Commentary by Charles Feldman | August 5, 2009
Okay. I have waited long enough. I have sat back and watched as all those so-called “experts” came up with all sorts of schemes to save banks, car companies, brokerage houses, their own asses, space ships (maybe not space ships…but, hell, why not?) and democracy. It is about time I stepped in with my own schemes (I mean plans) to fix what is wrong with the entire housing/real estate market. I know this is bold of me, but someone has to do the dirty work and I figure it might as well be me!
Of course, I am not above stealing (I mean adopting) the programs of others for my own purposes. Does this make me a bad person? I think not! It may make me a politician, but not a bad person.
Cash for Stinkers
First, then—-we have cash for clunkers…why not cash for stinkers? All those homes on the verge of foreclosure
Read the full article → Commentary by Brendan O'Brien | February 21, 2009Have you heard of Scott Mintz? The LA chiropractor bought four houses, leveraging heavily in the expectation that real estate values would rise forever. Shockingly, they didn’t. Now, every one of his houses is underwater. Mintz not only wants his loans refinanced, he’d like the lenders to reduce his loan principal to reflect their current [...]
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A Great Way To Start The Year
by Richard Warren | January 11, 2010So here we are in a new year – 2010. Just two days in I managed to accomplish something that I hadn’t done in many years – I got sick! I’m not talking about not feeling great and dragging yourself through a day while you feel miserable. I’m talking in the bed unable to do [...]