As most expected, the bailout provision did pass and is now law. And now the fun begins as our government is about to engage in an outsourcing binge with a $700 billion kitty. The stated intention of the Treasury Department is to employ a small internal staff (about two dozen people) to orchestrate and oversee the purchase of mortgages and
In my last post, I whined that no one in government was doing an adequate job of educating the public about the arguments for and against the bailout bill. My belief is that there is just too much information out there being thrown at us too quickly and no one is stopping to explain the fundamentals. I suggested we find Ron Popeil (of
>Click to watch video [caption id="" align="alignleft" width="325" caption="Real estate entrepreneur Jim Randel, author of 'The Skinny On The Housing Crisis' discusses how the rescue plan will impact homeowners."][/caption]
San Francisco Chronicle (09-23) 18:55 PDT -- Uncle Sam will own most of the troubled mortgages in America if the $700 billion bailout package goes through. What will this mean to the folks who bought those houses and are behind on their payments? (more...)
Barbara Dooley of WGAU (Athens, Georgia) interviews Jim Randel on his new book 'The Skinny On: The Housing Crisis - What Every Homeowner and Homebuyer NEEDS TO KNOW!!!.' >Click here to listen
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