Ok here we are on another Monday Morning with Thousands of foreclosures going on daily coast to coast and we are bailing out another one of the big banks with cash and insurance way beyond the bailout provisions layed out in the … [Read more...]
Henry Paulson Jr it’s time to go you obviously haven’t a clue
April 2007 U.S. Treasury Secretary Henry Paulson said...the housing market correction appears to be at or near its bottom and that troubles in the subprime mortgage market will not likely spread throughout the economy. "We've clearly had a … [Read more...]
Bail Out? Why you ask I say yes and here’s why
What happens when your homes value falls to pre 1980 levels how many owe more then $45,000 on their primary residence what will you say to the bank then? What happens when the unemployment system runs out of money will you the worker … [Read more...]
Frank, Pelosi, and the DC team should hire some new economics advisors, pronto
Around the world, global leaders are huddling to determine the best steps to get out of the financial crisis. It's bad. If the Dow doesn't come back by December 31st, this year will mark its worst yearly slump since 1937. Millions of people … [Read more...]
Is Lending Really That Tight?
The question we should be asking is, is our medias learning? Today brought a whole new perspective from the front lines of lending. At my weekly business networking meeting, I talked to a friend who is in the mortgage business. "Is it true … [Read more...]
It’s Not a Fiscal Crisis – It’s a Constitutional One
He also argues that giving Paulson this unprecedented dictatorial power over money and finance is a constitutional crisis in and of itself. It is a long post, but well worth the total read. You will feel like you have a bigger grasp of what … [Read more...]
A Modest Proposal
I have been reading the Department of the Treasury's Blueprint for a Modernized Financial Regulatory Structure. Much of it is sensible, and the focus on rationalizing the current hodgepodge of regulation and granting the Fed increased … [Read more...]