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FDIC head, Sheila Bair, talks about financial reform

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Services for Real Estate Pros with FHA Loan, VA Loan, Jumbo Loan,FHA Loans,VA Loans,Jumbo Loans
FDIC head, Sheila Bair, talks about financial reform and her belief that we are much more stable currently, the challenges in balancing lending standards (too loose vs too strict), and other thoughts about financial reform.

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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

The biggest problems are that we do not let the big banks fail.

Oct 07, 2010 07:40 PM
Robert T. Boyer
FHA Loan, VA Loan, Jumbo Loan,FHA Loans,VA Loans,Jumbo Loans - La Jolla, CA
San Diego Real Estate & Mortgage Loans, Ph.D. | VA Home Loan

I would have loved to have agreed with your statement, but from what I have learned in the past year, we truly would have had a massive financial ruin as a country if that had been allowed.

So then the real problem is that we have allowed the existence of "too big to be allowed to fail" institutions.  Admittedly they are not monopolies, but they seem to violate the essential idea of the anti-trust laws.

Oct 07, 2010 08:14 PM
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Robert T. Boyer

San Diego Real Estate & Mortgage Loans, Ph.D. | VA Home Loan
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The San Diego Real Estate Housing Market tends to lead the nation's real estate activities. This blog looks at current activity and trend data, including sales rates, months of inventory, median home price, unemployment, inflation, etc., with an intent to provide timely predictions for our market. Because such a large part of the current market is make up of San Diego Foreclosures and REOs we will also look deeply at how they affect the current environment. Additionally, specific market segments are monitored, such as La Jolla Real Estate, Del Mar Real Estate, Rancho Santa Fe Real Estate, and Carmel Valley Real Estate

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