markg

Americans Will Be Refinanced by Any Means Possible

If our economy is driven by consumer spending, and the funds to spend as consumers via home equity is no longer an option, then why do we not simply strive to stimulate the economy through wealth creation by doing something constructive instead of trying to resurrect a clearly defective economic plan. House values should be seen as a result, not a cause.

As Wall street has created and paid themselves billions for shuffling paper with no real value added, homeowners have spent without regard for the value added proposition.

Almost all of these "schemes" to stimulate housing, save housing values, etc. are put forth with the goal of stimulating the economy. It would be much more effective to simply go back to being an economy where we ad value through productivity and working intelligently, not paper shuffling.

Wall Street Breakfast: Must-Know News

Sure Obama and company can whine belatedly about TARP money going for bonuses, but where was the oversight before this happened? What can they do now? Same thing they did before, nothing!

The money is gone and it is going to stay gone.

Solve the Housing Crisis by Rewarding the Prudent

I like the idea of rewarding the savvy and prudent, but there is one question, who picks up the tab for the $7200 per family per year? Or did I miss something?

Fannie & Freddie: Myth vs. Reality, Part 2

Losses of $99million? Where did you get this number?

What facts are you basing your conclusions on?