Archive for September 29th, 2008

Heard Recently…

Monday, September 29th, 2008

On a local real estate message board –

“So the Fed is paying for some top dollar real estate at 2005 prices? I wonder if they’ll be working with local realtors?”

No, but they’ll be using your money to buy it.

Posted by Jim Mathies | Filed in Economy, North-Florida, Real-Estate | 1 Comment »

 

Paulson: Can I Get A Do Over?

Monday, September 29th, 2008

Hold on a sec, let me breath this moment in for a just one moment.. .. ahhhhhhh. A rare moment, where our representitives listened to the public, and did their bidding. Hmmmmmm. That felt really really good.

“We need to work as quickly as possible; we need to get something done,” Paulson told reporters at the White House after meeting with President George W. Bush. “We believe that our plan, and the plan that we developed with congressional leaders and worked so hard, is a plan that works. And we need a plan that works.”

-Paulson

700 billion to cover 3-6 trillion in bad investments and a recession right around the corner regardless. Time to get back on the phones and faxes! Goldman Sachs still has a determined fan in Washington!

Posted by Jim Mathies | Filed in Economy | Comment now »