Posts tagged as:

banks

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.
To a [...]

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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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Cool Stuff

New Foreclosure Technique for 2009?

by Joshua Dorkin | January 23, 2009

Will the banks take up this new technique in dealing with foreclosed homes?

Photo by: Colin McMillen

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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 the biggest loss [...]

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Commentary

Massive New Bailout For Real Estate—Or Is It Really For Banks?

by Charles Feldman | November 26, 2008

It is actually getting hard keeping track of just how much money the government’s various bailout initiatives add up to. An Associated Press report says “total bailout commitments, loans and pledges of backing neared a staggering $7 trillion.”
Of course, much of this is “money” that may never get spent, or will be returned to [...]

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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 [...]

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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 on [...]

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Commentary

Global Economy Melts & Takes Focus Away From Foreclosure Debacle

by Charles Feldman | October 8, 2008

It’s soooooo old news, isn’t it? I mean, all that stuff about people not being able to pay their mortgages and the rising population of those facing foreclosure, is so old hat now.
What is really important, after all, is the survival of big banks! At least, it would seem that way from the news [...]

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Credit

Wells Fargo, Wachovia Set to Merge?

by Joshua Dorkin | October 3, 2008

Talk about a banking coup! Just last week we thought that Citi would wind up as the winner of the Wachovia banking sweepstakes . . . fast forward to this morning, and it looks like Wells Fargo’s bid, which is over 7 times that of Citi – a whopping $15.1 billion, is going to [...]

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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 you? [...]

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Financing Real Estate

Real Estate Investors – Learn Where to find Portfolio Lenders

by Troy Schuricht | July 17, 2008

Last week I spoke about why Portfolio Lenders are important to investors, but the bigger question may be how to find them.   
Tracking down a financing source is never an easy task.  Many individuals have no idea where to start so they usually talk to there personal bank first.  While the likes of Wells Fargo, Chase, Bank of America and more [...]

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Financing Real Estate

Are Mortgage Brokers An Endangered Species?

by Rob K. Blake | July 13, 2008

By all accounts it seems the banking lobby will get everything they’ve been ask for from Congress over the past decade and in do so may legislate mortgage brokers out of existence.
A little history lesson is in order to understand all the political and media spin designed to sway their and public opinion away from [...]

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Commentary

A Realtor’s Road to Baghdad

by Michael Creel | April 15, 2008

Taking responsibility sometimes requires one to find an alternate path in life. I often hear and read stories about people “walking away” from their financial obligations and responsibilities simply because it’s not in their best interest to honor them, or it’s simply become to stressful.

As a Realtor, I’ve certainly not been immune to the [...]

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Economy

Real Estate Crisis Worsens and Takes the Rest of the Economy Down with it!

by Charles Feldman | March 12, 2008

If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at.
Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming.
But, before the depressing [...]

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