by Patrick
on January 29, 2009
Finally something that we can all get behind: Don’t pay your bills. It’s not my idea, although it has appeal. It’s the Fed’s and it’s the cornerstone of the new Homeownership Preservation Policy. To qualify for aid, the homeowner must be at least 60 days past due on his or her mortgage payments. (This program [...]
{
}
by Patrick
on January 29, 2009
All of this stimulus talk chafes me the wrong way, given that we don’t have $815 billion lying around to spread around the economy, we’re going to have to borrow it. I figure at some point, someone is going to call our tab, and that can’t mean anything good for the average consumer here in [...]
{
}
by Patrick
on January 29, 2009
Mortgage Insider - Mortgage rates jump to 5% The Big Picture - Good Bank, Bad Bank by Dr. Seuss The Reformed Broker - People I Can Do Without: Winter ‘09 Huffington Post - Senate Banking Chairman: Confiscate Wall Street Bonuses
{
}
by Patrick
on January 29, 2009
Deal Book - Nassim Taleb: ‘I Was Happy Lehman Went Bust’ The Big Picture - Greed + Incompetence + A Belief in Market Efficiency = Disaster Housing Doom - Where are taxpayer billions [Make that trillions] going? Mish’s - Geithner Discusses Nationalization In $2 Trillion Bailout Proposal
{
}
by Patrick
on January 28, 2009
Calculated Risk – House Passes Stimulus Plan Huffington Post - Good Gov’t Groups: Are Corporations Using Bailout Money To Fund Political Campaigns? Mish’s - Fed Adopts “Throw The Kitchen Sink” Policy Infectious Greed - Ebay as Federal Reserve 2.0
{
}
