This news means BIG BUSINESS for us:

**wallmann** · 11-14-2008, 07:13 AM

As you may know, the Treasury Depart announced that they will
NOT buy up Foreclosed Loans.

This critical policy change on the use of the 700 Billion bailout
funds just put us in the drivers seat for the next 3-5 years.

The Fed (Paulson) announced that they have changed their mind on using
the funds to buy bad assets from banks. That means they will NOT buy up
the banks and lender's bad loans.

This means that banks will have to continue to SHORT SALE their
non-paying home loans to investors like you and me.

Larry Potter
Email: fastbuyerloans @ gmail.com
847-872-4047

**steve80** · 11-15-2008, 06:45 PM

I think that the government is actually doing what is the best in the interest of the tax payers. If nobody in wall street wants to buy those bad loans, why us (the gernmenet) should buy them. It does not make any sense to buy bad loans and bad investments. Ohterwise we the tax payers will have to pay for them. They gave the loan, now they should carry the risk.

**Codythebest** · 11-16-2008, 06:34 AM

I agree with Steve. Beside, my business is booming with all these foreclosure. And my wife's online business is booming as well as never. November gross will hit 700% of what she used to make...Amazing...

**fmike630** · 11-16-2008, 08:07 AM

When it was announced that the Feds would buy back the banks bad loans,
every short sale i was involved in stopped dead in its track.

You are right now the banks are willing to talk again because of that decision.

**rentec** · 11-18-2008, 07:20 PM

If anybody believes what the fed does is in any way related to the best interests of the tax payers, time to think again. Big money controls the fed, and therefore the fed does what it does to get big money bigger. Sadly, that leaves most of us in the dust.

The only time tax payers benefit is when the same benefit benefits those with the money even more. It's a cycle which cannot continue, and the world's financial markets are in for a crash much harder than we've seen recently or ever seen in history. It's just a time of when. The further away it happens, the bigger crash it's going to be.

In the meantime, if home prices stay low, it's certainly good for investors.