Pickle Real Estate

Reading Between the Head-Lines

AARP: Older Borrowers Behind on Mortgages Too

2008-09-19thetruthaboutmortgage.com

 ”So the AARP released a “first-of-its-kind” study that reveals older homeowners are not exempt from the ongoing mortgage crisis, significant considering the home is a nest egg for most.”

Full Article Here

September 19, 2008 Posted by | Foreclosure, Investments, Lending, Stats | Leave a Comment

Will the Government Own Your Home?

2008-09-19cnbc.com

 ”Even the insiders I’m talking to, who know far more than I do, and who will be at the table, are answering my questions with: “Honestly, I’m just not sure.”

Full Article Here

September 19, 2008 Posted by | Banking, Foreclosure, Investments, Lending, Stats | Leave a Comment

Privatizing Profits and Socializing Losses: How the Rich are Staying Rich

2008-09-19wordpress.com 

We pay taxes – and not on our “profits” mind you – We pay taxes on the money we use to buy food, fuel, clothes for our kids, and everything else we have to fork out to get by every month. They want Us to pay for it. When I think about that I forget to breath for a minute. The don’t just want us to pay for it, they are making us pay for it, and we will pay for generations to come.

Paulson and Bernanke are asking for a Blank Check to bailout people who had profited from the lax oversight and underwriting for years – and Pelosi Purse-strings has pledged to roll over on anything and push a bill through hastily, so they can all go home for a long vacation. Congress probably will not even read it. You know they are not writing it, they will leave that to the lawyers and Corporate Lobbyists – you know, the “Experts.”

Full Article Here

September 19, 2008 Posted by | Banking, Foreclosure, Investments, Lending | Leave a Comment

   

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