Posts Tagged ‘bailout’Companies Compete for Government Cash, Not CustomersThis post first appeared on Minyanville. It’s the government, stupid. As Washington expands its role in managing the day-to-day operations of American business, companies are increasingly turning their strategic focus to tapping federal cash and lending programs. And despite the strings often attached to government money, many are finding that Uncle Sam is the only [...] Keepin’ It Real Estate: Going Green on Uncle Sam’s DimeThis post first appeared on Minyanville. It’s starting to make economic sense to go green. Last summer, with gas prices topping $4 per gallon and commodities of all kinds becoming more expensive, renewable energy advocates thought their day in sun — so to speak — had finally arrived. Investors flocked to industry leaders like First [...] Americans to More Debt: Talk to the HandBy ANDREW JEFFERY This post first appeared on Minyanville. Washington just doesn’t get it: We don’t want more debt. While congressmen berating bank CEOs for their unwillingness to lend out their bailout money makes for a nice media clip, it reflects the growing disconnect between our elected officials and any semblance of reality. Not that [...] Fighting Debt With… Debt?By ANDREW JEFFERY This post first appeared on Minyanville. Our elected officials appear convinced that Americans should buy stuff they don’t need with money they don’t have. The Senate, in passing its version of the over $800 billion economic stimulus package yesterday, threw a great deal of cash at 2 industries whose products we have [...] Crisis in Prime Mortgages on HorizonBy ANDREW JEFFERY This post first appeared on Minyanville. The private sector is actively engaging the mortgage crisis with the first broad-based, systemic attempt to prevent foreclosure. Both Bank of America (BAC) and JPMorgan (JPM) are attempting to help hundreds of thousands of troubled homeowners with massive loan modification efforts. Regulators and bank executives are operating [...] JPMorgan Tackles Troubled MortgagesThis post first appeared on Minyanville. The mortgage bailout parade marches on. Just days after rival Bank of America (BAC) announced plans to modify hundreds of thousands of mortgages, JPMorgan (JPM) released details of a homeowner rescue plan of its own on Friday afternoon. Following its takeover of both Bear Stearns and Washington Mutual, JPMorgan’s inventory of [...] So, You Want to Fix the Housing Market?This post first appeared on Minyanville. Yesterday, I criticized Washington’s $700 billion financial bailout plan for missing the point. It fails to address the root of the problems facing the housing market and, by extension, the rest of the economy: Negative equity or a homeowner owing more on his house than it’s worth. On The [...] Bailout Treats Symptoms, Not DiseaseThis post first appeared on Minyanville and our sister site Dawn Patrol. The bailout is done! Time to breathe a sigh of relief. Or is it? As details emerge about the financial bailout package that was jammed through Congress over 10 days of political theater at its most nauseating, there’s still a striking omission from [...] Housing MisconceptionsThis post first appeared on Minyanville. Washington is currently trying to sell the American public that its $700 billion bailout plan will help put a floor under falling home prices. And while the debate will rage over whether this is a good or bad thing, its not even true. The most beaten down real estate [...] California, New York Lend a Hand to Struggling BorrowersThe real estate and mortgage industries are busy battening down the hatches for the inevitable tidal wave of regulatory reform. Meanwhile, Housingwire.com reports government officials are already hard at work trying to outdo each other as the protector of the “everyday common household victim” of our “national crisis.” Two illustrative examples of regulatory restructuring have [...] |