Today I was invited to attend a home buying seminar for some folks in Tyler Texas. The general consensus was if the administration is putting all this money into the Banks and such, why are loans so hard to get? Why are property values still dropping in parts of the country? Followed by why didn't they take the money to the people instead of the big Banks and Automakers?
I had no answer.... NONE!
With the money the administration has put up for the Banks and Car companies a check for $7500.00 to each and every 300 million man, woman and child, in the country could be written. That's $30,000.00 for a family of four.
House payments would have been caught up, cars would sell and the economy would have been fixed over night.
SO NO, I can't answer those questions, the administration is just way to smart for me!
None of that 'Sis'-sy Stuff
Are you tired of those
sissy 'friendship' poems
that always sound good,
but never actually come close
to reality?
Well, here is a series of promises that actually speak of
True Friendship.
You WON'T see
cutesy little smiley faces
on this card-
Just the stone cold truth
of our great friendship.
1. When you are sad,
I will jump on the person
who made you sad
like a spider monkey
jacked up on Mountain Dew!!!
2. When you are blue,
I will try to dislodge
whatever is choking you.
3. When you smile,
I will know you are
plotting something
that I must be involved in.
4. When you're scared,
we will high tail it out of here.
5. When you are worried,
I will tell you horrible stories about how much w orse
it could be until you
quit whining, ya big baby!!!!
6. When you are confused,
I will use little words.
7. When you are sick,
Stay away from me
until you are well again.
I don't want whatever you have.
8. When you fall,
I'll pick you up
and dust you off--
After I laugh my rear off!!
9. This is my oath...
I pledge it to the end.
'Why?' you may ask;
-- because you are my FRIEND!
***********************
Friendship is like peeing your pants,
everyone can see it,
but only YOU
can feel the
true warmth.
**********************
This was sent to me by a good friend(I thought)!
Now estimates put our exposure at 23.7 Trillion dollars. Yet homes prices continue to plunge and the administration continues to blame and over commit.
Tarp in its present form will put all income under the 100% control of a centralized, socialized government.
The latest from fox news:
The total price tag for federal support stemming from the financial crisis could reach $23.7 trillion in the long run, the government's top bailout watchdog says in a new report to Congress.
Neil Barofsky, the inspector general for the Troubled Asset Relief Program, plans to deliver his report Tuesday to the House Oversight and Government Reform Committee.
The $23.7 trillion figure is admittedly a high-ball number and reflects the total potential gross exposure, but Barofsky in his prepared testimony notes that the TARP -- which started as a $700 billion bailout -- has expanded well beyond that.
"TARP has evolved into a program of unprecedented scope, scale and complexity. Moreover, TARP does not function in a vacuum but is rather part of the broader government efforts to stabilize the financial system," the report says.
"The total potential federal government support could reach up to $23.7 trillion," the report estimates, factoring in commitments from "dozens of programs" implemented throughout the federal government since 2007.
In supporting documentation obtained by FOXNews.com, the inspector general's office explains that the $23.7 trillion spans about 50 "initiatives or programs" created by federal agencies in the wake of the economic crisis.
The estimate covers commitments that could come from programs at the Federal Reserve, Treasury Department, Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Federal Housing Administration, the Department of Veterans Affairs and other agencies.
It notes that the total "financial exposure" of TARP and related programs alone could reach $3 trillion.
While not a firm or official figure, the estimate has the potential to send lawmakers into sticker shock.
"The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable," Rep. Darrell Issa, ranking Republican on the oversight committee, said in a written statement. "If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion -- $23.7 trillion is a staggering figure."
In the report, Barofsky also says that the Treasury Department has "repeatedly failed" to adopt recommendations that his office believes will bring more transparency and accountability to the execution of the bailout.
The administration is taking advantage of a weak populace and the ability to place blame on a previous administration to ram a socialist agenda right down our throats.
Tom Watson is atop the leader board at the British open and I for one, love it. Now, don't miss understand, I don't think he will win it, but I can dream. If any of the old fellows has a chance, it would have to be Tom. He plays well at the Open and is loved by the locals.
So, here's to Tom Watson, may your old legs carry you to victory and history.
Thanks for the memories, Tom.
The market seems to be heating up, along with the temperature here in East Texas. We are beginning to see more buyers in the market. The problem remains, loan underwriting and appraisals. We have inventory and we have buyers, the government says we have money. We are having a hell of a time getting money in the hands of buyers. More and more it seems like loan underwriters are trying to decline a loan instead of approve it. In the Tyler area of east Texas we are turning to local lenders and having better results.
The big fellows that have dominated the industry for years are to hard to deal with and the local bankers seem to be listening more now than in the past. Sure, they don't buy everything, but what they will buy, gets done light years faster than the big boys who took government aid.
Keller Williams Tyler has you, the Real Estate pro in mind. Call or come by and see us. We can show you what it's like to have a broker that "works for you", for a change! At KW, your the boss!
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