This is considered the largest annual decline since the last recession of 2001 when banks started tightening credit.The Federal Reserve also conducted a survey in April this year of senior loan officers which reflected that 55% of American banks had tightened their lending requirements for commercial and industrial loans to small and mid-size businesses. 70% of those surveyed said they have made the loans more expensive.With the Federal Reserve trying to keep interest rates low so that money is available to jump start economic activity, the banks are not going along with the plan by holding on to their money.

Unlike most states, in Michigan the Corporations division is part of the Department of Labor and Economic Growth.You can learn all you need here...http://www.michigan.gov/dleg

The economic power we can wield by sharing information in this way is vast.

I was trying to come up with all the fear-fueled terminology that the press has used to describe the current and past incarnations of the economic/housing issues.

In fact all it'll do is spread our natios economic problem into other part of the world and just compound the problem.How can all these countries/financial advisors be this short sighted?

We are electrical contractors so there is little difference, but there are some areas I can give examples:Homeowners want a Square D QO panel which is rated the absolute best for safety (and has been for years), rentals want Homeline or low end equivalent.Fixtures can make a huge differece - $4.97 Home Depot special for rentals, selection process for Homeowners (HOs) to pick the perfect fixture as per their individual tastes.HOs may want Decora style switches or receptacles (sometimes in screwless plates or specialty colors), REIs want economical, standard in white or tan (stock).REIs often have very little hand-holding.

There are some developers who are looking to get out from under their developments due to the current economic situation.

dmj4, neither bill--Mortgage Forgiveness Debt Relief Act of 2007 and Emergency Economic Stabilization Act of 2008--is a friend to investors.

Here it is, all 110 pages...

http://i.cdn.turner.com/cnn/2008/images/09/28/ayo08c04_xml.pdf

The bill should be called the Wall Street Greed Bail Out Act of 2008

To stimulate housing, the monthly payments must be made affordable.