Posts Tagged ‘bailout’
When the uber rich mortgage bankers make bad loans why should innocent taxpayers pay for the deceit and greed?
Mortgage Bankers of America started this with adjustable rate mortgages. Another ponzi scheme where the small time suckers get left holding the bag. It started around 1984. This collosal bailout will only delay the inevitable. Obama has more links with this than does McCain. Beware. Dallas school district announced emergency situation today. [...]
What happened to FDIC that kids called Feds Dig In Cash? Was the money lost, strayed or stolen outright?
FDIC weighs extraordinary steps, including loans from banks, to shore up insurance fund * By Daniel Wagner, APey Business Writer * On Tuesday September 22, 2009, 5:09 pm EDT WASHINGTON (AP) -- The Federal Deposit Insurance Corp. is weighing several costly -- and never-before-used -- options as it struggles to shore up the dwindling [...]
Was there anything in Obamas State of The Union speech that really got you excited?
Yes another long question from me ... Obama just finished his first State of the Union Address. I felt it was bland, unemotional (even though he told countless American stories that allegedly caused him to stay awake at night), and it seemed disingenuous and hollow. Of course his promises of creating jobs and making jobs the number [...]
So does Ron Paul call like it is?
regarding the end of the recession that the government says is happening: 'Be Prepared for the Worst' Ron Paul, 10.29.09, The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all [...]
To all the Business Owners out there: Do you run on Credit?
I own my own business. In the last few days I have talked to or chatted with DOZENS of business owners, directly, or thru various social networks I belong to. The consensus is NOT ONE OF US PAYS CURRENT OBLIGATIONS, EXCEPT THRU CURRENT REVENUE. Nearly all of us have lines of credit, which HAVE NOT BEEN REDUCED OR TAKEN AWAY, and which we only [...]
Is”$50 billion in low-cost loans from the government to develop fuel-efficient cars” a Good Idea?
"BIG 3 AUTOMAKERS Some worried the (Fannie and Freddie) bailout would set a precedent that could be exploited by other ailing companies such as Detroit's Big Three automakers, which want billion in low-cost loans from the government to develop fuel-efficient cars. "Here our government is stepping in to bail out privately held [...]
Deje Vu? Reagan 1981 &the Collapse of Saving Institutions & Bush 2008 and Mortgage Banks Does History Repeat?
Reagan came to office in 1981 and soon after he presided over the dramatic deregulation of the nation’s savings and loan industry allowing S&Ls to end their reliance on home mortgages and engage in an orgy of commercial real estate speculation. The result was widespread corruption, mismanagement and the collapse of hundreds of thrift [...]
Is the bailout partially responsible for destroying my industry?
According to the nations largest commercial real estate firm, Marcus and Millichap, lenders are not liquidating distressed properties. Instead they are holding them and collecting the income until the market changes by paying management companies to run and improve the cash flow of the foreclosed businesses, shopping centers, apartments, [...]
Shouldn’t the U.S. govt. focus on meeting PAST financial obligations before they create TRILLIONS more?
Seems like people would be extremely concerned about a bankrupt govt. who can't cover money they've already insured spending trillions more. I understand FDIC could borrow money to cover any shorfalls (like the post office and a number of other debt creating federal agencies) but how long can this possibly [...]
how can congress do this?
With Goldman Sachs and Morgan Stanley becoming commercial banks, and the other three big investment banks/brokerage houses being acquired by commercial banks, politicians and the press won't have Wall Street to kick around anymore. Headlines now shout about a 0 billion "Bailout for Wall Street." Yet strictly speaking, Wall Street as we [...]
Are we slowly learning the REAL reason the banks got bailed out?? (FDIC insolvency)?
FDIC is going to BORROW money in order to insure accounts. Well if the people that INSURE THE BANK ACCOUNTS don't have any money, isn't the whole system on the verge of collapse?? And in retrospect, isn't the REAL reason the banks got bailed out because FDIC would have taken down the federal govt. with the TRILLIONS it is currently insuring?? [...]
