Small Business and Mortgage Bailouts Make Banks Nervous
Color Me Skeptical Toward the end of my live trading room Friday (recording is posted by 1ET each day under the access link), I kinda went ‘off’ on how hard this stimulus Disaster Relief bill is to execute – for small businesses, for the mortgage industry, for consumers… On one hand, it looks a little […]
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The Bad News – Mortgage Companies Pricing In Calamity
THIS IS THE STORY YOU MUST WATCH IF YOU CARE ABOUT YOUR CAPITAL!!! Bloomberg: In one of the most dire warnings, real estate investor Tom Barrack said Monday that the U.S. commercial-mortgage market is on the brink of collapse and predicted a “domino effect” of consequences if banks and the government don’t take prompt action to […]