Latest Comments

• Difficult economic times ahead, CBO warns

  Thu Aug 19, 2010
  • I have expressed comments in previous posts in regards to the unemployment crises we are experiencing in this country. The true unemployment rate in the United States is well over 20% nationally, when seasonal workers and part time workers are counted.

• U.S. bank failures in 2010 surpass 100

  Fri Jul 23, 2010
  • Most major banks in this country are imploding because of loose underwriting guidelines on real estate assets. Making home loans to borrowers with no income verification and no verifiable source of repayment was foolish greed.

• Home sales tumble 5.1 percent in June

  Thu Jul 22, 2010
  • Home prices to continue to fall, real estate values continue to slide and borrowers still can not obtain financing with the strict underwriting guidlines imposed by the conventional lending institutions. And the bad news is yet to come....

• Fed chief focused on keeping recovery alive

  Wed Jul 21, 2010
  • The so called recovery is a myth portrayed by the media and the administrations statistics. Our unemployment rate is sky high, foreclosure rates are at levels never seen before and to make matters worse, the traditional lending community isn't infusing capital into the private sector.

• We're from Wall Street and we're here to help

  Wed Jul 21, 2010
  • There is another way to assist the local economy and infuse investment capital into the maket. Rather than opening a new bank or purchasing the assets of an existing bank, one can create a private placement offering.

• Mortgage volume rises, boosted by low rates

  Wed Jul 21, 2010
  • It’s one thing to know that there is an elephant in the room, but it’s a totally different situation when no one is willing to vocalize that there is an elephant in the room or talk about the problem that it is causing.

• Unemployment rate fell in 39 states in June

  Tue Jul 20, 2010
  • Any rational person who looks at and understands the dynamics of the economy agrees that there has been no measureable recovery taken place. The unemployment rate is well over 10% nationwide and in some states like Michigan the rate is 20% or higher. But these number are NOT accurate.

• Homebuilders less confident in housing market

  Mon Jul 19, 2010
  • Home buliders are feeling the impact of the housing crises because of two important facors: 1. Borrowers are unable to gain access to purchase money from banks due to stringent underwriting guidelines from the banks.

• Economists see recovery, but at a slowing pace

  Mon Jul 19, 2010
  • The united States economy will only recover at a healthy rate when the unemployment rate decreases to levels of 5% or better.

• Goldman to pay $550M to settle fraud charges

  Thu Jul 15, 2010
  • The Goldman issue is all about selling toxic assets to investors. Not only did they mislead the investors, but a fund this size has had a tremendous impact on the real estate industry and the U.S economy. http://www.pitbullmortgageschool.com