All bets appear to be off. Clearly there has been a huge changing of the guard. The president’s budget seeks to raise $318 billion over the next decade the value of itemized tax deductions for the wealthy (or least as they define wealthy) — including interest paid on home mortgages, which was heretofore deemed untouchable.
The […]

You may have noticed. Recently, we have been sitting on the sidelines, and resisted putting up a post, and for good reason.
First, stories regarding real estate, and the economic catastrophe we are experiencing, have been so over saturated and so over reported,  I’m just not sure what value we could have added for you. But most importantly, we have […]

Less than two weeks ago we posted a mind-boggling article to this Blog that outlined some $4.28 Trillion Dollars that the government was estimated to fork over, to overt a complete financial meltdown.
Incredibly today, Bloomberg News has updated and calculated that new rescue number to be a wopping  $7.4 Trillion Dollars!!!
So here is the multi-trillion dollar question: What will our […]

Act III: The Final 2008 Financial Bailout Act (It is law!) >> In a 263-171 vote, the U.S. House of Representative today, October 3, 2008, approved a massive spending plan — voted down in an earlier form Monday (9.29.08) – that will supply hundreds of billions of dollars in a federal effort to ease the credit squeeze […]