1234987's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/209500/comments http://seekingalpha.com/article/123400-why-my-housing-plan-should-be-implemented-now?source=feed#comment-410533 410533 is what to do with the inventory? HUD!!! Section 8 housing. We are
already huge landlords (gov) accross the country.

You do not realize just how right you are!!!

BUT, The gov. deliberately wanted to reduce home prices to income
levels. The average income could not sustain the house price.

And the bottom is not there yet. There is a solution, just no-one wants
one.


On Mar 02 01:56 AM Mr. Ed, Jr. wrote:

> A while back, I made a sort of tongue-in-cheek comment that the government
> should buy up all the vacant homes (a couple million of them) that
> are throwing the "supply" part of supply & demand out of whack.
>
>
> After buying them, they should be torn down. Instead of housing starts,
> the new stat would be housing tear-downs. Presumably, homebuilders
> (who put them up) would know how to take them down. Plenty of good,
> honest work as unemployment rises.
>
> Keeping them intact until conditions improve would be expensive.
> The homeless would move in (That is occurring today in some communities),
> or they would be looted for "parts". Plus, psychologically, potential
> homebuyers would know they are still there, and maybe the government
> would eventually sell them at a big discount-- so they might wait.
>
>
> If there is no excess supply, we should at least be able to get to
> a bottom quickly, and probably a nice price uptick, which helps everybody's
> financial interests (Although I am uncertain whether the taxpayer
> is helped by this or any other massive spending plan).
>
> Of course, the notion of tearing down 2 million homes has absolutely
> zero political viability. But, what we are spending now on TARP,
> stimulus and endless bailouts to come make the "tear down" financially
> competitive.
> ]]> Tue, 03 Mar 2009 02:18:48 -0500 is what to do with the inventory? HUD!!! Section 8 housing. We are
already huge landlords (gov) accross the country.

You do not realize just how right you are!!!

BUT, The gov. deliberately wanted to reduce home prices to income
levels. The average income could not sustain the house price.

And the bottom is not there yet. There is a solution, just no-one wants
one.


On Mar 02 01:56 AM Mr. Ed, Jr. wrote:

> A while back, I made a sort of tongue-in-cheek comment that the government
> should buy up all the vacant homes (a couple million of them) that
> are throwing the "supply" part of supply & demand out of whack.
>
>
> After buying them, they should be torn down. Instead of housing starts,
> the new stat would be housing tear-downs. Presumably, homebuilders
> (who put them up) would know how to take them down. Plenty of good,
> honest work as unemployment rises.
>
> Keeping them intact until conditions improve would be expensive.
> The homeless would move in (That is occurring today in some communities),
> or they would be looted for "parts". Plus, psychologically, potential
> homebuyers would know they are still there, and maybe the government
> would eventually sell them at a big discount-- so they might wait.
>
>
> If there is no excess supply, we should at least be able to get to
> a bottom quickly, and probably a nice price uptick, which helps everybody's
> financial interests (Although I am uncertain whether the taxpayer
> is helped by this or any other massive spending plan).
>
> Of course, the notion of tearing down 2 million homes has absolutely
> zero political viability. But, what we are spending now on TARP,
> stimulus and endless bailouts to come make the "tear down" financially
> competitive.
> ]]> http://seekingalpha.com/article/123400-why-my-housing-plan-should-be-implemented-now?source=feed#comment-410532 410532
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Tue, 03 Mar 2009 02:13:44 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/121871-housing-crisis-is-key-to-economic-recovery?source=feed#comment-398597 398597
Until we address 2.5 million homes (& growing) held by Banks there will be no bottom.

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.
]]> Sun, 22 Feb 2009 11:36:44 -0500
Until we address 2.5 million homes (& growing) held by Banks there will be no bottom.

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.
]]> http://seekingalpha.com/article/121765-obama-s-foreclosure-plan-a-closer-look?source=feed#comment-397854 397854

On Feb 21 01:14 PM jksisco wrote:

> The Banks should be working with those that are having problems,
> period. The Government has no business getting involved. Banks could
> and should work with owner-occupied trustors to temporarily lower
> payments based on ability to pay. Foreclosed houses in a supply rich
> market generate zero to negative cash flow for the banks, some cash
> flow would be better than none. This would increase the possibility
> that some homeowners would be able to reorganize themselves in the
> near future. Most people are just looking for a hand, not a handout.
> There maybe some risk of moral hazard, but, if we're all in this
> together, then the Banks should reciprocate for the money that has
> been loaned to them. The Homeowner bailout proposed by the Government
> is just window dressing, it's really a subsidy to the banks. I was
> working in Debt negotiation for a few months, the Credit Card companies
> are settling debt for 15-50% of what they're owed, everything is
> negotiable.

You are wrong houses are expensive to own if rented or not!!! Taxes, Insurance, upkeep, vandalism.

Banks seldomly rent due to liability issues. Therefore no income.

So what do you do with 2.5 million and growing vacant homes owned by
Banks???

Over a 2 year supply if we build No new homes!!!!!

Homeowners are upside down due to this huge volume of homes being sold (given away) for less than replacement cost. Banks will sell for any reasonable amount of $ regardless of what is owed. Homeowners can't compete in this market!!!!!

We Must due the following:

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.



]]> Sat, 21 Feb 2009 13:38:45 -0500

On Feb 21 01:14 PM jksisco wrote:

> The Banks should be working with those that are having problems,
> period. The Government has no business getting involved. Banks could
> and should work with owner-occupied trustors to temporarily lower
> payments based on ability to pay. Foreclosed houses in a supply rich
> market generate zero to negative cash flow for the banks, some cash
> flow would be better than none. This would increase the possibility
> that some homeowners would be able to reorganize themselves in the
> near future. Most people are just looking for a hand, not a handout.
> There maybe some risk of moral hazard, but, if we're all in this
> together, then the Banks should reciprocate for the money that has
> been loaned to them. The Homeowner bailout proposed by the Government
> is just window dressing, it's really a subsidy to the banks. I was
> working in Debt negotiation for a few months, the Credit Card companies
> are settling debt for 15-50% of what they're owed, everything is
> negotiable.

You are wrong houses are expensive to own if rented or not!!! Taxes, Insurance, upkeep, vandalism.

Banks seldomly rent due to liability issues. Therefore no income.

So what do you do with 2.5 million and growing vacant homes owned by
Banks???

Over a 2 year supply if we build No new homes!!!!!

Homeowners are upside down due to this huge volume of homes being sold (given away) for less than replacement cost. Banks will sell for any reasonable amount of $ regardless of what is owed. Homeowners can't compete in this market!!!!!

We Must due the following:

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.



]]> http://seekingalpha.com/article/121760-banks-in-limbo-financials-in-trouble?source=feed#comment-397835 397835
7 have been arrested for fraud

19 have been accused of writing bad checks

117 have directly or indirectly bankrupted at least 2 businesses

3 have done time for assault

71 repeat 71
cannot get a credit card due to bad credit

14 have been arrested on drug-related charges

8 have been arrested for shoplifting

21 currently are defendants in lawsuits,

and
84 have been arrested for drunk driving

in the last year



Can
you guess which organization this is?



NBA Or NFL
? Give up yet? .
Scroll down,

Neither,
it's the 435 members of the
United States Congress

The same group of Idiots that crank out
hundreds of new laws each year
designed to keep the rest of us in line.





]]> Sat, 21 Feb 2009 13:19:12 -0500
7 have been arrested for fraud

19 have been accused of writing bad checks

117 have directly or indirectly bankrupted at least 2 businesses

3 have done time for assault

71 repeat 71
cannot get a credit card due to bad credit

14 have been arrested on drug-related charges

8 have been arrested for shoplifting

21 currently are defendants in lawsuits,

and
84 have been arrested for drunk driving

in the last year



Can
you guess which organization this is?



NBA Or NFL
? Give up yet? .
Scroll down,

Neither,
it's the 435 members of the
United States Congress

The same group of Idiots that crank out
hundreds of new laws each year
designed to keep the rest of us in line.





]]> http://seekingalpha.com/article/121765-obama-s-foreclosure-plan-a-closer-look?source=feed#comment-397789 397789
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once]]> Sat, 21 Feb 2009 12:32:52 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once]]> http://seekingalpha.com/article/121491-obama-s-housing-plan-a-step-in-the-right-direction?source=feed#comment-396690 396690
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets]]> Fri, 20 Feb 2009 11:44:58 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets]]> http://seekingalpha.com/article/121567-rick-santelli-speaks-for-the-silent-majority?source=feed#comment-396675 396675

On Feb 19 05:01 PM The Driver wrote:

> Who is John Galt?]]> Fri, 20 Feb 2009 11:36:16 -0500

On Feb 19 05:01 PM The Driver wrote:

> Who is John Galt?]]> http://seekingalpha.com/article/121667-don-t-panic-inflation-will-save-us?source=feed#comment-396649 396649
Remove 2 million homes from bank balance sheets & MLS.

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Fri, 20 Feb 2009 11:24:55 -0500
Remove 2 million homes from bank balance sheets & MLS.

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/121681-details-of-obama-housing-plan-not-so-bad-after-all?source=feed#comment-396640 396640
This number is huge & will drive prices even lower for years to come.

The next 700 billion bailout will be for municipalities/cities to replace falling revenue due to real estate taxes dropping.

Removing 2 million of these homes from the market will drive supply to the lowest level in years. This will increase demand & prices will bottom & then rise.

This will increase the value of all homes including the 9 million upside down owners who can now sell or refinance.

Lenders will lend on increased demand & rising home values. (not declining).

Send the 2 million homes to local HUD agencies for section 8 housing.

Sell 600 billion in 30 year bonds to finance purchase of homes.

Lenders will have a fresh pool of funds to lend from.

Remove declining assets from balance sheets.

Prop up home values for city/Muicipalities property tax revenue.

This will work. ]]> Fri, 20 Feb 2009 11:19:39 -0500
This number is huge & will drive prices even lower for years to come.

The next 700 billion bailout will be for municipalities/cities to replace falling revenue due to real estate taxes dropping.

Removing 2 million of these homes from the market will drive supply to the lowest level in years. This will increase demand & prices will bottom & then rise.

This will increase the value of all homes including the 9 million upside down owners who can now sell or refinance.

Lenders will lend on increased demand & rising home values. (not declining).

Send the 2 million homes to local HUD agencies for section 8 housing.

Sell 600 billion in 30 year bonds to finance purchase of homes.

Lenders will have a fresh pool of funds to lend from.

Remove declining assets from balance sheets.

Prop up home values for city/Muicipalities property tax revenue.

This will work. ]]> http://seekingalpha.com/article/121365-marketwatch-s-ridiculous-prediction-zero-new-housing-starts?source=feed#comment-395656 395656 REO).

The laws of supply/demand would drive the prices back up & level.

The gov could sell 600 billion in RTC long term (30 year) bonds. $300,000 app each home. ( pay 20% less than first mrtg.)

Send all homes to local HUD for rental in section 8 voucher program and eventual disposition as the need for housing increases.

Wow a definite solution, with cost!!!

By the way the 20% could be added to the price of the homes when they are eventually sold to limit any losses. Also the Institutions selling the homes could absorb any losses based on the proportionate share of homes sold to the RTC. ( over the remaining years left on the bonds).

Wow limit and assess any losses!!!!

]]> Thu, 19 Feb 2009 16:35:23 -0500 REO).

The laws of supply/demand would drive the prices back up & level.

The gov could sell 600 billion in RTC long term (30 year) bonds. $300,000 app each home. ( pay 20% less than first mrtg.)

Send all homes to local HUD for rental in section 8 voucher program and eventual disposition as the need for housing increases.

Wow a definite solution, with cost!!!

By the way the 20% could be added to the price of the homes when they are eventually sold to limit any losses. Also the Institutions selling the homes could absorb any losses based on the proportionate share of homes sold to the RTC. ( over the remaining years left on the bonds).

Wow limit and assess any losses!!!!

]]> http://seekingalpha.com/article/121405-5-reasons-housing-stocks-are-still-in-trouble?source=feed#comment-395560 395560
Removing 2 million homes from the MLS for Sale market will help everyone including the homeowner currently upsidedown, the homeowner in foreclosure can now sell into a rising market. (The law of Supply/Demand will increase prices as potential buyers will frenzie to buy a home at discount). The fear of not getting in will drive the market back to a more sustainable level/Price.

The Gov thru an RTC should purchase these homes & send the home to the local HUD agencies for rentals & ultimate disposition thru MLS sales.
The RTC could sell 600 billion in long term (30 year) bonds to finance 2 million homes @ 300,000 (app) each. Price could be set at 20% less than the first mortgage. No jumbos, They work themselves out.

When the homes are eventually sold (as the need for housing increases the HUD could place inventory for sale). Prices will be set @ the original first mortgage (collect the 20% discount from purchase).

Any losses after all homes are sold (5-10 years) will be absorbed by the
institutions selling homes to the RTC in proportion to the amount purchased and sold by the individual institutions. This loss will be paid to the bondholders over the remaining years of the bonds. (more easily digested).

Any comments?
]]> Thu, 19 Feb 2009 15:26:34 -0500
Removing 2 million homes from the MLS for Sale market will help everyone including the homeowner currently upsidedown, the homeowner in foreclosure can now sell into a rising market. (The law of Supply/Demand will increase prices as potential buyers will frenzie to buy a home at discount). The fear of not getting in will drive the market back to a more sustainable level/Price.

The Gov thru an RTC should purchase these homes & send the home to the local HUD agencies for rentals & ultimate disposition thru MLS sales.
The RTC could sell 600 billion in long term (30 year) bonds to finance 2 million homes @ 300,000 (app) each. Price could be set at 20% less than the first mortgage. No jumbos, They work themselves out.

When the homes are eventually sold (as the need for housing increases the HUD could place inventory for sale). Prices will be set @ the original first mortgage (collect the 20% discount from purchase).

Any losses after all homes are sold (5-10 years) will be absorbed by the
institutions selling homes to the RTC in proportion to the amount purchased and sold by the individual institutions. This loss will be paid to the bondholders over the remaining years of the bonds. (more easily digested).

Any comments?
]]> http://seekingalpha.com/article/113871-let-s-study-the-data-on-loan-modifications?source=feed#comment-394092 394092
I read some of your articles @ time & in Denver, lets try & offer some
solutions. We have already defined the problems, loose loan requirements, easy money, unscroupulous lenders/borrowers,
no government regulations. (I think the sudden rise in interest rates).

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Wed, 18 Feb 2009 16:28:43 -0500
I read some of your articles @ time & in Denver, lets try & offer some
solutions. We have already defined the problems, loose loan requirements, easy money, unscroupulous lenders/borrowers,
no government regulations. (I think the sudden rise in interest rates).

Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/120667-an-alternate-solution-to-the-bad-bank-problem?source=feed#comment-390654 390654
Wonderfull Idea!! Spread the risk over time, I did not figure this out until
I read your article.

But help address the 2.5 million homes currently owned by Financial Institutions.

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Mon, 16 Feb 2009 12:58:41 -0500
Wonderfull Idea!! Spread the risk over time, I did not figure this out until
I read your article.

But help address the 2.5 million homes currently owned by Financial Institutions.

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/120606-financial-stocks-playing-the-mark-to-market-suspension?source=feed#comment-389350 389350 Sun, 15 Feb 2009 12:13:21 -0500 http://seekingalpha.com/article/120488-obama-s-housing-plan-what-will-it-really-accomplish?source=feed#comment-387498 387498
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Fri, 13 Feb 2009 13:50:29 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/119181-a-housing-thought-experiment?source=feed#comment-379870 379870 the average person will rent!!!

However, once you factor in depreciation writeoffs etc. & the
increase in values of homes, stability, control of your own
future owning makes more sense.

Yes someone is going to write not in these times. WE HAVE
NEVER HAD THESE TIMES BEFORE!. And the renter in FL.
and VT, were did you put the extra cash you saved from home
ownership? STOCKMARKET??

Buy low sell high!! These are buying times. Might not be the bottom
but it is somewhere.]]> Sun, 08 Feb 2009 10:59:18 -0500 the average person will rent!!!

However, once you factor in depreciation writeoffs etc. & the
increase in values of homes, stability, control of your own
future owning makes more sense.

Yes someone is going to write not in these times. WE HAVE
NEVER HAD THESE TIMES BEFORE!. And the renter in FL.
and VT, were did you put the extra cash you saved from home
ownership? STOCKMARKET??

Buy low sell high!! These are buying times. Might not be the bottom
but it is somewhere.]]> http://seekingalpha.com/article/116755-three-strikes-against-home-buyers?source=feed#comment-368702 368702 The price of the house matters twice, when U buy & when U sell!!

Thats it...

If you can afford the house, payments, taxes & upkeep buy now & do not wait.
But you are a lifetime renter/never buyer.
The tax savings for Home mortgage interest almost covers the ownership
costs depending on your tax bracket.

Find a home, I'll buy it & rent to you so you can pay off my mortgage.

]]> Wed, 28 Jan 2009 12:01:55 -0500 The price of the house matters twice, when U buy & when U sell!!

Thats it...

If you can afford the house, payments, taxes & upkeep buy now & do not wait.
But you are a lifetime renter/never buyer.
The tax savings for Home mortgage interest almost covers the ownership
costs depending on your tax bracket.

Find a home, I'll buy it & rent to you so you can pay off my mortgage.

]]> http://seekingalpha.com/article/116932-eight-mistakes-that-caused-the-financial-crisis?source=feed#comment-368637 368637
Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Wed, 28 Jan 2009 11:15:33 -0500
Housing solution!

I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/116170-homes-under-water-looks-like-a-long-slog-for-homebuilders?source=feed#comment-364969 364969
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Sat, 24 Jan 2009 12:02:52 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/115606-contemplating-the-demise-of-bank-of-america-citi-and-jpmorgan?source=feed#comment-364901 364901
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Sat, 24 Jan 2009 10:08:53 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/115919-how-do-you-recapitalize-1-8-trillion-in-bank-loan-losses?source=feed#comment-364202 364202
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> Fri, 23 Jan 2009 11:52:00 -0500
I, Remove 2 million homes from the MLS (for Sale) that financial institutions currently have
for Sale. Any Institution that received TARP funds will be required to first offer the home
to the RTC for purchase. RTC will not purchase any home above $417,000. No Jumbos.

2, Government Resolution Trust will purchase these homes from these institutions for 20%
less than original first Mortgage amount. No negotiating.

3, 600 billion dollars to buy these homes (app $300,000 each average) will come from the sale
of long term 30 year bonds. (Currently app 3-5%) issued by Government.

4. RTC will send these homes to the local HUD offices for disposition thru voucher program
(rentals). $5000 will accompany each home for repairs & upkeep. eventually as the MLS
system reaches certain inventory levels (i.e. 30-60 days) HUD will be allowed to place these
homes on the sale market. If the inventory increases HUD will remove homes accordingly.
This will be a local HUD market decision, differing from region to region. Rental Income will
help cover expenses such as maintenance, insurance and property taxes.


Pro's:


Supply/demand economics will create a bottom in the housing market once 2 million homes
for sale are removed. Prices will start to increase.

Local governments will see a bottom in declining values and revenue will increase as values
slowly stabilize and slowly increase.

Individual homeowners as well as other sellers will find a housing market ready and able
to absorb the inventory.

Banks will now have a fresh source of funds to lend on homes that are not declining in value.

Banks will be able to clean balance sheets of hard to liquidate assets.

Lending/leverage/credi... markets will slowly begin to return to normal. Applications will
increase, appraisals, home inspections, title work, all types of stimulating activity for business.

As home prices stabilize and increase the local HUD agency selling homes over a 3-7 year time
frame will see prices rise for properties purchased by the RTC. HUD will only be required to
return to RTC the original amount of the purchase price plus the 20%. Or the original amount of the
selling banks first mortgage.

Once the RTC is closed and all homes sold, all losses (if any) will be covered proportionately
by the selling institutions. All financial Institutions selling homes to the RTC will share the loss
at the RTC as a percentage of total homes purchased and homes sold to the RTC. That percentage
will be the Banks percentage for covered losses. These losses will be paid by the banks over a 30 year period liquidating the original bonds sold to finance the purchase.

Other agenda items:

Mark to Market accounting will only apply to non performing assets.

Spend 50 billion each year for the next 3 years rebuilding infrastructure. Bridges, Roads, tunnels,
water plants, dams, levies anything to create jobs.
Stimulus checks for $300 only help pay a credit card bill once.

Any comments?
]]> http://seekingalpha.com/article/112168-the-origin-of-financial-crises?source=feed#comment-351867 351867
Copperbaron is correct/so is WG : however to think that CRA which required a small (very small) percentage of asstes 2 be in low income neighborhoods as well as borrower, caused this loosening of credit guidlines is ridiculous.

The competition (insatiable thirst) from Wall street (Lehman, Merrill, Bear) selling 100 million a week of mortgage backed securities, lowered the standards.

Banks saw the loan apps drying up & wondering who was writing the loans. They found mortgage brokers with no regulation sending packages to Wall Street instead of Banks underwritting departments.

Wall street paid more origination fees & had lower lending requiremnets.

Banks only tried 2 compete & thus got caught in the web by purchasing these same packaged loans from wall street that the brokers didn't send 2 the banks underwritting depts in the first place.

Gov is required 2 encourage lending in all markets especially low income & CRA areas. This lending did not bring any crisis to any market.]]> Sat, 10 Jan 2009 15:40:16 -0500
Copperbaron is correct/so is WG : however to think that CRA which required a small (very small) percentage of asstes 2 be in low income neighborhoods as well as borrower, caused this loosening of credit guidlines is ridiculous.

The competition (insatiable thirst) from Wall street (Lehman, Merrill, Bear) selling 100 million a week of mortgage backed securities, lowered the standards.

Banks saw the loan apps drying up & wondering who was writing the loans. They found mortgage brokers with no regulation sending packages to Wall Street instead of Banks underwritting departments.

Wall street paid more origination fees & had lower lending requiremnets.

Banks only tried 2 compete & thus got caught in the web by purchasing these same packaged loans from wall street that the brokers didn't send 2 the banks underwritting depts in the first place.

Gov is required 2 encourage lending in all markets especially low income & CRA areas. This lending did not bring any crisis to any market.]]> http://seekingalpha.com/article/112168-the-origin-of-financial-crises?source=feed#comment-351825 351825
Might I offer, we need 2 stabalize the housing market!!

Remove all the REO homes from the market immediately, All financial institutions are now required 2 sell all REO single family homes 2 a newly formed Resolution Trust II company owned by the GOV. The homes will B purchased from financial institutions at book value or the amount of indebtedness.

The RTC will dispose of these assets in an orderly manner over a period of 5-10 years. The homes will B given 2 Real estate agents in lots of 50 per agent @ 10% commision with the RTC obsorbing operating costs & repairs 20% commision with the agent absorbing the expenses. (IE some formula). The homes would only B sold in stable markets and some with tenants 2 investors or rent 2 own tenants.

This action would immediately cause stabilization of housing prices with an increase in prices as market supply dries up. The average homeowner could now find a buyer with adequate credit 2 purchase their home with the ability of not being upside down on their loans. Thus not further exascerbating the housing mess.

The RTC will sustain some economic losses. These losses will be absorbed or portioned out 2 the banks that sold assets 2 the RTC over a period of 30 years. The banks will be assessed their portion of loss
as a percentage of total homes sold 2 the RTC divided by homes sold by that specific institution. (A percentage). The loss could easily B payed over a long term.

The RTC (Gov) would sell long term bonds 2 finance the homes. (currently 3-4%).

Immediate results:
1-Remove an oversupply of homes on the Sales Market
2-create jobs for 50,000 agents.
3-provide rental homes for a tight rental market.
4-create liquidity 2 the banks freeing up hard 2 sell assets.
5-create a market in which institutions could sell SFH assets in the future.
6-stimulate a market (MLS) in which individuals could sell.
7-Free up liquidity in banks for new loans.
8-Mantain housing prices for local gov tax collections.

I'm sure you could add 2 the list!!! ]]> Sat, 10 Jan 2009 14:33:58 -0500
Might I offer, we need 2 stabalize the housing market!!

Remove all the REO homes from the market immediately, All financial institutions are now required 2 sell all REO single family homes 2 a newly formed Resolution Trust II company owned by the GOV. The homes will B purchased from financial institutions at book value or the amount of indebtedness.

The RTC will dispose of these assets in an orderly manner over a period of 5-10 years. The homes will B given 2 Real estate agents in lots of 50 per agent @ 10% commision with the RTC obsorbing operating costs & repairs 20% commision with the agent absorbing the expenses. (IE some formula). The homes would only B sold in stable markets and some with tenants 2 investors or rent 2 own tenants.

This action would immediately cause stabilization of housing prices with an increase in prices as market supply dries up. The average homeowner could now find a buyer with adequate credit 2 purchase their home with the ability of not being upside down on their loans. Thus not further exascerbating the housing mess.

The RTC will sustain some economic losses. These losses will be absorbed or portioned out 2 the banks that sold assets 2 the RTC over a period of 30 years. The banks will be assessed their portion of loss
as a percentage of total homes sold 2 the RTC divided by homes sold by that specific institution. (A percentage). The loss could easily B payed over a long term.

The RTC (Gov) would sell long term bonds 2 finance the homes. (currently 3-4%).

Immediate results:
1-Remove an oversupply of homes on the Sales Market
2-create jobs for 50,000 agents.
3-provide rental homes for a tight rental market.
4-create liquidity 2 the banks freeing up hard 2 sell assets.
5-create a market in which institutions could sell SFH assets in the future.
6-stimulate a market (MLS) in which individuals could sell.
7-Free up liquidity in banks for new loans.
8-Mantain housing prices for local gov tax collections.

I'm sure you could add 2 the list!!! ]]> http://seekingalpha.com/article/112168-the-origin-of-financial-crises?source=feed#comment-351700 351700
The policy makers saw a bubble in housing and tried 2 control it by raising interest rates too quickly. Not a very good way of controling the markets but you would have 2 say mission accomplished Bush & his advisors. But they didn't calculate an ideal Exit strategy & housing which moves our economy has tanked taking everything with it.

But homes R affordable again, just no-one can afford one.]]> Sat, 10 Jan 2009 11:54:14 -0500
The policy makers saw a bubble in housing and tried 2 control it by raising interest rates too quickly. Not a very good way of controling the markets but you would have 2 say mission accomplished Bush & his advisors. But they didn't calculate an ideal Exit strategy & housing which moves our economy has tanked taking everything with it.

But homes R affordable again, just no-one can afford one.]]> http://seekingalpha.com/article/96145-could-the-unthinkable-happen-in-today-s-markets?source=feed#comment-258140 258140
The Trust is solvent short term, long term tese investments WILL pay
off very well!!!!!

Thanks for the openmindedness, its precisely this type of thinking
that will get us out of this mess.]]> Thu, 18 Sep 2008 12:49:00 -0400
The Trust is solvent short term, long term tese investments WILL pay
off very well!!!!!

Thanks for the openmindedness, its precisely this type of thinking
that will get us out of this mess.]]> http://seekingalpha.com/article/95234-alternative-buyers-for-lehman-and-not-just-the-usual-suspects?source=feed#comment-253481 253481
Deep pockets, long term growth/profits. Who fits this mold?????

SOCIAL SECURITY TRUST FUND!!!!!!!!!

Buy these American assets, keep ownership american, keep future profits/growth here. Jobs here. The trust fund is solvent short term
20 years, over the long term future these investment will pay off handsomely.

Buy Lehman, Merrill, AIG, WAMU and watch the future grow.]]> Sat, 13 Sep 2008 13:29:04 -0400
Deep pockets, long term growth/profits. Who fits this mold?????

SOCIAL SECURITY TRUST FUND!!!!!!!!!

Buy these American assets, keep ownership american, keep future profits/growth here. Jobs here. The trust fund is solvent short term
20 years, over the long term future these investment will pay off handsomely.

Buy Lehman, Merrill, AIG, WAMU and watch the future grow.]]> http://seekingalpha.com/article/85036-time-to-exempt-mortgage-securities-from-mark-to-market-rules?source=feed#comment-206154 206154 asset in order to buy them back @ 50 cents on the dollar or less.
Free market society. This is creating a huge profit potential for the ultimate purchaser or these instruments. Yes, some are bad debts
but you need to buy enough to average out the losses.
FMA or some other goverment backed fund should start buying these
instruments from the banks @ face value thus giving the banks liquidity and much needed capital to continue in business. Start regulating the mortgage business again and only purhase conforming fully documented loans. Create this fund in partnership with any institution selling CDO's or MBS into it. 50% government owned with the other 50% split among the selling institutions proportionatly.
All original funds will come from long term bonds issued by the Gov.
for 30 years. Every 5 years audit the fund & access profits or losses
amoungst the owners.
]]> Tue, 15 Jul 2008 13:01:52 -0400 asset in order to buy them back @ 50 cents on the dollar or less.
Free market society. This is creating a huge profit potential for the ultimate purchaser or these instruments. Yes, some are bad debts
but you need to buy enough to average out the losses.
FMA or some other goverment backed fund should start buying these
instruments from the banks @ face value thus giving the banks liquidity and much needed capital to continue in business. Start regulating the mortgage business again and only purhase conforming fully documented loans. Create this fund in partnership with any institution selling CDO's or MBS into it. 50% government owned with the other 50% split among the selling institutions proportionatly.
All original funds will come from long term bonds issued by the Gov.
for 30 years. Every 5 years audit the fund & access profits or losses
amoungst the owners.
]]> http://seekingalpha.com/article/84672-putting-1t-subprime-mortgage-losses-in-perspective?source=feed#comment-203781 203781
2 years ago someone in government convinced the powers that be that the housing bubble (increase in values) needs to be slowed.
The same powers decided that to accomplish the task, they would raise the Fed fund rate from 1% to 5% over a 6 month period thus killing the housing market completely. ( We are all feeling the ripple effect of this decision until today and ????). Mission accomplished.

However there was another way to curb the rise in housing prices and that being the tightening of the mortgages written so freely.
Regulating the mortgage market so as to not lend $$$ to anyone who could walk or talk. This would have accomplished the easing of home prices without causing the economic ripple effect being felt worldwide.

Now we want to raise interest rates again, after lowering them back to 2%. This is not an effective tool anymore in our economic state.
Rates must remain stable for a much longer period of time.
Placing regulations on lenders abusing the system must be stronger.

Oil will remain above $100 as to make investment in alternative sources financially attractive, PERIOD. Get used to it.

Global losses in subprime should not be compared to US housing market alone.

A huge amount of equity has disappeared in the US. The greater question is who owns the equity, (foreign investment is huge & growing). America is not owned by Americans.]]> Sat, 12 Jul 2008 14:58:55 -0400
2 years ago someone in government convinced the powers that be that the housing bubble (increase in values) needs to be slowed.
The same powers decided that to accomplish the task, they would raise the Fed fund rate from 1% to 5% over a 6 month period thus killing the housing market completely. ( We are all feeling the ripple effect of this decision until today and ????). Mission accomplished.

However there was another way to curb the rise in housing prices and that being the tightening of the mortgages written so freely.
Regulating the mortgage market so as to not lend $$$ to anyone who could walk or talk. This would have accomplished the easing of home prices without causing the economic ripple effect being felt worldwide.

Now we want to raise interest rates again, after lowering them back to 2%. This is not an effective tool anymore in our economic state.
Rates must remain stable for a much longer period of time.
Placing regulations on lenders abusing the system must be stronger.

Oil will remain above $100 as to make investment in alternative sources financially attractive, PERIOD. Get used to it.

Global losses in subprime should not be compared to US housing market alone.

A huge amount of equity has disappeared in the US. The greater question is who owns the equity, (foreign investment is huge & growing). America is not owned by Americans.]]> http://seekingalpha.com/article/84642-betting-on-a-banker-s-bank?source=feed#comment-203710 203710
Buy when prices are low and sell when they are high!!!!!! Simple.

All the past real estate buyers of the last 10 years baught from someone who really made a killing selling. The real profits...

Buy stocks (equity) today and you WILL sell them in 2-5 years with
huge gains. This is not hard just discipline.]]> Sat, 12 Jul 2008 12:58:59 -0400
Buy when prices are low and sell when they are high!!!!!! Simple.

All the past real estate buyers of the last 10 years baught from someone who really made a killing selling. The real profits...

Buy stocks (equity) today and you WILL sell them in 2-5 years with
huge gains. This is not hard just discipline.]]>