Socialism cannot compete!

Wall Street Breakfast: Must-Know News

I DO mind the deferal of payments AND the foreclosure moratorium...and ANYTHING that involves government subsidizing or forcing banks to take the hit for home buyers that cannot make their payments! This is SOCIALIST interference with housing on the taxpayer dime, and is costing those who prudently waited to buy doubly -- we are footing the bill for those who overbought and also not being allowed the price reductions that would & should be occurring!!!


On Jul 30 08:03 AM doubleguns wrote:

> "defer [payment of] the money owed to a later time when, hopefully,
> home values have improved."
>
> This sounds like if values don't rise you dont make payments. I am
> sure that would prevent forclosures but at what cost. I dont mind
> to defer the payments but it has to be some reasonable period of
> time not "when the home values have improved."

Wall Street Breakfast: Must-Know News

[quote]
New help for homeowners. The White House is planning to announce new guidelines today to help homeowners struggling with Federal Housing Administration-insured mortgages. The guidelines will narrow the gap between the FHA's mortgage-modification program and the White House's foreclosure-prevention plan, and will "offer borrowers an opportunity to stay in their homes, make payments that are manageable and defer [payment of] the money owed to a later time when, hopefully, home values have improved.
[end quote]

Apparently my biggest financial mistake ever was not buying a home I couldn't afford. This is a total CROCK!!!

Picking Some Stocks to Survive This Market

@Chicagawaukee: "I would add some low priced, higher yielding stocks such as DOW, ED, DUK, MRK, until the market calms down." ABSOLUTELY! I've bought some ED on recent dips below 40. A 6% yield is nice to hang onto, and I don't think we're shutting off the grid anytime soon.

@JonT & TomB: Again, ABSOLUTELY! MSFT is DIW. Server rooms are going Linux...there goes your enterprise OS $. Consumer is DIW. OpenOffice = no need for MS Office in these economic conditions. I see little reason to expect much from MSFT for at least several years!

I'm going with some yields: ED, INTC (for the long haul - it will suffer from the short-term consumer dip like MSFT, but has much better product & strategy!), NLY (benefits from steep yield curve & declining LIBOR...& the Feds are backstopping the mortgage debt. Currently yielding 18%...what's not to like?), KO (declining commodity prices, still growing abroad & continued expansion in non-carbonated segment).

20 Top High-Dividend Growth Stocks

How about REITs, since they are incentivized to pay dividends by the fact that they do not pay corporate tax on money paid out as dividends. I am long NLY for the great dividend, and with rates looking to be held steady for another 6 to 12 months, NLY is going to have a great year ahead!