wall street: My latest take on Reverse Mortgages
- 06/08/09 07:31 PM
Call me whatever you'd like, but you won't change my attitude towards reverse mortgages. Every time I see an article regarding them thar things, I stop and read it and what I seem to be reading MORE of is all the caveat emptor stuff rather than whatever good that might come out of one. Frankly, as I have indicated in the past, I have had only one exposure to a reverse mortgage, but that ONE was enough for me. I can still remember the little ‘ol lady that got burned when she was forced out of her house because of a technicality … (3 comments)
wall street: Wall St. is a Joke
- 02/26/09 08:38 AM
I haven't posted for a while, but I surely want to throw my 2c in regarding my sentiments towards the missfits and fanatics of Wall St. Today we learn that Wall St. has jeered the Obama budget plan....a plan that is heartily attempting to help bail our nation out of its worst economic mess since the Great Depression. I find it comical that such an event would take place.Of interest, may I share a few articles that should shame the Wall St. genre:The Madoff Economy -- Friday, December 19, 2008- Paul Krugman - Op-Ed Columnist - The New York Times"...it looks … (2 comments)
wall street: Truth or fiction? You be the judge....
- 10/02/08 07:18 AM
The following is a copy of an e-mail I received this morning: ====================================== Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street. Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, ' Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement la te Tuesday conceding that 'mistakes were made' and saying he would assume responsibility as … (5 comments)
wall street: Oil prices appear to be tanking....
- 09/14/08 01:16 PM
"The oil market is selling off because the early indications show Ike didn't do as much damage as feared," said Chris Jarvis, senior analyst at Caprock Risk Management." In fact, oil was as low as $98.46 a barrel today -- the lowest since February 26th -- during a special trading session set up today (Sunday) to deal with the mess that's currently got Wall Street all in shambles. http://www.reuters.com/article/hotStocksNews/idUSSIN4333720080914 I really don't know quite what to make of that statement by Jarvis. Maybe we could read into it that if Hurricane Ike never existed, maybe oil would be lower than that $98. … (11 comments)
wall street: Wall Street vs. Global Warning
- 08/31/08 06:36 AM
The Great Wall Street Debacle vs. The Great Global Warming Consensus This post has got absolutely nothing to do with real estate, but then again, maybe it has, depending on whether you're interested in wanting to purchase or liquidate property that is dependent on factual financial data or predicable weather conditions. Your decisions may also be affected by your consensus of Hurricane Katrina vs. pre-Hurricane Gustav. While we languish in bewilderment regarding Hurricanes Katrina & Gustav and the world's financial malaise, I would like to throw a stone at American intrusiveness. While reading quite an alarming news story about the impending … (0 comments)
wall street: That Awesome Warren Buffett CNBC Interview
- 08/23/08 05:39 PM
I guess my stance on Warren Buffett is of record, so I will merely post my latest find regarding The Oracle of Omaha. This guy, Buffett, in my book, is definitely a guy worth studying. And the following quote is just one comment that Warren made in his interview on Friday morning's SQUAWK BOX on CNBC regarding Fannie and Freddie. I consider this guy to be a jewel, hands down. I realize there are always two ways of looking at the same thing, but the way I see things, now, is that I stop, look and listen to what this guy has to say. And because of it, I think that my financial precepts are now … (2 comments)
Call me whatever you'd like, but you won't change my attitude towards reverse mortgages. Every time I see an article regarding them thar things, I stop and read it and what I seem to be reading MORE of is all the caveat emptor stuff rather than whatever good that might come out of one.
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