We are in an interesting moment in our industry. First, the adoption of the Housing and Economic Recovery Act of 2008 (Public Law 110-289) was a good idea that a substantial part to help the Americans in many ways, (I 'I translated back by regulators British Leader of the Congress for a period of 3 weeks on my blog in August, in case you do not want the seven-inch stack of paper containing all the words you read the rules) is activated, the more attention (andan injection of $ 200 billion "cash") of Fannie and Freddie, the (long ago, I have to fix them to go to keep the noise and the dispute with "plunder of the interior" for a decade), and the CEO of Fannie Leave with compensation and Freddie Grandi (who tried, the city with 25 million dollars, but remained 110-289).
Because of the danger of a band of AIG insurance guides many instruments (CDO, MBS, etc.) have a much more important in our canteenthe economy, if not, they were / are too important not to have done (rather than the government, is the creation of BIG [guaranteed loans and insurance]). Given what is happening in credit markets, all that was necessary
Today, try to 700 billion U.S. dollars compared to the stability of financial markets (TARP), since the Emergency Economic Stabilization Act, Hank Paulson, to put together with the Congress will be renamed the capital, once again feeding (in many "places, here and elsewhere), but especiallyThe field of mortgage financing (which has been stifled recently) ... This is something real and positive for the owners and everyone in our industry. Come, then called for regulatory reform.
If you are at home versus angle of production of the residential mortgage industry, we know what kind of people who help in this mess.
The main problem of the Ministry of Finance and that all voteMake your proposal (), as amended, was the next day ... How should toxic assets. Even if this is the first step, followed by who and how the "hold" to "wisdom and time" needed to compensate for the sale at a later date, in addition to "re-regulation of surveillance" we all experienced, missing for several years (do not need new laws - what we need is enforcement and tough punishment for criminals who violate any of the 253 lawsthat) already regulate our industry ... all these challenges and others need more experienced players, so that these tasks can go quite well ... But now back to ... Who is the type of person to person, TARP first precipitate?
Low, intermediate and administrative supervisors - those who have been in the trenches - in the issuance of residential mortgages in the last 10 years or more (at least from time to August '98Correction) and the use of residential mortgage loans during the same period are needed to understand the nature, work and those who seek to evaluate these short activities, so that a sufficient number of suppliers may be offered and supported by the logic of the facts TARP incentives for people to access known.
If you know of these people, I urge you to encourage them to contact their representatives in CongressPlease send your resume, and follow through what actually regarded as a means that the country needs to help all of us out of trouble.
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