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  1. M

    Nationwide Tax Revolt Is Coming

    didn't that just go up again?
  2. M

    FDIC Friday - 2009

    last week was quiet, now we have #'s 22 & 23... First Federal Savings and Loan Association of Charleston, Charleston, South Carolina, Acquires All of the Deposits of Cape Fear Bank, Wilmington, North Carolina FOR IMMEDIATE RELEASE April 10, 2009 Media Contact: David Barr (202)...
  3. M

    FDIC Friday - 2009

    #21 from a couple of weeks ago. Been slacking, sorry... SunTrust Bank, Atlanta, Georgia, Receives the Insured Deposits of Omni National Bank, Atlanta, Georgia FOR IMMEDIATE RELEASE March 27, 2009 Media Contact: LaJuan Williams-Dickerson Lwilliams-dickerson@fdic.gov 202-898-3876...
  4. M

    Banks aren't reselling many foreclosed homes

    Who knows? When banks seize these, it could be months before they are even put on the market. Or they try to send them to auction first...then list it if it doesn't sell there. Or it gets packaged up with others and tried to be sold as a larger lot. Or it got pulled off market because...
  5. M

    Banks starting to walk away on foreclosures

    http://www.nytimes.com/2009/03/30/us/30walkaway.html?_r=1&ref=business "City officials and housing advocates here and in cities as varied as Buffalo, Kansas City, Mo., and Jacksonville, Fla., say they are seeing an unsettling development: Banks are quietly declining to take possession of...
  6. M

    Stop paying credit cards. Give yourself a bailout!!

    First off, you stop missing payments, they'll just start calling you. Quite a bit too the longer you wait. After 6 months, it's written off. Credit takes a hit, but nothing ridiculous. Settlements may be offered as well along the way. Calls keep coming. More months pass. Settlements...
  7. M

    HOPE prevents 1 foreclosure in five months!!

    Just went to worthless and no-show type jobs.... Wow. 1. I knew it'd be low. But 1? Should write off that lucky homeowner's mortgage entirely! :D In all due seriousness, some of the issue also applies to people (the homeowners) not doing anything until it's too late...then no one...
  8. M

    FDIC Friday - 2009

    I checked and almost posted yesterday around 4pm that it was going to be quiet now for 2 weeks. Then closing time hit. #'s 18, 19, & 20. --- FDIC Approves the Payout of Insured Deposits of FirstCity Bank, Stockbridge, Georgia FOR IMMEDIATE RELEASE March 20, 2009 Media Contact...
  9. M

    ATMs At Risk

    Lot of the hackers period are from Russia and Eastern Europe. Most of which are looking to cause some kind of harm and/or extort accounts for all they can get from...
  10. M

    Why we haven't hit the bottom: Alt-A and Option ARM Mortgage Resets are coming

    +1. Someone posted a chart on here I can't find at the moment with the amount of 5 & 7-year ARM's that are due to reset soon. It'll essentially be the "next wave" of this mess in 2010, 11, and trailing off into 2012, especially if they reset high enough to be un-affordable like the 1 &...
  11. M

    Obama's Stimulus Bill Explicitly Grants AIG the Legal Right to Give Unlimited Bonuses

    this isn't just for AIG...this is for anyone who received TARP money. But who am I kidding...not like anyone read this when it was rushed through anyway :D Open mouth, insert both feet...
  12. M

    Oh sheet common sense!

    The money standup was brilliant. All that paper isn't going to mean jack if they just keep printing more...
  13. M

    housing sale in nyc, q about 1970s.

    Indeed...well, the town/city wants to keep them up too to get their just property taxes and the like... What I'm sure must be a good 95+% of homeowners don't know is that you can always appeal (and subsequently prove) your assessment if you feel it's lower...
  14. M

    housing sale in nyc, q about 1970s.

    USDC needs a $5K cashier's check written to yourself and then something to fund the 5% DP total...financing there available, but balances are due within 30 days. Otherwise you're SOL. Guy of course didn't do his homework; open houses are available prior to auctions. I've been to a couple...
  15. M

    Depression Equivalent Unemployment Rate Higher Than 17.5%

    ^^+1 many are also known as "functional illiterates"
  16. M

    Economy isnt that bad...poor people still driving mercedes'

    some people have a wack interpretation of reality. My recent fave was Circuit City GYOB....people buying stuff thinking they're getting the deal of a lifetime, even if they can't afford it. When the prices were marked up to begin with, so even at 50% off it's priced roughly the same online...
  17. M

    FDIC Friday - 2009

    How many each week fail? Should put the odds on that in Vegas if not yet. #17 bites the dust. Northeast Georgia Bank, Lavonia, Georgia, Acquires All of the Deposits of Freedom Bank of Georgia, Commerce, Georgia FOR IMMEDIATE RELEASE March 6, 2009 Media Contact: LaJuan...
  18. M

    What do you think will signal the turnaround

    $95 trillion dollars.
  19. M

    1 in 5 home loans in Florida delinquent

    the next batch of states are just beginning to feel the pains that Florida, Cali et Al were starting to feel when all hell started breaking loose... 3-5 years. minimum. Before this even begins to subsidize and tail off.
  20. M

    WSJ: Bill Seeks $500 Billion for FDIC Fund

    May be prepping for the bigger guys...so far the amounts are only a few scant B of what's failed.
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