bailout

Geither to Announce Bailout Plan Monday – Will Credit Start Flowing Again Soon?

by Joshua Dorkin | February 6, 2009

According to the AP, Treasury Secretary Timothy Geithner is set to give a major speech on Monday to outline the $700 billion rescue plan. As a part of any bailout package we’ll see, the government will certainly make some major moves in the real estate and banking space. Meanwhile, real estate lobbyists were pressing the [...]

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Cool Stuff

The Bailout Rap . . . Brilliant!

by Joshua Dorkin | February 3, 2009

If you haven’t seen this yet, you’ve got to check it out! Its a “rapumentary addressing the wall street bailout,” written and performed by 47 year old stockbroker Gregg Somerville. Thoughts?

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Commentary

Housing Prices, Consumer Mood and The Hope Of A Real Estate Turnaround In The Age Of Obama

by Charles Feldman | January 28, 2009

Now what? That’s a pretty fair question to ask as the economic news gets darker with each passing day despite all efforts,thus far, from our government. As a Reuters story says today, “consumer confidence plumbed historic lows in January and home prices fell at a record pace in November…” Of course, a big reason remains [...]

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Commentary

Governments Around the World Explore ‘Creeping Nationalization’

by Joshua Dorkin | January 19, 2009

What is happening to free-markets? What is happening to private industry? Will every industry be nationalized? After Britain announced a second bank bailout today thanks to RBS (Royal Bank of Scotland) among other things; “RBS said its losses for the full year could be as much as 28 billion pounds ($41.3 billion), which would be [...]

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Commentary

Shame on Barney Frank – Democrats No Help To Foreclosure Victims Either

by Rob K. Blake | January 10, 2009

I have written here on BiggerPockets extensively on the complete lopsidedness of the banking bailout and how the preference was given early on to helping Wall Street fat-cats over Main Street foreclosure victims. The bailout bill created the Trouble Asset Relief Program (TARP), funded it with $750 Billion of which about $350 Billion still remain [...]

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Real Estate

How Speculators (Investors?) Dominate Real Estate Sales, and May be Blamed for Further Crashes

by Joshua Dorkin | January 7, 2009

According to to Bloomberg: As the U.S. housing recession enters its fourth year, there’s no sign of a recovery because speculators account for most of the rise in sales. While the purchases are trimming the inventory of unsold properties, most of those bought by speculators will likely return to the market when prices rise again, [...]

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Foreclosures

New Data: Housing Crisis Gets Worse; Many Modified Mortgages Still Delinquent!

by Charles Feldman | December 23, 2008

Housing Bailout Programs Flop! What programs there are–and there aren’t many–to bail out homeowners who are facing foreclosure are turning out to be total flops according to some new data reported by Reuters News Service. Apparently, “the rate of re-default on modified mortgages is rising and may worsen as the economy deteriorates,” Reuters quotes banking [...]

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Commentary

The BiggerPockets Real Estate Show (sort of): Episode 2

by Joshua Dorkin | December 21, 2008

Exploring a Future Foreclosure Bailout and the Bernard Madoff Ponzi Scheme The second episode of the BiggerPockets.com Real Estate Show features the show’s hosts, Joshua Dorkin (founder of BiggerPockets and yours truly) and Charles Feldman (journalist extraordinaire) covering such topics as a possible future housing bailout, coping with the current housing crisis, Bernard Madoff’s $50 [...]

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Commentary

President Bush Orders Auto Maker Bailout…As Predicted Here!

by Rob K. Blake | December 20, 2008

As I predicted last week here on the BiggerPockets Blog, the President told the press this afternoon he ordered the Treasury to bailout the automakers. In my post entitled, Can Hank Paulson Use TARP Funds To Bail Out Auto-Makers?, I foretold this action a week in advance. Surprisingly I received a few comments chiding me [...]

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Commentary

It Ain’t Over Till It’s Over

by Tom Koziol | December 19, 2008

If you saw the Dec 14, 2008, 60 Minutes broadcast featuring a segment titled, “A Second Mortgage Disaster On The Horizon?” you’d probably be scratching your head asking yourself when this meltdown will end. The segment had Scott Pelley interviewing Whitney Tilson an investment fund manager who is supposedly the new guru on the mortgage [...]

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Commentary

Santa Plunges In Real Estate Debacle; Bailout for Claus? No Way Says Congress

by Charles Feldman | December 16, 2008

Santa Near Starvation! A Christmas Story Last week, we reported on the shocking news that Santa Claus was facing foreclosure and would be forced from his North Pole residence for points unknown unless he secured a government bailout package that would keep him going till at least next Christmas. We regret to inform you that [...]

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Commentary

Can Hank Paulson Use TARP Funds To Bail Out Auto-Makers?

by Rob K. Blake | December 13, 2008

So just in case you’ve been living in a cave this week, Congress is struggling to figure out how to bailout the big three automakers. The House passed a bill which died in the Senate late Thursday night. The reports of the bill’s demise reached the White House where it was rumored the Treasury Secretary [...]

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Commentary

The Latest Dynamic Duo Disaster In The Making

by Rob K. Blake | December 6, 2008

I call the Bernanke – Paulson twosome the Dynamic Duo because what they devise to solve our financial crisis is no more ridiculous than the far-fetched ways Batman and Robin used to escape sure death in the campy TV show. Unlike the TV show, I’ve stopped rooting for this financially bungling Dynamic Duo to succeed. [...]

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Commentary

How To Get Billions–Yes, Billions–To Head Off Foreclosure & Buy That Flat Screen Deluxe Home Entertainment System, Too

by Charles Feldman | December 3, 2008

I have discovered the only sure fire way to avoid a foreclosure. If you do this, you will keep your house, never have to worry about another payment and—here’s the best part–have tons of money left over to play with—maybe take a trip or buy that new car or have that nose job you’ve been [...]

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Real Estate

The $7,800,000,000,000.00 Bailout! That’s $7.8 Trillion So Far, Folks!

by Anwell Tsai | November 27, 2008

The U.S. government plans to lend an addition $800 Billion to help ease the current economic crisis. According to Edmund Andrews of the New York Times, the government has already pledged close to $7.8 trillion dollars in financial obligations this past year alone. The additional $600 billion allocated to purchases of debt for Fannie and [...]

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