Economic Discourse - Latest Comments

Re: Tenants Get the Short End of the Foreclosure Stick

Tony Orlando — Tue, 07 Apr 2009 00:00:44 -0000

Just wanted to say HI. I found your blog a few days ago on Technorati and have been reading it over the past few days.

Re: Thornburg Mortgage Considers Bankruptcy

Jason Elder — Fri, 27 Mar 2009 01:34:19 -0000

Excellent Blog. I've been reading along and just wanted to say hi. I will be reading more of your posts in the future.

- Jason.

Re: B of A Prepared Merrill Accounts, Commercial Property Black Hole, Citi’s $10m Suite

Allen Taylor — Thu, 19 Mar 2009 23:15:15 -0000

Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

Re: Weekend Links - Killing the Dow, Rise in Counterfeit Money

Susan Kishner — Sun, 08 Mar 2009 18:51:05 -0000

Thanks for posting the article, was certainly a great read!

Re: RBS May Abandon Global Operations, The Fed’s Moral Hazard, Wealthy Private Investors

Domz — Fri, 06 Mar 2009 18:09:18 -0000

Hey, that looks very interesting!

Re: The Psychology of Trading - Pt. 1

Howard Silver — Thu, 05 Mar 2009 09:57:15 -0000

Hi Andrew- Makes for a great read....Interesting insight.... Keep up the good work!
Howard

Re: S&P Lessons on Risk Management: Pt. 2

DB — Thu, 05 Mar 2009 00:29:36 -0000

Thanks for the comments and for taking the time to visit us!

Re: S&P Lessons on Risk Management: Pt. 2

Chris Moran — Wed, 04 Mar 2009 02:04:04 -0000

Nice writing style. Looking forward to reading more from you.

Chris Moran

Re: Why the Obama Housing Plan Will Fail

Dey — Mon, 23 Feb 2009 11:18:00 -0000

This was an informative post!

I agree with most of what you're saying, but is it really a surprise? Did anyone really expect to be saved my the government? In fact, Obama's speech made it pretty clear that everyone will have to take more responsibility as individuals and depend less on the government. I think the plan is great as it is providing "something", but I also believe that everyone should still take the initiative to do what they need to.

I just recently finished a successful loan modification and it had to do with my deep desire to take the initiative, not blindly depending on someone or something to save me.

If you're a home owner facing a possible foreclosure, my advice is to put in the work and find the information. Knowledge is power, especially these days, where the lack of it can result in getting scammed or worse, losing your home!

Here are a few resources from the company that helped me secure my loan mod, I highly recommend you check them out at least. They might not be for everyone, but I had a great experience with them. (after I did my independent studies)

http://sanjose.backpage.com...

http://sacramento.craigslis...

http://www.prlog.org/101755...

http://parsa-law-group.type...

Namaste,

Dey

Re: New foreclosure defense: Prove I owe you

Christine — Wed, 18 Feb 2009 13:33:00 -0000

The "Lost Note" foreclosure defense is pretty powerful. For more on how to use this strategy in court, check out Regis Sauger's book Get Out Of Credit Prison http://getoutofcreditprison...

Re: Mortgage Mods, Russian Reforms, and China Outraged over Protectionism

beachdude — Fri, 06 Feb 2009 00:20:00 -0000

A Mortgage Modification is a process whereby a home owner's mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage.

The most common mortgage modifications are listed below:

lowering the mortgage interest rate

reducing the mortgage principal balance

fixing adjustable interest rates within the mortgage

increasing the loan term throughout the mortgage

forgiveness of payment defaults and fees

or any combination of the above

Check out this public service site at http://mortgagemodification...

Re: Google Glitch, Obama is all talk, Buy American, Debt Disaster

D.B. — Sun, 01 Feb 2009 13:56:00 -0000

That's a good point. We saw with TARP 1.0 that when people actively wrote and phoned their senators, they listened to the complaints. But only days later, they loaded the bill with more pork and passed it.

I can't see the younger generation "taking it to the streets" anytime soon. From what I can see, they are enormously pro-Obama and it will be take a while to change their perception.

Re: Google Glitch, Obama is all talk, Buy American, Debt Disaster

sawdust — Sun, 01 Feb 2009 10:28:00 -0000

I don't expect any "real" change until people literally take to the streets. Until that happens "Wall Street-run-Washington" will continue to view the consumer as an ignorant cow whose only purpose is to be milked (bilked) for trillions.