I proposed a similar solution to state congressmen several weeks ago.
I totally agree that HARP and "pushing" payments into the short-term future is a joke. Everyone must recognize today's reality in terms of home values and get on with SOLVING.
My Proposal:
Step 1. Banks set up a new ...
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Simple [in concept] Difficult to Impossible , because of [my opinion] gutless Politicians--who Obviously do NOT really care, as long as the majority of Voters continue th believe their lies. Call it a "Civilian Draft" or New CCC.... ALL Unemployed to report to nearest Gov. Office, [been/presently/applying ...
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As we all know the housing bubble was caused by falsification of mortgage applications. (no income-no job)I was personally encouraged to falsify income when assiting a friend with their mortgage application. (Canadian banks and mortgage companies did not experience big problems becasue they operated ...
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Dear Ethan Roberts,
Congratulations on initiating this public brainstorm endeavor. Each of your four proposals holds merit.
I want to address Proposal No. 3 -- “Combine the housing problem with the unemployment mess, and try to use one to fix the other” -- which could establish large employment ...
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I am a small town real estate investor with an interesting story. I attend mainly sheriff sales in Indiana and after years of doing this; I have found buying after the sheriff sale ( some states hold these sales on the Court House step.) from the involved banks usually is more productive. Information ...
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When asked, Volcker confirmed the debacle wasn't caused by propriety trading and I defy an example of such. This sets the example, GOVERNMENT at best is inept at resolving our Nations problems, it adds to it. Not unlike prohibition and since, the list will cover 2000 pages of such actions of ineptitude ...
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FEB.5/10 WINNIPEG-MANITOBA-CANADA
DEAR FRIEND'S;
I'M A NOVICE TO ALL THIS -BUT WOULD LIKE TO LEARN
HOW TO BUY AND SELL STOCK'S, ETC.
IF I CAN GET GOOD TOOL'S (DVD'S) TO HELP ME-GREAT!
EVERY NOW AND THEN-STOCK- PRO'S. COME HERE, AND FLOG, ...
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Homes are for sale as gifts to buyers. Banks are holding on to mortgages like an epoxy for steel and concrete. Cosidering they, The Banks and Investment houses and their staffs have made big sums on us the consumer. Their greed and unscruplous tactics have cut the market into a bowl of shredded cross ...
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This is not so much an article but a question? Regarding Bank of America they have been promoting a "keep the change" when you use thier cc they will round up to the nearest dollar. Are they relying on people to be ignorant to the implications. Meaning that they are essentially charging you interest ...
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After the melt down in the stock market, many of the millions of baby boomers who are now retiring (or close to it) are looking for a solid retirement vehicle. After watching their 401(k), or other IRA evaporate, fear and mistrust set in like never before! Many of these boomers pulled their money ...
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The best personal finance tip I ever got was responsible for creating a big part of my wealth. This tip should be part of your personal finance plan if you are wondering how to build wealth. “Gold cometh gladly and in increasing quantity to any man whosoever will put by not less than one-tenth ...
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Dear readers, I am sure the inflammatory article written by Bob De Dea, 'Inherent problems with inheritance tax', will have invoked a reaction from many readers of the Tycoon report. I do not normally react to opinions or ideas but this article was so outrageous that I feel compelled to respond. ...
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Some time in our lives we will all have a traffic “accident” where the vehicle is still drivable. I say “accident” because there are really very few accidents. I call them collisions because every time one happens it’s caused by one of the drivers breaking one or more traffic laws. And this ...
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In the book of revelations, the pale horse, the 4th horse, in the greek the word used actuly means green or greenish, the 4 horse are movements, the 1st movement was the white horse in, the word white in the greek means light, and he goes forth concouring and to concour, when christ was crucified he ...
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We need a flat rate tax for everyone. To keep some degree of progressive tax, set the basic deduction at the poverty level and adjust annually. If you can't support yourself you can't support your government. A flat rate as needed for the first $100,000. after your deduction Add an additional ...
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