Don’t you just love how they are calling this fiscal boondoggle a stimulus package? Since we are all about “stimulating the consumer” they will also throw in a few syringes with heroine, methamphetamines, and two Red Bulls for good measure. This way, consumers can load themselves up and spend for 48 hours straight [...] Related Posts: ■ Real Homes of Genius: End of $1 Million Home in Pasadena and the Extinction of Mortgage Equity Withdrawals. ■ Real Homes of Genius: Today we Salute La Mirada. Housing has Entered Stage 2 of the Bear Market. Middle Class Areas $100,000 off in one year. ■ Flipper Nation Episode 2 ■ Et tu Subprime? Why This Mortgage Proposal is Hot Air…As of Today. ■ Wrong and Wronger: Compounding the Mortgage Mess with Bigger Mortgages.

Oh that Ben Bernanke, aka Boom Boom, aka Helicopter Ben, aka Big Baller, aka credit liquidity magician. After talking to the market with a stern voice and demonstrating that he does have some restraint with rate cuts, he follows the next day by opening up a corner loan shark store. While they don’t [...]

There has been a torrent of information shrouding the new Hope Now Alliance proposal that was offered up this past week. We’ve heard outraged battle cries of “no government bailout” and we’ve also heard the argument that this plan does not go far enough to help those facing foreclosure. Aside from the philosophical [...]