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    • Sat Apr 12th 18:56 PM | Rating: 0 0
      Commented on:
      What Went Wrong at GE?
      Mark Haines co-host on Friday AM shared with CNBC viewers that “there was a silver lining to the GE sell-off stating that every time the stock has sold off in the past, six months later the shares fully recover e.g. an easy 10% to be made (13% by the close). Normally they’re pretty cautious when discussing the mother ship. At least Haines, who is one of the few straight shooters there rolled his eyes and said “I’ll believe it when I see it”.
      View article »
    • Tue Apr 8th 22:06 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Asia Hurting From Subprime, But Surviving
      Howard Milstein* on Paul Volcker's comments and his own ideas for a solution to the housing challenge (continue teaser rates of 2% for 15 years with a Govn't guarantee on the principle)

      mms://media2.bloomberg...

      *co-chairman, president and CEO of Emigrant Savings Bank and its holding company, New York Private Bank and Trust, and managing partner of Milstein Properties
      View article »
    • Tue Apr 8th 17:34 PM | Rating: 0 0
      Commented on:
      The Greenspan Defense
      Greenspan on CNBC this afternoon

      (copy the video link below into your browser address bar)

      plus.cnbc.com/results/...


      More of the Greenspan interview
      (copy the video link below into your browser address bar)

      plus.cnbc.com/results/...
      View article »
    • Tue Apr 8th 14:19 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Homeownership and Housing Jobs Keep Shrinking

      -Real Estate Mogul, Don Peebles on the Real Estate Market:

      “If I could buy something today for what I could have bought it for in 2000, I’d find that a very favorable position to be, especially if it’s something I’m going to use”

      (cut and paste the video link into your browser address bar - windows media)

      plus.cnbc.com/results/...


      -CNBC discussion on the Foreclosure Act:

      “The home builders know what they’re doing when they buy land and I think bailing out the builders is a big mistake”

      “Lennar can go back and get $573m, D.R. Horton would qualify for $607m”

      “This Senate Bill doesn’t pass the smell test; it’s egregious that corporate home builders who have helped create this crisis through their lending subsidiaries are now like pigs at the trough asking for billions of dollars in government handouts”

      “That provision isn’t even limited to the homebuilders, the investment banks that are now seeing huge right downs and losses get the benefit from it just the same”

      “When you look at 2006 and the top 10 corporate homebuilders in this country had $100b of revenues and made $16b I find it ludicrous that in 2008 we’re talking about billions of dollars in taxpayer handouts for corporate homebuilders”

      (cut and paste the video link into your browser address bar - windows media)

      plus.cnbc.com/results/...


      The Foreclosure Prevention Act: (take note of page five TITLE IV - Helping Families Save Their Homes in Bankruptcy and the paragraph that outlines the potential affects)

      rpc.senate.gov/_files/...


      Long version
      thomas.loc.gov/cgi-bin...:
      View article »
    • Mon Apr 7th 22:26 PM | Rating: 0 0
      Commented on:
      Zell's Trib: Ask Not For Whom the Cliche Buzzer Buzzes
      The SA site is still truncating the link - One more try (cut and past into your browser window)

      plus.cnbc.com/results/...
      View article »
    • Mon Apr 7th 22:23 PM | Rating: 0 0
      Commented on:
      Zell's Trib: Ask Not For Whom the Cliche Buzzer Buzzes
      The link above was truncated by the SA website - I put quotation marks on the link, which hopefully will correct the problem -- try to cut and paste the link into your browser address bar - ( requires Windows media player file)

      "plus.cnbc.com/results/...@cnbc.com%26key%3Dj2rR...
      View article »
    • Mon Apr 7th 22:11 PM | Rating: 0 0
      Commented on:
      Zell's Trib: Ask Not For Whom the Cliche Buzzer Buzzes
      Video Archive (Tues. Feb. 26 2008):

      Zell proclaims "there will be no recession" and "housing bottoms this spring" and "the demise of newspapers is greatly exaggerated" with color commentary from Jack Welch

      plus.cnbc.com/results/...@cnbc.com%26key%3Dj2rR...
      View article »
    • Mon Apr 7th 16:40 PM | Rating: 0 0
      Commented on:
      What's a Fed to Do?
      The author's website is outstanding with some great tools (that are free) - www.dailyfx.com/
      View article »
    • Mon Apr 7th 15:42 PM | Rating: 0 0
      Commented on:
      Roger Wiegand: The Biggest Gold, Silver Rally in History
      Interesting article but who is Roger Wiegand and what are his credentials? The link above, www.tradertracks.com is to an advertising site that features used Harleys...
      View article »
    • Mon Apr 7th 08:52 AM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Homebuilders Criticized for Benefitting From Foreclosure Bill
      Here is one of the interesting paragraphs from the foreclosure prevention act -

      "THIS NOTICE SUMMARIZES PROVISIONS OF S. 2636, THE FORECLOSURE PREVENTION ACT OF 2008.

      TITLE IV - HELPING FAMILIES SAVE THEIR HOMES IN BANKRUPTCY

      SUBTITLE A – MINIMIZING FORECLOSURES

      Special Rules for Modification of Loans Secured by Residences

      In a nutshell, the substitute (or Foreclosure Prevention Act) changes the bankruptcy code to allow judges to modify the principal terms of a debtor’s mortgage (current law prohibits this) so that judges can reduce the principal balance of a loan and the rate of interest of the mortgage.

      The substitute (or Foreclosure Prevention Act) authorizes a bankruptcy plan for individuals with regular income to:

      (1) Modify an allowed secured claim secured by the debtor’s principal residence if the debtor’s income is insufficient to retain possession of the residence by curing a default (returning the debtor to pre-default conditions) and maintaining payments while the case is pending;

      (2) Provide for payment of such claim for a period not to exceed 30 years;

      (3) Permit the addition of certain costs to secured debt under specified circumstances; and

      (4) Waive any prepayment penalty on a claim secured by a debtor’s principal residence.

      Industry experts estimate that the cost of allowing judges to modify a debtor’s mortgage could substantially increase uncertainty for lenders thereby increasing the risk associated with making a mortgage loan. The costs associated with this increased risk would be passed on to consumers in the form of higher interest rates.

      The additional cost to consumers has been estimated to result in an interest rate increase of 1.5 to 2 percent. Every quarter point increase in mortgage interest rates would prevent 1.1 million Americans from being able to afford a home. Accordingly, this change in the bankruptcy code could potentially prevent 9 million Americans from owning a home.

      This policy will cost the average American homebuyer an extra $60,000 in interest costs over the course of a 30-year mortgage (assuming the U.S. average home price of $166,000).

      In 2008 and 2009 alone, this provision will drive up mortgage interest rates for an estimated 11 million home buyers."

      rpc.senate.gov/_files/...
      View article »
    • Mon Apr 7th 07:32 AM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Homebuilders Criticized for Benefitting From Foreclosure Bill
      Here is the link to the "Foreclosure Prevention Act"

      rpc.senate.gov/_files/...
      View article »
    • Sat Apr 5th 18:03 PM | Rating: 0 0
      Commented on:
      "Reluctant Banks" Let Defaulted Borrowers Stay in Homes
      I came across this 20 minute interview of Soros on Bloomberg- he talks quite a bit about real estate -

      mms://media2.bloomberg...
      View article »
    • Fri Apr 4th 20:12 PM | Rating: 0 0
      Commented on:
      "Reluctant Banks" Let Defaulted Borrowers Stay in Homes
      The question is what will be the real and virtual impact of the coming mortgage bailout both on housing prices and the market.

      An interesting Bill Gross interview from today (cut and past link into your browser window)

      plus.cnbc.com/results/...@cnbc.com%26key%3DZJJQ...
      View article »
    • Thu Apr 3rd 12:02 PM | Rating: 0 0
      Commented on:
      Ways to Win a Recession-Predicting Contest
      You mention Bartiroma and unlike some of her CNBC associates she maintains or at least appears to try and maintain an unbiased position. A great example is in her inteview April 2 with Soros -- The following is a link to the uncut version of that interview and as a side benefit provides Soros' recession prediction.

      (requires windows media player and you need to past the link into your browser address bar)

      plus.cnbc.com/results/...@cnbc.com%26key%3DORYf...
      View article »
    • Thu Apr 3rd 09:46 AM | Rating: 0 0
      Commented on:
      Learning from George Soros' Books
      If you missed it - here is the uncut version of the Soros interview on CNBC Weds April 2/08 (windows media player - cut and paste link in your browsers address bar)

      plus.cnbc.com/results/...@cnbc.com%26key%3DORYf...

      View article »
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