Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

HOW THE BANKS GOT INTO REAL ESTATE. A CHRONOLOGY OF A CATASTROPHE
I'll never forget the day.  It was early in June 2010. 
I got up early, made the coffee, took a quick shower, and hit my computer to check e-mail.  I had a class scheduled for CE so I only had an hour or so to review the e-mail and ActiveRain overnight posts. 
I didn't get to the CE class.  I was mesmorized by the News Headlines and the ActiveRain Blogs. 
I REMEMBER THE DAY WELL.  Taking a sip of coffee, while the e-mail was downloading, I logged onto ActiveRain and looked at the Blog Dashboard.  Goodness, about every other word was BANKS, BANKS, BANKS.  So, I clicked on a post by"AJ",always a good reporter of mortgage industry news and there it was, right at the top of his blog post
BANKS IN REAL ESTATE - CONGRESS APPROVES THE TAKEOVER OF SEVERAL GIANT REAL ESTATE COMPANIES BY A CONSORTIUM OF BANK HOLDING COMPANIES. 
PRESIDENT OBAMA SIGNS SWEEPING LEGISLATION GIVING BANKS AUTHORITY TO BUY REAL ESTATE COMPANIES. 
Congress, overwhelmed by the virtual demise of the real estate industry, has capitulated to the banking industry and approved legislation to permit banks in real estate on a federal and state level.  The emergency legislation sponsored ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention