Scouring trusted sources for the truth to make sense out of current events to plan my day, and business. That’s followed by posting to and reading posts on Facebook.
Sadly local governments manage, on regular basis, to give the federal government some real competition in terms of just plain dumb.
One head of a mortgage department says the same amount of time is invested to process four applications as it did to process ten before the Leviathan was unleashed on banks.
Obama's latest homeowner mortgage relief plan is perfect for him: It both is consistent with his ideology -- duh -- and allows him to buy more votes with someone else's money, all the while pretending there is in fact such a thing as a free lunch.
Americans have come to loath the idea that some business enterprises are so important and so “big,” that they can’t be allowed to fail - especially as it regards large corporations that “need” government bailouts.
There was our President stating once again that he had a plan to fix the housing crisis that is stalling our economy and harming his reelection chances. When he was done making his proposal, it occurred to me that after 35 years of my working in the real estate market this man really had no more idea of how to resolve the problem than the average homeowner.
The phrase “jobs Americans won’t do” all too often serves as a rationale for maintaining high levels of immigration. Get set for an equally dubious idea to justify mass immigration: “housing Americans can’t buy.” Senators Charles Schumer, D-N.Y., and Mike Lee, R-Utah, among others, are believers. And they’re offering a sweet deal.
As the saying goes, “Sometimes the remedy is worse than the disease,” and this could not be truer than with this administration’s intervention into companies afflicted with the economic cancer spreading around the globe. Many of these companies were deemed “too big to fail,” and without our help, we were told the economy would implode. Are we better off considering the sputtering economy, high unemployment, rising poverty, and a worsening mortgage crisis? Is this remedy worth the economic misery? I, for one, think not.
If we don’t want to bring that demand back, then fine, just stop complaining about a weak housing market.
Using the Fed balance sheet to absorb the losses that should have been borne by creditors and shareholders is not conducting monetary policy. It's a bailout.