Bloomberg reports that former Treasury Secretary and Citigroup board member Robert Rubin will be summoned before the Financial Crisis Inquiry Commission in April, with Alan Greenspan and Chuck Prince likely to be tapped as well. On the one hand, it’s a welcome sign that the FCIC will be interviewing many of the major figures responsible for the crisis. On the other, the QA format is almost certain to prove mighty unsatisfying.
Archive for February, 2010
” Recent projections estimate that by June, over 5 million homeowners will be heavily underwater. Let us define that a little more precisely. You are heavily underwater if the current market value of your home is only 75% of the balance on your mortgage. Between you and me, this means you are pretty screwed. The scary part is that if this projection proves true 10% of all US homeowners will be in this pickle; not the place you want an economy to be if you are trying to dig yourself out of a recession.”
” Here are a couple of stories similar to thousands playing out across the country, and tens of thousands more to come. The second article gets to the heart of the upcoming commercial real estate bust.”
“Inquiring minds are investigating Fannie Mae’s stunning $72 billion loss for 2009 as well as new short selling curbs. The two are actually related. Let’s take a look.”
“NERA Economic Consulting argues in a new white paper that limiting the size of financial institutions may actually result in more risk-taking, not less.”
#160;Powered by Max Banner Ads#160;Out In Field-Feeding the Sponge
I#8217;m currently in Texas at a Commercial Real Estate Short Sale Conference hosted by Karen Hanover.
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Is Bank Of America Getting Better At Processing Short Sales?
Arizona Short Sale Realtor Cody Sperber Reviews Bank Of Americas Short Sale Processing Department. When you first start falling behind on your mortgage payments, the natural thing to do is call your lender(s) and ask for help. Your lender(s) will request you to send in [...]
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Foreclosure vs Short Sale from a seller#8217;s perspective
Short sales on Miami Beach condos
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Short Sales : A Short Sale to Avoid Home Foreclosure
A Short Sale to Avoid Home Foreclosure Author: Kris Koonar You can buy a home before it goes into foreclosure, if you manage to arrange a short sale. A short sale is when the homeowner sells the home to you at a price lower than what [...]
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You have George Soros, the man who makes whole governments shiver at age 821, betting against the Euro in deals where he stands to make 20+ times as much as he can lose. And they call that news. The rhyme was intended. Well, there is no doubt the euro will have further to fall, so kudo’s Soros. For the next few days, George doesn’t need any Viagra. What’s more interesting for who still hasn’t been paying attention is that what Soros is aiming for coincides perfectly with what the Germans seek. Or, if you’re in an adventurous frame of mind, that the Greek government itself may well be, as we speak, betting on the same odds Soros is. Let’s see some hands here, how many of you thought of that one?