He was talking to him a couple of weeks ago and big shots from several firms with large money market funds (some named here) testified that they were tapped out and if something wasn't done quickly, they would all have to 'break the buck' as nobody is buying what they would be forced to sell.

I would like to get into lending. What steps do I need to take? I just need to know the right steps, so I can move forward. I have the money and want to lend out. Any good resources out there?
free leeds or something....

Im not really interested right now as a beginner in doing short sales, being a landlord, or flipping since I really dont have the funding to do that..I just want to contract a property and sell it fast....

You can also do it as an LLC with the investors buying units.Normally in a winding down, lenders come ahead of shareholders/members in the distribution of any remaining funds.

Even a 25% loss of revenue could temporarily be supported by established reserve funds.

Mortgage companies have been mis-appropriating funds for years.

With all of the changes happening in the banking industry, once worthy buyers are now unable to purchase housing because of a lack of funds, or a lack of credit due to our economic downturn.

I wish I had funds to buy some of the stuff I'm seeing.I'm not sure where you're at Mike in terms of investing in areas, but I've got 2 wholesalers that send me 1-2 properties a week that need little work around $20k, and run $650 a month in rent (Although it requires that I buy in Columbus, which isn't a bad thing).

The thing is I am not sure I want to use any of my funds.

Given the communication tech nowdays, why can't we create local co-ops to fund small manufacturing businesses to start creating real wealth.