pyrap

Some Banks Walking Away from Home Foreclosures

The first responder makes a strong point. Problems are opportunties for the private sector and local governments to work together for mutual benefit. This is a time when its "Better to light a candle than to curse the darkness".

The timing of these walkaways is the main issue. It is reasonable for the governing municipality to secure these properties, provide minimum exterior maintenance, and assess at a professional rate.
But when negative value is likely, the lender has responsibility even though usually mot written in law.

My forecast is that City and County governments will address this issue as their particular circumstances dictate. But there is no "one size fits all" solution.

Wienkes, Merrill Weigh in on Sirius

I suppose contributions to this blog are written out of a sincere desire to ....., or....., well,...... maybe out of financial consternation (paralyzing dismay). After all, we have made a substantial investment and we are not doing well so far. Nothing said here will change that, or influence the price of Sirius/XM, or the management decisions of the company. But here is my 40K example to make myself feel better. I wish I could take up more space.

As a college pool champ 45 years ago I had the offer to play Willie Mosconi in a promotion for the opening of a new pool hall. Couldn't do it but the result would have been 325 to 0, as Mosconi dominated this game in a manner never seen before or since in any sport At the same time, more or less, there was "Minnesota Fats". Suffice it to say that Jackie Gleason who portrayed "Fats" in the "Hustler", not only made his own shots in the filming, but was atleast as good a pool player as the character he portrayed (and of course Gleason wasn't a homeless derelict).

My point is that some things are real, and some things that seem to be real, and bigger than life, are not. So I'll be trying to decide in these coming months relative to Sirius/XM whether I'm playing against Mosconi or Fats.

XM, Sirius Draw Merger Lines

The FCC delay is indeed disappointing. Perhaps if the penalty for blowing the merger would be an eternal drive through Nebraska with only terrestrial radio as a companion?