I have been reading many of the various proposals to solve the financial crisis that we are facing here in the United States and the rest of the globe because the securities that are tied to the values of the troubled US assets were sold all over the world.
The United States is in a period that should be ripe for an instant and tremendous boom in growth. Energy prices are incredibly low, index rates are ridiculously low… and yet nothing is moving and credit, the lubricant of the economy, is not being extended or is extended at a premium.
First, a bit of a conversation about why banks are having solvency issues and are therefore either not lending or are lending at a premium….
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Filed under: Mortgage Bailout Tagged: | Asset, Bailout, Bank, banks, Clinton, Dodd, Foreclosure, Frank, Housing, interest rate, MBS, Mortgage, Obama, Rate, Security, Valuation
You gotta hear this 90 minute blogradio on why the media has a blackout of the looming Obama Birth Certificate Constitutional Crisis:
politicalpistachio.blogspot.com/2008/11/why-is-obamas-birth-certificate-still.html
Not only United States and the rest of the world, Malaysia is facing economic and financial difficulties. Share prices are dropped. We expect in the coming months, Malaysian banks are facing financial problems. Loans to developers are becoming NPL (non performing loan). Many properties are not being sold because lack of demand. Even now, you can see many housing project are abandoned, one of the reasons is rising in the cost of cements and other steels.