Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 15 years ago,

User Stats

1,269
Posts
316
Votes
Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
316
Votes |
1,269
Posts

This thing's getting interesting,

Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
Posted

This thing's getting interesting, and these are nothing but popcorn vs. the full-course meals in the freezer.

Did you see THIS little article? The swap-world just took a major hit, but most will not understand the ramifications for a while yet:

http://www.nytimes.com/2009/04/28/business/global/28muni.html?_r=2&partner=rss&emc=rss

This part was interesting - good old Hypo's still taking hits like
there's just no bright tomorrow coming:

"Depfa is a unit of Hypo Real Estate in Munich"

Germany & Italy - long-time allies who've wanted to kill each other
often. Germany just sent some aid to the earthquake victims in Italy - I think they got their Thank-You card today.

If found valid, this won't be a case about "profit", it'll be about
FIDUCIARY DUTIES, a phrase with which most Lenders and other
"Professionals" may one day become familiar (again).

Notice Italy's NOT taking the civil case route, but the criminal instead. That heightens the interest of the "professional", as it threatens almost everything near and dear to a professional criminal.

Oddly enough, when the gov't does a refi of 30MM to 38MM just to get an
additional 8MM they didn't need, then WE get to pay higher interest on
the total new bond, folks get kinda testy when some idiot points it out
in a few public meetings. When they've done it FOREVER without the
bright lights being focused on the FRAUD, it just gets more fun by the
minute.

  • Jeff Tumbarello
  • Loading replies...