By the following morning, it was clear how McCain’s plan was different: it was principally a no-strings-attached present to banks that had made bad mortgage loans, and only secondarily a mortgage -relief program. … Continue here: The McCain Mortgage Plan: Yet Another Reason McCain Is Not …
Continue reading...Friday, October 10, 2008
That doesn’t mean you don’t help families struggling to pay their mortgages . But you’ve got to be more careful than the crude “buy up all the bad mortgages ” approach McCain is advocating. You’ve got to have fairly rigorous criteria for … More here: Another Problem With McCain's Mortgage Plan Share and [...]
Continue reading...Friday, October 10, 2008
Copyright © 2008 Phoenix Real Estate | Phoenix Homes for Sale | All Phoenix Real Estate. Contact Jonathan at 602-502-9693. This Feed is for personal non-commercial use only. If you are not reading this material in your news aggregator, … Continue here: Wall Street Journal on Financial Panics Past Share and Enjoy:
Continue reading...Friday, October 10, 2008
There is a great newspaper endorsement for Barack Obama from the Storm Lake Times: Obama for president Enough is enough. The Source: Friday’s Points Share and Enjoy:
Continue reading...Friday, October 10, 2008
On Wednesday, he pitched his new $300 billion plan for the government to buy distressed mortgages from banks without making them take a discount on the sale. The loans would be reduced, at taxpayer expense, so borrowers could afford to … Read the rest of the post here: McCain’s $300 Billion Mortgage Plan Draws [...]
Continue reading...Friday, October 10, 2008
John McCain said his “Homeownership Resurgence Plan” to allow the federal government to buy up bad debt from banks and allow people to refinance mortgages they can no longer pay, may require $300 billion in “new money.” … More here: Is McCain’s Mortgage Plan Even Legal?
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McCain is selling his plan as a bold and fresh move: The government buys bad mortgages and renegotiates them on lower terms, so people can stay in their houses. But the reviews from economists haven’t been good. The plan, they say, … More here: McCain’s Mortgage Giveaway
Continue reading...Thursday, October 9, 2008
In the real estate market, lending standards have tightened.?? Fewer people are able to purchase homes than could purchase them just two or three years ago.?? The money needed for a down payment has increased from 0. … More here: Can you Win in this Real Estate Market?
Continue reading...Thursday, October 9, 2008
Bits and Peace. October 9th, 2008 I feel very “in limbo” right now for some reason - and it’s been making me anxious. Life has been filled with so many happy moments, but with Tom working in DC - and us in Oklahoma… I don’t know - I guess I would [...]
Continue reading...Thursday, October 9, 2008
One reason for the growing popularity of Financial Armageddon — ranked 17th overall among business and economic websites by Gongol.com in its latest monthly EconDirectory rankings — is that my realistic, straight-shooting message about the problems we face seems to resonate with people, especially those seeking unvarnished alternatives to the overly advertiser-influenced mainstream media. In addition, [...]
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Friday, October 10, 2008
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