bailout: Bank of America/Countrywide Continues to Make Out Like Bandits - 04/29/09 01:17 AM
You may recall that the housing loan modification program has been touted as the solution to solving what ails the housing market.
Very few people have actually qualified for these modifications.
But Bank of America/Countrywide, one of the largest beneficiaries of the taxpayers' largesse, has supposedly been actively working with their lendees to modify their loans.
BusinessWeek has a very telling, inside look at what's really been going on.
A homeowner from Northborough, MA is charged more than $6000 in fees to modify her loan, and her Dad decides to contact Barney Frank and other legislators:
 
A Letter to Barney … (6 comments)

bailout: Wall St Execs Get Their Pay Slashed by Obama!...John Prescott's The MetWest Scene - 02/04/09 11:06 AM
Obama Hits Execs Excess with his Best Shot - Salary Limits !!!...John Prescott's The MetWest Scene bostonkayakguy.wordpress.com Submitted: 5 min ago - If you want to get Wall St.'s attention - then just cut their pay to a $500,00 cap! President Obama has just leveled a shot where it hurts - in the deep pockets of senior management! But what's this??? He also wants to limit YOUR income??? (continued) BostonKayakGuy...John Prescott's MetWest Scene
» Full Story on bostonkayakguy.wordpress.com
 
Image via Wikipedia This isn’t going to be pretty…
 
  Well, certainly if a company receives TARP funds, the government should … (0 comments)

bailout: Obama Calls "Foul!" To Citigroup Execs...John Prescott's The MetWest Scene - 01/30/09 08:17 AM
Move over…
Flying in coach is about to get a lot more crowded…
Those corporate suits at Citigroup, the very ones who got a $45 billion handout from you, me, the guy down the street…you get the picture…just got a major reality check from the new guy in town - President Obama.
Following reports  that Citigroup planned on using TARP monies to purchase a $50 million luxury jet, White House officials apparently picked up the phone and delivered a bombshell to Citigroup, “Not with our money, you don’t!  Fix it!”
 
Image via Wikipedia
This follows on the heels of … (0 comments)

bailout: Bailout Beneficiaries Balk...John Prescott's The MetWest Scene - 12/22/08 05:15 AM

Deal or No Deal…Accountability for Bailout Beneficiaries? bostonkayakguy.wordpress.com — HoHoHo! You were very very bad this year. So you get a bailout. You were very very good this year. So you get to give your money to the bailout beneficiaries. And they won't tell you where it's gone...(more) BostonKayakGuy...John Prescott's The MetWest Scene
 
JOHN PRESCOTT
-BostonKayakGuy
 
 
Top Real Estate Agent for more than 14 years, serving the real estate needs of  Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities.  www.johnprescott.net
JOHN PRESCOTT
Vice President
Century 21 Commonwealth
508-523-9252
 
BostonKayakGuy…The MetWest Scene … (0 comments)

bailout: The Man In The Mirror..Anderson Cooper's Top Culprits of Collapse # 1..John Prescott's The MetWest Scene - 10/29/08 04:34 PM
I’m Looking At The Man in the Mirror..Anderson Cooper’s Top Culprits of Collapse..And He’s Naming Names..#1 Culprit..
Posted on October 30, 2008 by bostonkayakguy 

Naming Names:  Anderson Cooper’s Top Culprits of the Collapse unveiled the most important culprit according to this CNN report and that culprit is someone you have the utmost respect for:...yourself! That’s right…you, me, and joe the plumber… CNN and Anderson Cooper 360 have named “we the people” as one of the Top Culprits of the Collapse… Culprits of the Collapse - #1 You
“So who is to blame for this financial fiasco? That’s the question we’ve … (0 comments)

bailout: Barney Frank...Affordable Housing Sugar Daddy..John Prescott's The MetWest Scene - 10/28/08 08:30 AM
Barney Frank Called “Affordable Housing Sugar Daddy”
Posted on October 28, 2008 by bostonkayakguy 
Image by Getty Images via Daylife
The fat lady hasn’t sung…in fact she hasn’t even begun her vocal warm-ups, according to a report on WickedLocal.com, regarding the debate held at Wellesley College for the 4th congressional seat presently held by Barney Frank.
Contenders Earl Sholley and Susan Allen squared off against Frank, saying he needed to go because of his role in the mortgage crisis,  With Sholley calling him the “affordable housing sugar daddy,” the debate was off and running.
Frank strongly volleyed the tag team … (0 comments)

bailout: Naming Names..Anderson Cooper’s Number 9 Culprit..John Prescott’s The Met West Scene - 10/10/08 06:32 AM
Exposing the Culprits:  #9 Richard Kuld, Lehman Bros. Naming Names..Anderson Cooper’s Number 9 Culprit..John Prescott’s The Met West Scene
Posted on October 10, 2008 by bostonkayakguy
Image via Wikipedia
Last night we announced that Anderson Cooper is Naming Names…Exposing the Culprits of the financial meltdown we find ourselves in.
CNN and Anderson Cooper are exposing the top 10 architects of the market malestrom, starting with number 10, Lehman Brothers Richard Fuld:
Anderson Cooper Naming Names:
9.  Richard Fuld
JOHN PRESCOTT
-BostonKayakGuy
 
 
Top Real Estate Agent for more than 14 years, serving the real estate needs of  Wellesley, South Natick, … (0 comments)

bailout: Naming Names…Anderson Cooper Exposes Culprits of the Collapse...John Prescott's The MetWest Scene - 10/10/08 03:34 AM


Posted on October 10, 2008 by bostonkayakguy 

Who is to blame for this monumental financial meltdown that is sucking the lifebood out of the taxpayers?
While the politicians have said now is not the time to point fingers, many of us believe that now is EXACTLY the time to hold the culprits responsible.
With a few exceptions, the perpetrators have been referred to as predatory lenders, CEO’s, liberal lending policies (which is a thing not a person, but politicians are at the root of this category,) manipulative traders, and lying mortgage applicants.
While we will weather this … (0 comments)

bailout: Bailout Barney Defends Role in Financial Implosion...John Prescott's The MetWest Scene - 10/07/08 05:40 AM
Posted on October 7, 2008 by bostonkayakguy 
Image via Wikipedia
“Responding to charges that he bears some responsibility for the crisis in the mortgage industry, Rep. Barney Frank, D-Newton, said that as a minority congressman for many years he did not have the power to implement regulations sooner.” -Barney Frank, 10/06 /08 WickedLocal.com
 
Barney, come on!
You’ve been a member of Congress since 1981!  And now you would have us believe that the congressman from Massachusetts is just a shy, retiring representative who was  not able to exert any power or influence until he became chairman of the Financial … (1 comments)

bailout: Barney Frank: No Power??...John Prescott's The MetWest Scene - 10/07/08 05:08 AM
Barney Frank: Just Askin'?…John Prescott’s The MetWest Scene Posted on October 7, 2008 by bostonkayakguy 
Image via Wikipedia
“Responding to charges that he bears some responsibility for the crisis in the mortgage industry, Rep. Barney Frank, D-Newton, said that as a minority congressman for many years he did not have the power to implement regulations sooner.” -Barney Frank, 10/06 /08 WickedLocal.com
Barney, come on!
You’ve been a member of Congress since 1981!  And now you would have us believe that the congressman from Massachusetts is just a shy, retiring representative who was  not able to exert any power or influence until … (0 comments)

bailout: Bailout: Bewitched, Bothered, and Bewildered…John Prescott’s The MetWest Scene - 10/07/08 12:38 AM
BostonKayakGuy…John Prescott’s The MetWest Scene
Posted on October 7, 2008 by bostonkayakguy 
Image by Getty Images via Daylife
“Those who cannot remember the past are condemned to repeat it.” - George Santayana, Boston Latin and Harvard alumnus
As we all try to slog our way through the roller coaster of credit crunches, fiscal flippery, and bailout bruises, I happened upon Peter Coy’s reminder of our need to understand what and how we got here, before we can adequately determine the best way to work our way out of it; a sentiment I wholeheartedly support and have repeatedly raised in … (1 comments)

bailout: Into the Panic Zone or Blessedly Misleading?? John Prescott's The MetWest Scene - 10/06/08 09:49 AM

Posted on October 6, 2008 by bostonkayakguy 
House Financial Services Committee
via Wikipedia
Just the tip of today’s prognostications!…
But be assured that Barney Frank announced today that the bailout was aimed basically at Joe Sixpack - the auto salespeople, construction workers, people in small businesses - not the banks; he said they were going to do “just fine.”
The bailout was to take the burden off the “average citizen,” and not aimed at helping out the wealthy “Wall St.” types.
The House Financial Services Chairman did NOT offer “proof” of how the average citizen would benefit, nor did … (1 comments)

bailout: Calling All Taxpayers! Barney Frank's Taking Your Questions...John Prescott's The MetWest Scene - 10/05/08 03:27 PM
 
Posted on October 6, 2008 by bostonkayakguy  

 
Image by Getty Images via Daylife
 
Calling all taxpayers!
 
Barney Frank, the congressman with the faulty memory of late, has called a press conference for Oct.6, Monday at 10:30 am at Newton City Hall to discuss the federal bailout, (and perhaps why he’ll be bailing on future Bill O’Reilly appearances!)
 
 
 
[youtube=http://www.youtube.com/watch?v=RAuOEdttjZQ&color1=0xb1b1b1&color2=0xcfcfcf&fs=1]
 
 
 
 
 

 
Bill O’Reillly vs. Barney Frank/US News
 
JOHN PRESCOTT
 
-BostonKayakGuy
 

 
 
 

 
 
 
Top Real Estate Agent for more than … (6 comments)

bailout: Calling All Taxpayers! Barney Frank's Taking Your Questions...John Prescott's The MetWest Scene - 10/05/08 02:10 PM
 
Posted on October 6, 2008 by bostonkayakguy  

 
Image by Getty Images via Daylife
 
Calling all taxpayers!
 
Barney Frank, the congressman with the faulty memory of late, has called a press conference for Oct.6, Monday at 10:30 am at Newton City Hall to discuss the federal bailout, (and perhaps why he’ll be bailing on future Bill O’Reilly appearances!)
 
 
 
[youtube=http://www.youtube.com/watch?v=RAuOEdttjZQ&color1=0xb1b1b1&color2=0xcfcfcf&fs=1]
 
 
 
 
 

 
Bill O’Reillly vs. Barney Frank/US News
 
JOHN PRESCOTT
 
-BostonKayakGuy
 

 
 
 

 
 
 
Top Real Estate Agent for more than … (0 comments)

bailout: Calling All Taxpayers! Barney Frank's Taking Your Questions...John Prescott's The MetWest Scene - 10/05/08 02:01 PM
Posted on October 6, 2008 by bostonkayakguy 
Image by Getty Images via Daylife
Calling all taxpayers!
Barney Frank, the congressman with the faulty memory of late, has called a press conference for Oct.6, Monday at 10:30 am at Newton City Hall to discuss the federal bailout, (and perhaps why he’ll be bailing on future Bill O’Reilly appearances!)
 
[youtube=http://www.youtube.com/watch?v=RAuOEdttjZQ&color1=0xb1b1b1&color2=0xcfcfcf&fs=1]
 
 

Bill O’Reillly vs. Barney Frank/US News
JOHN PRESCOTT
-BostonKayakGuy

 

 
Top Real Estate Agent for more than 14 years, serving the real estate needs of  Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest … (0 comments)

bailout: Bailout Hits Sweetspot For Rum, Wooden Arrows, and Bicycles...John Prescott's The MetWest Scene - 10/03/08 02:29 AM
Posted on October 3, 2008 by bostonkayakguy 
 
In my last post, I posed the questions: “What exactly is the bailout, in fact bailing out?  And Whom is the bail out, bailing out?”
The Taxpayers for Common Sense site has listed some of the Tax Sweeteners that are included in this
2008 Emergency Stabilization Act, and while not all of them are “per se outrageous, collectively they are intended to get this bailout passed:”
Bailing Out: Red and yellow arrows Sent from BlueOrganizer Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children Sec. 317. … (3 comments)

bailout: Fleeced!! Fool Us Once, Fool Us Twice??? John Prescott's The MetWest Scene - 10/02/08 10:26 AM
Posted on October 2, 2008 by bostonkayakguy 
Alan Greenspan via Wikipedia
The bailout..what is it exactly bailing out?  Or perhaps more importantly, WHO is it bailing out?
Well to get to these answers, which of course you won’t find coming out of any of the mainline media, you have to look back.  In fact, if you go back to 1999 the time was the Clinton administration and the place was a conference on mortgage markets for America’s Community Bankers.
Speaking at the conference was chairman of the Federal Reserve Alan Greenspan:
 
“The recent rise in the homeownership rate to … (1 comments)

bailout: Washington Smackdown: Is the Wolf Guarding the Coop?? - 10/02/08 10:16 AM
Posted on October 2, 2008 by bostonkayakguy 
Alan Greenspan via Wikipedia
The bailout..what is it exactly bailing out?  Or perhaps more importantly, WHO is it bailing out?
Well to get to these answers, which of course you won’t find coming out of any of the mainline media, you have to look back.  In fact, if you go back to 1999 the time was the Clinton administration and the place was a conference on mortgage markets for America’s Community Bankers.
Speaking at the conference was chairman of the Federal Reserve Alan Greenspan:
 
“The recent rise in the homeownership rate to … (0 comments)

bailout: BAILOUT HAS FAILED... - 09/29/08 06:13 AM
Members of Congress have balked at "legacy vote."
 
Bailout has now failed and is off the table.
 
Not enough time has been available to build the political case for the bailout bill.
 
Bill contained no real caps on CEO parachutes.
 
At one point there was a 700 point drop in the stock market.
 
Small companies are likely to be among the first to feel the impact of the rejection of the bailout bill.
 
Where do we go from here?
 
Barney Frank is reportedly saying renegotiations will not continue until there's a chance to review … (2 comments)

bailout: Freddie Mac Gets A Subpoena and Barney Frank Gets A Reality Check - 09/29/08 03:32 AM
Posted on September 29, 2008 by bostonkayakguy  bostonkayakguy.wordpress.com — As the financial markets continue to shake, rattle, and roll, Freddie Mac woke up to a subpoena and Barney Frank sipped his morning coffee while reading an op-ed reality check from the Boston Globe...

Image via Wikipedia
Grand jury subpoenas Freddie Mac While the financial chaos on Wall St. continues to shake, rattle, and roll, the Freddie Mac fallout has included the recent resignations of 7 board members as well as the ousting of the chief financial officer.
And while there’s been plenty of fingerpointing, Boston Globe columnist Jeff Jacoby contends … (3 comments)

 
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