foreclosures: I'm Mad as Hell and I'm Not Going to Take it Anymore!
- 12/26/08 03:19 PM
Just like the news anchor in the 1976 movie, Network, I'm mad as hell and I'm not going to take it anymore! Are you tired of banks making all the money by making risky business decisions and then complaining that he is now losing money on those bad decisions? To make matters worse, our federal government is now saying that they will bail out and cover their losses!! All the time saying it is in "our best interest". Then there is the short sale...where the bank takes less than owed on the property....and of course write off the loss as they would in any … (1 comments)
foreclosures: Are the Banks and the Fed helping or hurting the Real Estate Market?
- 12/17/08 08:57 AM
So, the Feds are going to bail (and have bailed) out the banks. They have given them money to cover their bad loans, have taken over Freddie Mac and Fannie Mae. Now they are talking about buying the mortgage backed securities that no one else wants. What is that doing to the real estate market? I don't have an economics degree, am not an expert nor am I an executive in the banking industry, but I DO have an opinion. What am I asking are merely rhetorical questions and statements of how I would act if I were in the position of the lending … (1 comments)
Just like the news anchor in the 1976 movie, Network, I'm mad as hell and I'm not going to take it anymore!;)
;)
