ajtj99's Market Pulse

[jdaasoc]

I heard one economist talk about his proposal giving banks "script" only to be used to make loans rather then current welfare for the bankers.

My gut feeling is that we need to give every renter or real estate owner some sort of script to be used to pay rent if they rent or pay mortgage or taxes if they are real estate owner.

The next big pickle is going to be state governments. I hear CA if hitting up FED for what $7B.

NY and NJ may need close to that each by time this recession plays out.

Back in 2002, I had every regional bank calling me to to lend me money as a small business. I kept telling them that I didn't see a need to morph into real estate speculation as a side business as many other small businesses did at the time.

What easy money scheme follows stock speculation of late 90's and real estate development of early 21st century.