banks
Commentary by Rob K. Blake | October 18, 2008As 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 [...]
Commentary by Charles Feldman | October 15, 2008Great. 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 [...]
Commentary by Charles Feldman | October 8, 2008It’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 [...]
Credit by Joshua Dorkin | October 3, 2008Talk 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 help [...]
Economy by Charles Feldman | September 21, 2008NOTE: 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 [...]
Financing Real Estate by Troy Schuricht | July 17, 2008Last 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 [...]
Financing Real Estate by Rob K. Blake | July 13, 2008By 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 [...]
Commentary by Michael Creel | April 15, 2008Taking 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 [...]
Economy by Charles Feldman | March 12, 2008If 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 [...]
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Michael Zuber
Bank Takeover Artists Benefit From TARP Loophole
by Rob K. Blake | October 18, 2008As 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 [...]