Quite a few people are getting ready to buy, hoping for bargains and future appreciation.
Where will home prices go?
I just read this blog post with many nice graphs, but lacking reality:
The United Corporations of America
Bloomberg SUED the Federal Reserve for refusing to disclose which securities it planned to guarantee for Citigroup and Bank of America. According to the article, Bloomberg hasn’t received a response to the request and arguments are scheduled in court later this month.
I hope that the Cook plan will receive a lot more attention than lame attempts to drum up business like Ms. Freeman's doomed credit card payment "strike." Richard C. Cook worked many years for the Treasury and he just sent his “Bailout for the People: The Cook Plan” to president Obama.
Born in 1929, Peter Dale Scott is an accomplished diplomat, poet, writer, professor, researcher and activist since the 60s.
Scott discusses the preparation for martial law under Reagan and Clinton, the bailout, the economy, the wars, his assessment of the Obama administration and much more. You'd never guess his age listening to this interview.
I'm a week behind, this is the 1/4/09 FIRST Cindy Sheehan "soapbox" radio show with Richard C. Cook explaining the Cook Plan and the bailout for the PEOPLE. Since I've previously posted about it, I won't repeat myself and Richard explains it VERY well in the interview:
I've been around the block a couple times, so I didn't actually have to read the FNMA news release about hardship modifications to know that it will PRIMARILY benefit Fannie Mae.
But when I ran across the December 18, 2008 FNMA news release, I decided to read it and it was exactly what I expected: