As I have been watching the news this week, I see that bankruptcy is at an all time high. You may be a homeowner in distress or an investor who is upside down or a real estate agent who has some financial difficulty or has a client in trouble. You may be considering filing bankruptcy. [...]
[flv:http://www.robinashley.com/videos/cramer.flv 300 250] I have to say that I love Mad Money’s Jim Cramer. I love someone who is willing to absolutely speak what’s on their mind and not have to be beholden to anyone.
So let’s get this right. Fannie and Freddie are the benefactors of what is arguably the biggest governmental bailout of all time, but the folks who took stock in these companies and actually invested in these mortgage behemoths, have no place to sit when the music stops. That hardly seems fair. No, forget about fair, it’s flat out insultingly wrong!
This makes me mad every time I see it. Either the National Association of Business Economists is full of people with no real business experience or fools. This is a headline from a major online Real Estate publication, “Economists See Credit Problems as Bigger Threat than Terrorism.”Â
This morning, President Bush signed the housing rescue bill that the Senate passed on Saturday. The sweeping $300 billion housing rescue bill is aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.
Senate Approves Measure, but Critics Say Law Unlikely to Prevent Most Foreclosures “This is not the end of the housing crunch,” said Jared Bernstein, a senior economist at the Economic Policy Institute. “Housing prices have already fallen 15 percent and they need to fall 10 percent more. This bill isn’t going to change that equation.”
IndyMac Bank’s assets were seized by federal regulators on Friday after succumbing to the pressures of tighter credit, tumbling home prices and rising foreclosures.
PMI Mortgage Insurance Co., recently released its Summer 2008 U.S. Market Risk Index(SM), which ranks the nation’s 50 largest metropolitan statistical areas (MSAs) according to the likelihood that home prices will be lower in the next two years.
This week New York State’s Attorney General Andrew Cuomo signed what will probably become a model for other states.
 In 1996, Michael Ovitz was “fired” by Disney. The entertainment golden boy was brought on to be the new crown prince of the world’s biggest entertainment company. Ovitz, a big time power broker and owner of arguably Hollywood’s most impressive Rolodex, lasted just 16 months before he was unceremoniously ousted. The cost for Disney [...]
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