Apparently, Treasury Secretary Tim Geithner agrees: "These predatory scams callously rob Americans of their savings and potentially their homes".

For purposes of this Act, the following definitions shall apply:(1) FINANCIAL INSTITUTION.—The term ‘‘financial institutions’’ means any institution including, but not limited to, banks, savings associations, credit unions, broker-dealers, and insurance companies organized and regulated under the laws of the United States or any State, territory, or possessionof the United States, the District of Columbia, Commonwealth of Puerto Rico, Commonwealth of Northern Marianas Islands, Guam, American Samoa, or the United States Virgin Islands, and having significant operations in the United States, but excluding any central bank of, or institution owned by, a foreign government.(2) SECRETARY.The term ‘‘Secretary’’ means the Secretary of the Treasury.(3) TROUBLED ASSETS.The term ‘‘troubled assets’’ means residential or commercial mortgagesand any securities, obligations, or other instruments that are based on or related to such mortgages, thatin each case was originated or issued on or before September 17, 2008, the purchase of which the Secretary determines promotes financial market stability; and, upon the determination of the Secretary in consultation with the Chairman of the Board of Governors of the Federal Reserve, any other financial instrument, the purchase of which the Secretary determines necessary to promote financial marketstability.

I currently have about 10 mutual funds as investment options, and each can be generally described as US or International, large or small cap, growth or income, stock, bond or treasury (cash).

Be sure to check if the rent yield is larger than Treasury bill's rate This may sound technical.

Since the Treasury's now funding the "bank" insurance system, that's US bleeding on the deck again...The FDICIA reg clearly requires that the "new" management will NOT include the management in place when the outfit failed.

http://www.cnbc.com/id/30968861

Treasury Department’s announcement last week that it would increase incentives for lenders to work out short sale deals.The government’s plan is a boon to banks, says David Sunline, BofA’s real estate management executive, because it provides guidance when there are multiple liens, a potentially litigious issue for lenders.

A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.

There was a lot of going back and forth with Treasury to work out the terms.

A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.