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This
will be the final nail in the coffin of the US Mortgage and Housing
Industry. The Fed has set it up whereby only the Big 4 Banks will
be
doing mortgage loans period.
They have run all the independent brokers out of business and have
increased the cost of mortgage loans in every aspect (appraisals have
almost doubled in cost in the last three years). The sad part of
this
is it was FANNIE and FREDDIE as well as the banks [and Dems in
Congress, and Bill Clinton] that caused the crash
to begin with and this Administration is rewarding the banks for that
effort while driving millions of small business owners and their
support personnel out of business. This was the only on-shore
home
grown US industry and you will have seen it's destruction in the last
three years. Please view the video below.
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The
video is a bit histrionic, but then this is their
livelihood.
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cuzzin
ricky
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Let's see, ever increasing numbers of unemployed or underemployed people esp. men...who are armed. Nothing to worry about, move along.
ReplyDeleteOnly one word to save their profession that Master O would like, unionize.
ReplyDeleterighty gomez
...and the NYSE is being purchased by the Deutsche Boerse. Any more good news?
ReplyDeleterighty gomez
It's actually very bad news.
ReplyDeleteWhen Bundespost bought up DHL, they gutted it in order to subsidize themselves in Germany.
Any German employer is required by law to do this ... if they can prove an overseas action cause a German to get laid off, the corp officers go to prison.
Expect the NYSE to be gutted to prop up the German organization.
FYI T mobile is owned by the Bundespost. Buy cell phone service elsewhere, is my recommendation.
ReplyDeleteEnjoy your T-Mobile service while it lasts.
ReplyDelete