville properties, please visit our website at www.cashsofclarksville.com or email us at thecashteam@cashsofclarksville.comand we will run a custom search for you. Finding you and yours the perfect property in Clarksville Tennessee and surrounding areas is our goal.

Posted by Tim and Pam Cash - Clarksville TN Real Estate Professionals on 03/03/2009 09:20 PM

Comments (9)

Credit Crisis in the Mortgage / Finance Channel

another bailout, aig, clarksville real estate, clarksville realtor, mortage bailout, economic stimulous package

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9 Comments on The money game - Where is the money?

MAR

The money seems to have evaporated, absorbed by huge infastructures designed to be supported by an expanding economy that is now contracting. Money wasted, sadly.

Jason, very sad indeed. So, with the economy still contracting, will a mere 200 billion do anything?

MAR

Tim, great post. Thankfully those high end execs took those disgustingly large bonus checks to be able to continue to rape the American people of their money.

Tim and Pam,

Great post and great questions ! I wish we had the answers... hopefully these things will shake out over time. It is absurd where the money has gone... some of these companies are just black holes. It will be interesting to see what happens ! BTW, just subscribed to your blog ! ~ Chris

I have a funny feeling that someone pulled a trick on the American taxpayers. David Copperfield would be proud.

ToulaRosebrock.com Hi Tim & Pam:

You did make some great points!

Allowing them to fail would send a huge message to others who are waiting for their bail-out.

Ellie, that is another reason I just cannot understand it. And what happened to them - some terse words?

Chris - Thanks for the subscribe. You are right, it will be interesting to see. It is out of our hands at least until 2010.

Kevin - sad but true.

Toula - absolutely!

Tim & Pam, it's hard to know what one thing or combination of things will work. We have to keep trying and not just sit and wait. I have sold several homes recently due to the $8,000 1st time buyers tax incentive.

Lara, I am all for the $8,000 first time home buyers incentive - heck I think they should have stuck with the $15000 buyers incentive first proposed. And while I agree that we have to keep trying - the ideas should have come from some nonprofit, nonpartisan type think tanks.

Add to that, when are we going to see some hearings on who and how we got into this mess?

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