Real Estate and the Banking Industry......

Good morning from the front porch....writing this while viewing the ocean from the front porch...on the Santa Rosa Plateau.....

6

2

To Pool or Not To Pool

In light of the tragic Ponzi scheme perpetrated by Bernard Madoff, it's time to revisit the wisdom of investments in which each individual's funds are "pooled" into oceans of cash that slosh hither and yon with nary a control by the original investors.

0

0

More proof that Wall Street is feeding the public a lot of Oscar Meyer's favorite sandwich meat. Enjoy.

0

0

With foreclosures still climbing and every major bank still underwater on their balance sheets, why are the investors happy? Is it because the Fed has made it clear that everyone is going to get bailed out? I don't see why everyone is so excited.

0

0

A clip from a Bank of America press release:

0

0

With a wave of people losing their homes, lenders are considering whether to auction off properties for less than what they're owed.

1

1