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Registered Jul 05, 2007
Malcolm's most recent comments:
- On Tue, 3 Nov 2009, 1:58pm PST
The Banks Are Swamped With Defaults,
wish i was lucky says
I also heard (from an Attorney) that the Banks are bundling many foreclosures and selling say 100 homes to an investor for cents on the dollar.
What I want to know is who are these investors? Are they in colusion with the Banks? Is this a game of some kind - if so what kind of a game?
Are these investors even US citizens? What are their plans in the long run? Since we bailed out the banks - why don’t we have first crack at the homes?
Some investors are hard money brokers who pool funds from individual investors to buy a bundle of foreclosures. These bundles are the last resort for banks who need to raise cash to meet FDIC guidelines.
- On Tue, 27 Oct 2009, 4:03pm PDT
Anyone here remember TOM VU - How to make Money in Real Estate ?,
The Little Guy Lobby says
Did you ever stop and think about how much “business” in this country is really only about people telling other people how to make money. Nothing is ever created, only the same old bullshit. And yet people keep falling for the “you can make millions working from home in your spare time”. Maybe America deserves what it is getting today, since this mentality is so insane.
In business courses, the running joke is more money was made during the gold rush by people selling equipment to prospectors than was actually dug up.
I always liked these informercials, I thought it was funny how effective the whole pimp thing was with all the hot girls around him.
- On Sat, 24 Oct 2009, 2:15pm PDT
Pledge against Socialism,
Oh, and your point is exactly right, a government that doesn't spend its resources on the general welfare but has instead used them for the benefit of the powerful yields this result. Sounds like a more extreme version of our own government but things are going to change now.
It amuses me that people call Obama a Socialist when he has slashed taxes across the board and saved the banking system for the benefit of the private sector. In reality our debate is about distribution of existing resources to projects, which spinoff many more times private economic activity than the original cost.