Bailout Cash to Benefit Homeowners?
January 29, 2009 by Bob Schenkenberger · Leave a Comment
The fed is finally trying to get some of the bailout money into programs that may benefit those most in need. I’m not sure if it will actually get there, but there seems to be a movement away from bailing out the banks, towards bailing out homeowners. This is a much needed policy change, as [...]
Sponsor a Mortgage Executive!
December 18, 2008 by Bob Schenkenberger · Leave a Comment
Funny and what spending $700 Billion will inspire others to create!
8 Perspectives on the “Bailout”
December 5, 2008 by Bob Schenkenberger · Leave a Comment
Here are some pretty funny cartoons portraying the Federal Government and the $700 billion (some think the total could be closer to $7 Trillion!) Bailout Plan.
The Fed ALMOST Got it Right!
November 25, 2008 by Bob Schenkenberger · Leave a Comment
The Fed announced today it will purchase up to $600 billion in mortgage backed securities issued by Fannie, Freddie and Ginnie Mae.
As a result, 30 year fixed rates drop to 5.50%. This is great news! What isn’t such great news is that those in need of a “hand up” are NOT going to get [...]
Give me $85 Billion and I’d Throw a Party!
October 9, 2008 by Bob Schenkenberger · 2 Comments
I guess I’m not the only one. It’s really quite maddening!
Check this out from the AP
Thursday, October 9, 2008
WASHINGTON – Days after it got a federal bailout, American International Group Inc. (AIG) spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the [...]
