Category: Mortgage Originations

Where are Principled Sextant, the Astrolabe, the Compass All?

Sadly, as is, the course in Washington today, the President, Congress and Ben Benanke have all but charted (intentionally …or otherwise) one which has taken America to sail into heretofore, uncharted waters …now sailing away (dead reckoning …as it were) without the guide and principled aids of navigation’s more reliable, well-founded, forms of reliant checks and prudent navigational measures.

Unstable waters? Questionably one trifle which begs for a measure of compare? For without measure, these are likely anything but calm waters.

Egging the Right to Private Ownership

Egging the Right to Private Ownership

In regard to private ownership; it really doesn’t much matter as to which came first; whether it was the chicken or the egg.

Likewise, jobs or housing …both questions are equally mute arguments.

But what does matter …especially going into the 2012 general election is the concept and principals that support and encourage an individual’s freedom to responsibly exercise their rights to private ownership. Notice the careful use of the word “…responsibly.”

And more specifically, at the very crux of this composition …there must be at the epicenter, an equally responsible body politic …long gone missing.

Never Kick A Dog When He’s Down!

  First Published:   September 4th, 2011  Edited 2nd Revision:   September 10th, 2011 Related News Releases on This Subject: New York Times – Business Day Federal Regulators Sue Big […]

Field of Dreams – Build It & They Will Come

Field of Dreams

Build it And They Will Come

In light of Japan’s lost decade, why America would be inclined to invite the same?

Yet, moving away from the 08 burst of the housing bubble, what hope is there which would, could …and or should offer Americans any more reasonable hope that is tending to suggest that Washington hasn’t already opened the door to usher in another similar black-hole decade?

Who in their right mind would want to slog through another seven years …like those of the first three ….let alone suffer all the lost opportunity costs like those which Japan paid for in the darkness of Her recent past period.

In the wake of past three years of finger pointing, back biting and in-fighting …with each and every passing minute of every day …of each passing weeks and month, America must …at some point in time; get out of the bed and put both feet on the ground.

It has been bad enough to realize that America had been asleep as the housing bubble built the environment for what turned out to make for the perfect storm.

The Fed’s New AAA = BOA’s New Balance Sheet Tool

Here’s a novel organic idea for the Federal Reserve Chairman today …one which dose not rely on printed …or borrowed money to craft ..draft …implement and execute.
Actually, after thinking of this for a while …I think this monumental idea has more to offer the banking industry …Bank of America for one …above all.
I say so, because bank of America is scrambling about …trying to raise capital at a time when cash is king.
And if there ever was a cash generator, this idea has huge potential to rock and roll …recapitalizing an anemic sector like gang busters …like the Dallas Cheerleaders at halftime.
Shoot, I bet Timothy Geithner could figure a way to securitize and market this idea’s exotic specialized product’s potential.

Bring back the exotic specialized products division …in safety …with an eye …whose oversight measures actually support honest home ownership.

Capital!

What is this idea?

Offer increment interest- breaks as incentives to home buyers as a measure and form according to the skin they bring to the table at closing.

In other words “…Skin for A Time Out.”

More skin would translate to a greater “…more time out” period.

S&P Grade; Looking A Gift Horse In The Mouth

Friday evening, I was reading and listening to as many media resources …such as I could get my hands on …so as to get a grasp on the various media takes on the recent S&P downgrade of America’s Credit.

My take away from the deluge of the various news agencies offered me a unique and insightful view on number of wide-ranging variety of takes on this news moving forward.

After learning of this event; this is what I believe I found out in my approach to the media’s window

The TAX/SPEND or Cut Conundrum?

The Chicken or the Egg Conundrum

As Washington plays CHICKEN WITH AMERICA’S ECONOMY …there’s something missing in the national conversations these days …something more than common sense. Sad to say; that’s a given.

Sadly, that’s also a given which has been politically fostered, channeled and has also been allowed to grow and fester to become a spirit whose source of angst and arguer has created so much frustration and uncertainty …more so than jobs and that which has translated to housing sales.

So, I’d like to add something here which adds more to and along the lines of a question …one which is become hung-up …merely contemplating; “…Which came first, the chicken or the egg?”.

In this regard, I would venture to say that the truth is that Washington is pretty much preoccupied with a truth which …by itself, has revolved around the President’s pre-electioneering speech this last Wednesday …as much …if not more so …the influential conversations in Washington which have been so centered around taxes, revenue, the deficit, and spending and spending cuts.

The adage applies; those who are so wrapped up with themselves make for a small package.

Go figure! It is a multidimensional complex world; isn’t it?

Irrespective of just how much of a part of the needed conversation as these still-unresolved issues are; in the midst of these issues’ conversations’ arguments …there are core-central priorities whose issues are more complex than those like the irreconcilable chicken/egg conundrum.

All anyone with half a brain knows that this conundrum has yet to be resolved.

That’s what it was …what it is …and what it will be.

What I am saying is; it should be abundantly clear that jobs, employment and housing are America’s core golden geese which lay the golden eggs that develop tax revenue as well as GDP.

So, why is Washington so preoccupied in making meager forays into these do-nothing conundrums …Photo Opps and pre-electioneering not withstanding.

Heavy lifting is where it’s at baby; as much as is …arguing over how many angels can dance upon the head of a needle.

Action Jackson. Leave the rhetoric for the nuns …and the nannies.

Thread the eye of a needle …and you can enter into a simpler …more productive opportunity …immediately …as in right now!

Until then …the truth of the Pre-election mantra of “Yes we can.” …will remain; “No, you can’t …haven’t …and won’t …until you demonstrate than you do.”

All else is meaningless lip-service.

Ax the Home Mortgage Interest Deduction?

Stimulation vs. Depression

One moment it’s stimulate; the next it’s depress.

So what’s next; more uncertainty?

That would be good for housing and employment now, wouldn’t it?

CNBC; you can’t seem to make a consistent supportive call toward private sector solution in many of your segments …”The Call” not withstanding ….at least not in one viable practical solution which validly is capable to consider that which promotes the rights of the individual over and above the needs of the state …our Beggar and Beggar-like …Big Brother.

Which came first; the individual or Big Brother?

Read the constitution if you can’t answer this without hesitation.

I don’t know; but, the last time I checked …the government was ordained and establish to serve the needs of the individual …and not vice versa.

I know! I’ve lived in a few countries where the worker served the state …mostly without a single shred of private incentive.

CNBC, since when did the servant become the lord here?

Make no mistake about it; I do not work or live to serve you either!

Likewise, in your discussion of: Tax Incentives & Reward vs. Tax Penalties …I have to ask; …where is the slightest mention of the private incentives’ side of you conversation gone hidden?

Me rather thinks that you have deliberately, blindly …or otherwise stuffed this more meaningful other side of the discussion into a little black box and carefully placed it in the back of a dimly lit room?

Hmm?

Make no mistake …the answer which serves the private sector a better solution …most certainly does not lie in the public solution.

But in as far as …so much potential as the private side of the equation has …why have the other (still bigger government and its needs) so swamped out the interests of “…We the People …?”

Why then has this lop-sided conversation’s considerations continued unchecked along such detrimental lines?

So, rather than continue to be blind-sided; I must ask ….

So, who’s on your side? Who’s got your back? Whose interests are being served here in this lop-sided discussion?

What’s to loose?

The rights of the individual …or the needs of a failed ,,,self-serving government hell-bent on establishing and moving forward a socially engineered new liberal order?

Huh?

To America, in regard to Her …The Deficit Commission …I say;

Beware, do not become the administration’s next …

New Whipping Boys …the next one gone up …given upon the Chopping Block …much without so much a consideration of what actually works to move freedom forward efficiently …alas; the demise and power of private enterprise …up in smoke.

For an example of the impact of taxation; see the causes of “The Great Depression.”