banking

Bankers Invited to the Wood Shed by Obama; How to Find Lenders willing to Lend?

by Peter Giardini | December 16, 2009

It has been all over the news how President Obama invited the big bankers to the White House this week to encourage them to do their part to stimulate job creation and economic growth by lending more to business; small business in particular. In essence, these bankers got invited to the “wood shed.” The million [...]

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Financing Real Estate

Have the Credit Markets Dried Up Completely? That Depends Upon Where You Are Looking!

by Peter Giardini | November 25, 2009

Back in October of this year a BiggerPockets regular, Rich Weese, posted a web site that provided a graded scale of the overall health of every bank in the nation. While his post did not get a lot of response, the Bank Tracker Web site must be visited by everyone who is currently or hopes [...]

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Commentary

True Bank Nationalization Is Coming; Citi and BofA Probably First Up; Nationalization Means Salvation For The Real Estate Market!

by Charles Feldman | February 20, 2009

Let’s talk bank nationalization, folks. Why? because I think there is a pretty good chance it is coming soon–especially when talking about Citi and Bank of America–and, more important, THAT might have the biggest impact yet on solving (or helping to solve) the ever growing mortgage crisis that is still feeding the global credit meltdown. [...]

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Commentary

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government. Oh my God! The sky [...]

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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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Commentary

Bank Takeover Artists Benefit From TARP Loophole

by Rob K. Blake | October 18, 2008

As we discussed last week, the banking bailout bill is helping mega-bank takeover artists like Wells Fargo, Bank of American and others. As I predicted last week, the Paulson plan to give these predatory banks a direct cash injection to continue their bargain hunting, this week went into full overdrive without a word of dissent [...]

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Commentary

We Buy Banks; Markets Rejoice; Where’s The Rescue Plan For Homeowners?

by Charles Feldman | October 15, 2008

Great. Taxpayers now own banks, investment houses, probably an auto company or two before long, and the British have shown that, despite having lost their empire, they still know a thing or two about handling a financial crisis that the U.S. and others can take lessons from… But does this mean that people who were [...]

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Commentary

What Is The Real Reason For The $700 Billion Bailout?

by Rob K. Blake | October 11, 2008

I promised you last week after outlining my belief the “frozen credit markets” was a contrivance by Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson, I’d spill the beans on why the dynamic duo wanted to lay their hands on $700 Billion since it wasn’t needed to thaw out anything. So here goes..and I [...]

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Commentary

They saw it coming…

by Rob Powell | October 6, 2008

Greetings from the metropolis of Cedar Crest, NM. My ten year old son, Colt, loves football. Colt’s football season came to an end this past weekend and he was devastated. In an effort to pick up his spirits, I promised him that we would practice basketball this coming Monday. My words of basketball did not [...]

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Economy

700 Billion: Can we handle the truth?

by Rob Powell | September 29, 2008

Greetings from the metropolis of Cedar Crest, NM. Where my weekends are filled with youth football, soccer…and then some. As I yell at my boys from the sidelines to hustle and tackle and kick….the number 700 billion creeps into the forefront of my mind. What in the heck is 700 billion? What can one say [...]

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Commentary

A Bad Bank: I Laughed All The Way Home

by Jim Watkins | September 27, 2008

This article is a stretch when it comes to being about real estate but, what happened to me yesterday at the bank was so dumb that it all makes sense. I had hired three day laborers to help me with a small house project I have been working on and as I was driving them [...]

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Commentary

Theories on Liquidity

by Tom Koziol | September 22, 2008

Trust, value, respect for one another, confidence, a person’s word plus a laundry list of other descriptives comprise not only our social fabric but our national financial landscape. If it were otherwise, we’d all need to walk around with pistols strapped to our leg. That is my segué into a nasty trick Wall St pulled [...]

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Economy

Government To Steal $15,000 From Every American Household To Bailout Big Banks and Lenders

by Charles Feldman | September 21, 2008

NOTE: Image below is $15,000 Cash . . . pretty nice, huh? If someone came into your home and held you at gunpoint and forced you to fork over $15 thousand dollars in cash (provided, of course, you kept such a large amount at home), you’d call the cops as soon as you could, wouldn’t [...]

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Economy

FEDS BAIL OUT FANNIE AND FREDDIE; EMERGENCY MEASURES TAKEN

by Charles Feldman | July 13, 2008

In a clear sign the federal government is far more concerned about the financial health of mortgage finance giants Fannie Mae and Freddie Mac than its public comments indicated as late as Friday, the U.S. government Sunday night announced what some are calling a “massive aid” package to the two shareholder owned and run companies [...]

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