Monday, December 28, 2009

Free Houses for Everyone!! Yippeee!!

On a holiday eve, the Treasury announces that they will back Fannie & Freddie to unlimited losses. Yes, you read that right...they will not cap how far or how much they'll back bad mortgages, essentially to infinity. This has caused investors and speculation to scramble about what this means...

One potential answer? Free mortgages!! That's right, big loan forgiveness (similar to how student loans can be forgiven) appear to be a-coming. May wanna start buying some homes if you are the gambling type.

“Given this outlook, we believe that the main driver of this significant change is the flexibility it gives the government to take more aggressive action to support the housing market, including potentially going down the road of allowing some form of principal writedown,

Sunday, December 13, 2009

Anatomy of a bank takeover

Ever wanted to know how the process goes down when the FDIC comes to your local bank and says "Move out, we're in charge" to your bank's branch manager? This article goes thru it step by step.

Conservative lending institutions are among the many that are on Calculated Risk's unofficial problem bank list.

Thursday, December 10, 2009

American Dream?

The American a big house, live in it for a while, then default on the payments and go rent a similar house for cheaper......

Wednesday, December 9, 2009

Saturday, November 28, 2009

The biggest RE land rush right now

Its not here in the US and A...

Its not here in the Northern Hemisphere...

It is not even Australia..

Its...Africa. Farmland is going up for sale and selling in record time. An oncoming food shortage plus CHEAP land plus CHEAP labor makes for a great opportunity for those with big money.

Friday, November 20, 2009

The biggest check ever written..

9 billion dollar, I don't think that this record is going to last too long...its the check that saved Morgan Stanley from cradling under..

The Best Investment for 2010-2020

The best stock investment for the next 10 years will be whichever bank/financial institution/lending company figures out a way to lend money to small businesses profitably and with little risk.

Simply put, this will be the BEST INVESTMENT of the next decade, short of a company finding a cure/treatment for cancer or heart disease. Why do I say that? The need is there in the form of ample demand, very limited supply, this/these lending companies can be extremely picky with who they have as customers, and they can get every kind of collateral they want. If they are or become publicly traded, these strong small business loans/lines will be the kind of paper Wall St and foreigners will need to buy. Something that is extremely tight with lending criteria, great assets as collateral, strong base of debtors, and above average returns on loans.

Anyone wanna weigh in or am I just nuts?

Anyways, here's a list of the top 10 stocks from 2000-2010 (or until November 2009)

Thursday, November 19, 2009

Want Lower Credit Card Rates? Spend 750 bucks every month!!

Credit card companies LOVE to screw customers. After making them deal with the shock and horror of one time credit rates around 8% get JACKED UP to 29%, Citibank has decided to "make nice" with their customers:

Those who meet the spending minimum , in some cases $750 a month , will be able to get a rebate on their total interest charges for that month. The rebate could cover some or all of the interest rate hike. Customers also need to make payments on time to qualify for the rebate.

Yes, that's right, they want you to spend almost a GRAND every month in hopes to get you trapped further. Unbelievable!

Wednesday, November 11, 2009

Stupid Americanos....Won't Pay 50 bucks to buy Gold coin worth $1100

Great video that goes to show you how uneducated Americans are with money.

Saturday, November 7, 2009

Gold & the United States

Will the US ever sell its gold? Err, will the US ever be forced to sell its gold?

I hope not, but that doesn't mean the day won't come when we'll need to finance our vast debt to pay off our expenditures and future costs (such as the health care bill that just passed the House).