The Fox Has Been in the Hen House and Still Is

It seems the fox has been in the real estate house for a long time.

Now, after all the damage in real estate we are looking at bailing the fox out.

While on the hens are suffering, lost their hen house, the fox get a nice retirement check with a bonus and the rest of them are still out there targeting the hens.

Just a little memory of mine back in the day when reading children's books and yet oh so true today.

I've read blogs where agents feel sorry for the banks and make excuses for their delays in replying to offers on homes for sale. 

Sorry, I don't feel sorry for the banks. I don't feel sorry for wall-street and I don't feel sorry for the CEO's who made a killing on this disaster we have in the economy.

With banks holding back foreclosures from hitting the market hoping for values to go up, this only proves even more so that they don't have a clue. Prices are not going to go up...h e l l o!

Let me ask you something...if you were suddenly made the CEO of an automotive supply company and you knew nothing about automotive supplies, would you thrust yourself into pretending that you have the knowledge to run your new company or would you hire the best there is in the business to run your company that knows about automotive supplies?

The banks know nothing about real estate and how to sell houses. Yet, they have thrust themselves into assuming that they do and they are making a mess of it by:

• Not responding to offers
• Not renegotiating loans
• Distributing REO properties to agents in such numbers that they can't handle them properly
• Opening up escrow out of State
• Not responding in a timely manner on offers
• Holding back foreclosures
• Plus a whole lot more

Do you think the banks should hire real estate brokers to handle these REO's and get them moved quickly and take them out of the hands of the banks? Do you think the government should be listening to top financial authority figures in each of the colleges and those who are held in high esteem?

Or do you think the banks are doing a great job and Congress knows everything about how to solve the economic issues that we have today?

We talk about how the American public is in debt and yet we have a President who gave money back to the public in hopes that they would go out and spend. What kind of message are we constantly giving?

What are your thoughts on the bailout and do you think it will indeed solve the problems? Do you think we are in this for a decade or do you see a fast recovery?

Brian Brady, referenced the video below which I thought I would share with you. It indicates how back in 2004 Congress was aware of the Freddie and Fannie Mae disaster. Regulations was called for and was simply ignored. It's worth the watch and to remember when those politicians come up for vote, that you remember how your money was handled. I realize that at this point blaming will not solve the problem that we are currently in but it is important to be aware if you aren't already.  Thanks Brian, for the link.

Although it is time to get past the name blame but be cognizant of who some of the players were, I personally would like to know what this bailout language says...wouldn't you? Do you care what your Representatives are voting on? Leadership (using the term loosely), needs to address the American public in my opinion, and spell out exactly what is in this bailout besides just the dollar amount, in my opinion.