Wall Street Breakfast: Must-Know News [View article]
I never said, I wanted more laws and regulations. All I asked is that they step up and saying that there is a problem, buyer beware, there is excessive turnover in housing, etc. As for fannie mae and fannie mac, advise them that there were minimum standards regardless of income level and minority status. Now they are demanding tighter standards on one hand and threatening lenders that they are giving enough low income people mortgages on the other hand. Duh!!
Wall Street Breakfast: Must-Know News [View article]
Why didn't HUD and other government agencies warn people about the housing bubble? Why didn't the government start tightening lending standards before the bubble burst? Why were fannie mae and fannie mac allowed to keep buying sub-prime mortgages even after it was apparent to most that there was a bubble?
I tried to warn my clients that were flipping property that the bubble would burst and many would be caught holding properties with large mortgages that were suddenly worth less than the mortgages. Too many would not listen and suffered the consequences.
Wall Street Breakfast: Must-Know News [View article]
The comment on the unemployment rate states that if 125,000 jobs are added that the rate would still remain at 8.3%. However, the government states that jobs rose by less than 100K but the rate is not 8.1%. Who is lying? I suspect the current administration as I believe the real rate is over 10%.
High Yield Stocks Are Critical For Successful Retirement Investment [View article]
Except for their rise in price, you would have excluded ABT and KMB. That makes no sense at all. Let us decide if the 4% yield is worth the additional risk, if any.
Wall Street Breakfast: Must-Know News [View article]
First I do not own any shares of HP. I don't like their products. However, perhaps some of their problems stem from failing to lay off people incrementally over the past several years. I doubt that union employees were willing to accept a few dollars an hour less so that there would be no layoffs. You want the shareholders to take all the risk. Have they not already lost a lot with the shares tanking? With the announcement of the layoffs, some hope the company may be saved.
India's Secret Weapon in its Economic Race With China: Demographics [View article]
I enjoyed the article and many of the comments. I have never been to India but personally know a fairly large number of immigrants. In such a large population there are a huge number of very intelligent people who have taken advantage of what education that is available. They are very competive anywhere in the world. The same applies to the PRC. I spent two years in TaiWan and was very impressed with the people mostly from mainland China or the children of mainland Chinese. Both the PRC and India have many problems. The PRC allows limited freedom for business and may change their position as new regimes come into power or threaten the power of the current regime. Both countries are extremely bureaucratic and corrupt. Neither is really a melting pot of their ethnic and religious groups. The caste system is very powerful especially in rual areas. The Chinese has a better education system with access to a greater percentage of the populaton than India. On a personal level I like people from both countries. However, I am more concerned about the China than India. India's people are too divided. Their touted law is corrupt to the core and bureaucratic. The outcome of law is other more based on the power of the individual and his/her family's power than the facts of the case. More and more people from Asia and their descendants are achieving economic and political power in the U.S. I believe this trend will contince until the children become more tainted by the progressive elements in the U.S. Look at who has best success in our science fairs and take the difficult science and mathematic courses in college. I note that a fair number of immigrants are returning to their home countries after suceeding in the U.S. They now see better opportunities in their home country.
The Foreclosure Mess: We All Need to Calm Down [View article]
The bank is a representative of the trust through which these notes were split up. The bank will not keep the proceeds of the sale when the property is finally sold to someone else. Remember, those who signed the note and mortgage got value from the bank, some walked away with a lot of money in a refinance. They, the foreclosed homeowners, make a bad investment and should bear the consequences.
Like many homeowners, I am underwater, but I intend to live in my home for the rest of my life. I am not going to stiff the lender for my mistake. No one took advantage of my. Too many underwater homeowners stopped making mortgage payments even though they could afford them. Now under this foreclosure mess with the government stepping into a private contract where it doesn't belong, these people live free for months and even years while the bank's and investor's capital is tied up. When the foreclosure ends, they cannot recover but a portion of the investment as prices have declined ever without the destruction to the premises by former homeowners to punish others for their own mistake. So, aren't those who signed the notes and mortgages and then dishonored their obligations the bad guys?
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
I tried to warn my clients that were flipping property that the bubble would burst and many would be caught holding properties with large mortgages that were suddenly worth less than the mortgages. Too many would not listen and suffered the consequences.
Wall Street Breakfast: Must-Know News [View article]
Unveiling The Value Of Vale [View article]
High Yield Stocks Are Critical For Successful Retirement Investment [View article]
Wall Street Breakfast: Must-Know News [View article]
India's Secret Weapon in its Economic Race With China: Demographics [View article]
The Foreclosure Mess: We All Need to Calm Down [View article]
Like many homeowners, I am underwater, but I intend to live in my home for the rest of my life. I am not going to stiff the lender for my mistake. No one took advantage of my. Too many underwater homeowners stopped making mortgage payments even though they could afford them. Now under this foreclosure mess with the government stepping into a private contract where it doesn't belong, these people live free for months and even years while the bank's and investor's capital is tied up. When the foreclosure ends, they cannot recover but a portion of the investment as prices have declined ever without the destruction to the premises by former homeowners to punish others for their own mistake. So, aren't those who signed the notes and mortgages and then dishonored their obligations the bad guys?