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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (189873)3/10/2009 3:21:10 PM
From: LazarusRead Replies (1) | Respond to of 306849
 
New Red Flag for Markets: Credit Is Tightening Again

finance.yahoo.com

Houses may be selling for a lot less these days but has anyone tried to buy one with a loan?

MONEY IS VERY DIFFICULT TO BORROW.

Before -- if you had a shit job or no job and no assets you could get money. Today, not matter how good you are it seems like they are trying to figure out how NOT to lend you the money.


A friend of mine recently did a refi on his house and getting the loan was like pulling teeth! This is a guy with 35 years on the job (federal employee) and excellent credit and very stable income stream.



To: geode00 who wrote (189873)3/10/2009 3:32:40 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
"Geithner is on Charlie Rose tonight"

OMG, the blood feeding is on fire.

Hate WS math, the stock went up 300% from the low, and still
lose 50%, oh BROTHER ( stupid lead man brother ).

Anyway, I smell blood, keep it coming, I want my fair share
of blood.



To: geode00 who wrote (189873)3/10/2009 3:49:14 PM
From: stockman_scottRead Replies (3) | Respond to of 306849
 
Geithner Says Obama Will Do ‘What Is Necessary’ to Fix Economy

By Rebecca Christie and Robert Schmidt

March 10 (Bloomberg) -- Treasury Secretary Timothy Geithner said the Obama administration will do “what is necessary” to fix the faltering U.S. economy.

Geithner, speaking in an interview from Washington with Charlie Rose scheduled to air tonight on PBS, also said that Wall Street boards of directors “made things worse” by continuing to pay large bonuses to executives even as banks fell apart.

While the Treasury chief said the U.S. is in a “deepening recession,” he said President Barack Obama will be aggressive in trying to find a solution to end the crisis.

“It is our obligation to clean it up and to fix it,” Geithner said. “We’re going to keep at it.”

To contact the reporter on this story: Rebecca Christie in Washington at Rchristie4@bloomberg.net; Robert Schmidt in Washington at rschmidt5@bloomberg.net.

Last Updated: March 10, 2009 15:21 EDT