Nov - 11th
No free lunch
Posted at 12:41 pm | Filed Under Politics, Bailout News, The Economy
As I’ve said before, there is a price to pay for all these bailouts. This from CNBC:
US May Lose Its ‘AAA’ Rating
The United States may be on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
“The U.S. […]
Nov - 10th
Why Paulson’s Plan Won’t Work
Posted at 7:11 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
Nov - 10th
U.S. Response to the Financial Crisis
Posted at 7:09 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
Nov - 4th
No “Hope for Homeowners” so far
Posted at 4:15 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
More signs that all these bailout plans our government is implementing are not working. The San Francisco Chronicle reports the following:
The $300 billion “Hope for Homeowners” program was begun Oct. 1. Designed by lawmakers eager to respond to the mortgage crisis, the Congressional Budget Office had projected it would let 400,000 troubled homeowners swap […]
Nov - 2nd
More bailouts? GM? Chrysler? How about Credit Card Debt?
Posted at 1:06 pm | Filed Under Politics, Bailout News, The Economy
The stupidity of the our government never fails to amaze me. Now, we’re hearing that some groups our pushing for a bailout of irresponsible people to own thousands of dollars in credit card debt.
CNNMoney reported the following:
Groups seek credit-card debt forgiveness
WASHINGTON (AP) — An alliance of financial industry interests and consumer advocates on Wednesday asked […]
Nov - 2nd
Email the Treasury Department and tell them to stop the bailouts
Posted at 12:56 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
Watching the Marcitz is promoting an effort to email the Treasury Department and tell them to stop the bailout of irresponsible people. Let’s support this effort.
Are you financially responsible and upset that your money is going to BRIBE people to stay in their homes EVEN THOUGH they can make the payments? Well if you are […]
Oct - 28th
S&P/Case-Shiller: home prices in August are down 16.6% for the whole country - Down 28% in Los Angeles Metro area
Posted at 9:32 am | Filed Under Bailout News, California Housing Crash, Florida Housing Crash, Real Estate
The Standard & Poor’s/Case-Shiller 20-city housing index was released today showing and it shows declines of 16.6%. Las Vegas is down 30.6% and Los Angeles is down 28.1%. All I can say is: Ouch!!!
Obviously, states like California, Florida, Arizona, and Nevada are suffering the most.
This is how the media reported the news:
USA Today:
NEW YORK (AP) […]
Oct - 25th
The Housing Bubble Book
Posted at 3:38 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Oct - 23rd
Foreclosure filings up 71% in Q3
Posted at 10:26 am | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
This from USA Today:
WASHINGTON (AP) — The number of homeowners ensnared in the foreclosure crisis grew by more than 70% in the third quarter of this year compared with the same period in 2007, according to data released Thursday.
Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71% from […]
Oct - 22nd
Say “hello” to the 2008-2011 recession
Posted at 4:08 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
More signs that the economy is already in a recession and that the worst is yet to come. The Dow dropped more than 500 points today showing that investors are nervous about the economy. CNBC reports:
If you think the economy looks bad now, imagine this:
* An unemployment rate above 10 percent for almost a year.
* […]
