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montanamark

montanamark
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  • Don Brownstein has an idea for solving the foreclosure crisis: Turn them all into rentals. He says foreclosing imposes unnecessary costs on both homeowners and mortgage servicers, which we can avoid by just renting the house back rather than evicting. Can you picture Jamie Dimon as Mr. Furley?  [View news story]
    money.cnn.com/2011/06/...
    Jun 15, 2011. 06:38 PM | 1 Like Like |Link to Comment
  • Don Brownstein has an idea for solving the foreclosure crisis: Turn them all into rentals. He says foreclosing imposes unnecessary costs on both homeowners and mortgage servicers, which we can avoid by just renting the house back rather than evicting. Can you picture Jamie Dimon as Mr. Furley?  [View news story]
    ed - one other thing; studies of credit reveal that the majority of people if they have to make a choice, stay current on their credit cards over the mortgage. i will try and find the link for you

    heres another www.irvinehousingblog..../
    Jun 15, 2011. 06:32 PM | 1 Like Like |Link to Comment
  • Don Brownstein has an idea for solving the foreclosure crisis: Turn them all into rentals. He says foreclosing imposes unnecessary costs on both homeowners and mortgage servicers, which we can avoid by just renting the house back rather than evicting. Can you picture Jamie Dimon as Mr. Furley?  [View news story]
    i know of a number of people who are living in million $+ homes and havent made a mortgage payment for more than a year w/o foreclosure. ever wonder why ipad sales and other retail are doing well? life goes easier when you dont have to pay rent or a mortgage
    Jun 15, 2011. 06:31 PM | 2 Likes Like |Link to Comment
  • Don Brownstein has an idea for solving the foreclosure crisis: Turn them all into rentals. He says foreclosing imposes unnecessary costs on both homeowners and mortgage servicers, which we can avoid by just renting the house back rather than evicting. Can you picture Jamie Dimon as Mr. Furley?  [View news story]
    I've seen several studies/estimates on the wealth effect on the economy from people who are living rent free in their homes and not paying mortgages. can;t immediately find the $70-75 billion est., but here is a similar story from zerohedge - squattershttp://zerohedge.com/article/...
    Jun 15, 2011. 06:29 PM | 1 Like Like |Link to Comment
  • The economy is at a "tipping point," with a "substantial" probability the U.S. could lurch again into recession, Robert Shiller says. The economy, now "immune to Keynesian crack," has deteriorated to the point where "when the demand isn't there, you can lower interest rates all the way to zero and people are still not willing to spend."  [View news story]
    when did we leave the recession???

    does he mean w/o pomo & the artificial fed programs we would be no where
    Jun 15, 2011. 06:22 PM | 3 Likes Like |Link to Comment
  • Don Brownstein has an idea for solving the foreclosure crisis: Turn them all into rentals. He says foreclosing imposes unnecessary costs on both homeowners and mortgage servicers, which we can avoid by just renting the house back rather than evicting. Can you picture Jamie Dimon as Mr. Furley?  [View news story]
    really? what happens to the billions of toxic paper? just magically disappears? what about the borrower defaults - wiped clean? what about the phony balance sheets? what about the fed balance sheet loaded with toxic crap?
    on yeah - people need jobs and income to pay rent. approx $77 billion a year in unpaid mortgage/free rent exists now.
    Jun 15, 2011. 05:58 PM | 2 Likes Like |Link to Comment
  • A formula may be taking shape around which budget negotiators could agree to a package that would both raise the debt ceiling and cut the deficit: $3 of spending cuts for every $1 of revenue increases. When Rep. Eric Cantor was asked if he would sign up for such a deal, he didn't say yes... but he didn't say no either.  [View news story]
    the CNN website doesnt mention the story - they do cover palin emails
    www.cnn.com/
    Jun 15, 2011. 05:54 PM | 2 Likes Like |Link to Comment
  • A formula may be taking shape around which budget negotiators could agree to a package that would both raise the debt ceiling and cut the deficit: $3 of spending cuts for every $1 of revenue increases. When Rep. Eric Cantor was asked if he would sign up for such a deal, he didn't say yes... but he didn't say no either.  [View news story]
    remember the 1000 front page NYT stories on abu ghraib and constant attacks on Bush (war criminal, idiot etc) that lasted for years.
    where was CNN the past 3 mo s?
    Bush had UN and congressional approval for iraq and many well known libs touted WMD and need to attack.
    wheres CNN on the treas raiding of fed pensions? where are they on the 45 mil americans on food stamps?
    Jun 15, 2011. 05:49 PM | 2 Likes Like |Link to Comment
  • Felix Salmon ponders the state of Wall Street nearly three years after the collapse of Lehman Brothers: “The ingredients that spelled disaster were simple: bigness, interconnectedness, and profitability... As of now, not only have we failed to fix these three problems, but we’ve made them all worse.”  [View news story]
    agree. the state? - bigger, more corrupt and more addicted to government support at taxpayer expense
    Jun 15, 2011. 05:44 PM | Likes Like |Link to Comment
  • Finisar (FNSR) -15.5% AH following its report of weak Q4 sales and a disappointing outlook for next quarter.  [View news story]
    blame it on greece

    i m sure its transitory
    Jun 15, 2011. 05:19 PM | Likes Like |Link to Comment
  • A formula may be taking shape around which budget negotiators could agree to a package that would both raise the debt ceiling and cut the deficit: $3 of spending cuts for every $1 of revenue increases. When Rep. Eric Cantor was asked if he would sign up for such a deal, he didn't say yes... but he didn't say no either.  [View news story]
    repeating dem cliches and talking point wont help. why would anyone give one more cent to the politicans who have BK d america

    remember obamas promise to end the iraq war the day he took office?
    obama has started a new war and expanded into other areas like yemen.
    Jun 15, 2011. 05:18 PM | 3 Likes Like |Link to Comment
  • A formula may be taking shape around which budget negotiators could agree to a package that would both raise the debt ceiling and cut the deficit: $3 of spending cuts for every $1 of revenue increases. When Rep. Eric Cantor was asked if he would sign up for such a deal, he didn't say yes... but he didn't say no either.  [View news story]
    good one - start blaming reagan - soros colorbook; just say no to the koolaid

    did you notice the MSM ignoring the lawsuit against obama for the illegal libya war or the huge wisconsin victory over the union
    Jun 15, 2011. 05:16 PM | 2 Likes Like |Link to Comment
  • On the hour: S&P +0.02%. 10-yr +0.96%. Euro -1.82% vs. dollar. Crude +0.57% to $95.35. Gold +0.37% to $1531.80.  [View news story]
    what? no P pump update
    Jun 15, 2011. 05:01 PM | Likes Like |Link to Comment
  • A formula may be taking shape around which budget negotiators could agree to a package that would both raise the debt ceiling and cut the deficit: $3 of spending cuts for every $1 of revenue increases. When Rep. Eric Cantor was asked if he would sign up for such a deal, he didn't say yes... but he didn't say no either.  [View news story]
    ask biden - we have to spend $ to get out of debt; first raise the spending, then dont spend as much and claim that you've actually cut
    obamamath
    Jun 15, 2011. 04:59 PM | 4 Likes Like |Link to Comment
  • Breaking with leadership, Democratic House Reps Loretta Sanchez and Jared Polis say they're in favor of a repatriation holiday, allowing corporations to bring foreign profits home without provisions for job creation. "You should be able to spend your money how you want to use your money,” Sanchez says.  [View news story]
    as long as it goes to obama approved projects.

    hey wheres the AP story on P closing on the lows
    Jun 15, 2011. 04:57 PM | 1 Like Like |Link to Comment
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