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SoCalMtgGal: (October 30, 2009 11:30am)

There was an economist on Fox a few days ago with Hannity that said he could reverse everything that Barry is doing over a long weekend. Three years from now, I hope he is right.

Barry is the most trusted for a reason: (October 30, 2009 10:22am)

Hey Barry Hater, the seminar won't be a you're all fine and the rates will stay at 4.75 for the next 3 years. No, it's an important event including industry regulation changes, and how to know the market better and actually educate yourself about it. And, have you ever gone to a seminar that doesn't also sell something? Lighten up!

elshirley: (October 30, 2009 4:16am)

Yes, Here is a article on extending the tax credit. http://www.clickondetroit.com/tu/5KS4CqQ4k.html

CornerstoneKathy: (October 29, 2009 7:18pm)

I just got word that the tax credit was extended and expanded to not just first time homeowners..anybody else get this info too?

James the Appraiser: (October 29, 2009 4:29pm)

ok, Back in the office, man this was a long day for me. Have 3 reports to right now. Would have 4 but I told the lender on the wobbley box deal that I can do it, but I don't do the cost secton on them any more. They asked why, I said I don't have a cost service like M&S or NADA to do the wobbly boxes cost section. I told them I would include it if they provide it from any third party. I did not really want to drive up into the mountains to do one in a rural area anyway

Valuequestor: (October 29, 2009 4:29pm)

You know...I would love to vote all of the career crooks out of the house and the senate. The house is doable however there will still be plenty of the problem basterds in the senate when the world ends in 2012......or did you forget that little detail. Old Irish Proverb: If you want to hear God laugh....just tell him your plans.

EdC: (October 29, 2009 4:28pm)

Do that and watch the banks clean up their act - pronto. The welfare system called a housing market has to end.

EdC: (October 29, 2009 4:25pm)

Face it guys, even with Giethner and Franks plan it complicates thing. When you complicate things it's an open invitation for corruption. Keep it simple. Bring back Glass-Steagall and put the liability of the banks for their indiscretions and risks and NOT on the taxpayer. Too big to fail is too big to exist IMHO.

Barry Hater: (October 29, 2009 4:25pm)

Hey See You There - Do you think Barry will tell us there isn't a bubble again? He's so smart. Maybe this time he'll tell us that we all have nothing to worry about and to pay no attention to what's going on in Washington. Be real, Barry is going to stand up there and convince us why we need to buy his product like he always does.

Valuequestor: (October 29, 2009 4:22pm)

Damn Brian!! Go monkey on his ass! Slapem Jackem! Bitches!....Whhhooooooo!!

Oregonian: (October 29, 2009 3:38pm)

Gentlemen: that was a paranoid, fear-mongering mischaracterization of what Geithner proposes. His proposal would apply only to the kind of catastrophic meltdown of the financial system and the overall economy that we faced last fall (when the economy and the markets were in free fall), and that mess resulted from policies and behaviors that occured long before the current occupant of the White House and his administration had any power. For you to suggest that the current administration has somehow engineered this set of circumstances so that they can execute a surgical takeover of banks is really silly, at best. You guys are wonderful when you stick to what you know, and wildly entertaining when you are trying to be funny, but geeesh, maybe you need to ease off the beverages before the show.

KatieFan: (October 29, 2009 3:17pm)

I saw a video of a woman who had come to the realazation that she was going to have to work for her money...and that the government wasn't going to pay for her housing and food... she said "is it too late to vote for the old white guy"...lol Enough of this political talk... can we see more of Katie?

TheFyouSay: (October 29, 2009 3:16pm)

I almost forgot.. Katie Rocks!!

dammn man: (October 29, 2009 3:12pm)

doodoottt the F you Say..i thought when we elected homeboy we would not have to pay for anything, thats whats i was promised by my local politisians, those dummb bastards all lied to me, now i actuallies have to look for a doodooty job

TheFyouSay: (October 29, 2009 3:06pm)

Anonymous and KatieFan .. the writing is on the wall! You think the next president will be able to reverse these things? When the banks are run by the government he will just be able to throw them back to the public sector? You are blind! Is it a left wing thing??? I think not , its a money and power thing. As for healthcare Im all about the government paying my bills.. Im just gonna sit around waitin' on my Bamma check... Won't have to pay my car note or my kids education or medical and I hear they have credit card lookin things stead of food stamps now so I dont even have to be shy about not being able to feed my babys momma.. Idiot

KatieFan: (October 29, 2009 2:50pm)

Conspiracy, conspiracy, our country is doomed because the liberal left is going to socialize our medicine and our banking system… it is what it is and there is nothing we can do about it for 3 more years… so to take our minds off of the hell that our country will become, can we see more of Katie? 

brian tbws: (October 29, 2009 2:40pm)

yeah Frank and I are gonna be there too so lets all hook-up.

See you there!: (October 29, 2009 2:38pm)

Yes! Come to Monterey to see Barry Habib, come ready to take notes b/c his powerful scripts and insights are certain to assist you in helping your clients and referral partners recognize the opportunities in today's housing market! Discount for camb, car and mss members: http://www.acteva.com/booking.cfm?bevaid=192195

BillyJelly: (October 29, 2009 2:35pm)

Back atchya Lender. No hard feelings. I always ask if there is anything to add to my list of faults and weaknesses please let me know, I will add it to the list. This is a big world and there is room for all of us, except for the obvious thieves and pirates of course. I've found a biz model that works for me and customer results speak for themselves. Keep at it and we'll see each other in the funny papers

Lender: (October 29, 2009 2:24pm)

Anonymous...You're funny. This is a sight for resources, which is why you log onto it, right? Now, if you are on this sight to make everyone your secretary, you're wrong. Maybe you should say "My mistake, I got carried away thinking you were all my bitches." That we would understand, and it's o.k. But please don't try to sugarcoat your projecting behavior earlier.

Anonymous: (October 29, 2009 2:12pm)

Thought this site was to be a resource for something other than paranoid conspiracy discussion. My mistake

candy: (October 29, 2009 1:47pm)

I am shocked. Why isn't the gov't enforing the monopoly (oligopoly) rules not allowing companies to get "too big to fail" ????

Lender: (October 29, 2009 1:42pm)

Check out Brian getting in on the action.... That was GREAT. It was about time you bitch-slapped some of these clowns. I just knew you wanted too, both of you do. Let them have it guys, we can all take it. I loved it! Even if it's me next time, no problem. Go get 'em Tiger :)

Lender: (October 29, 2009 1:35pm)

BillyJelly...You may be right, I've been called many things and most of the time they're dead on. I'm o.k. with that. I came at you about your consulting vs origination business model only because you prance around with all the answers like Ghandi. I think you are only fooling yourself, so I wanted you to think twice about your grandios statements about how to do things correctly. I find it funny you call me arrogant , take a look at your own blogs. I hate to use something from kindergarten, but it may work for you "It takes one to know one." I do wish you the best in consulting though, nothing personal at all.

TheFyouSay: (October 29, 2009 1:27pm)

Before I thought that Zeitgeist and The Creature from Jeckyl Island were all conspiracy theroy. After the last 3 years it seems like both films are more fact then fiction. You dont need a crystal ball to see that Big Brother is taking control.

BillyJelly: (October 29, 2009 1:26pm)

Lender-I don't know you from Adam, but your responses are revealing your ego and arrogance. Don't think your 100 loans this year put you on any type of pedistal. Remember your place; you are simply a Loan Jockey.

brian tbws: (October 29, 2009 1:25pm)

Hey anonymous. Frank's logging 14 hour days, without fanfare, trying to help the industry. Oh he's been doing it while not asking you for a dime. So when you crack the whip and he doesnt respond as quickly as you would like, I think your being a dikhed. By the way, we also make it a point to leave posts even if they're critical of us because transparency is the best bet. So feel free to stay "anonymous" but next time get off your ass and find what your looking for rather than ask someone else and bitch when you dont get your way. Your worse that a 6 year old. TO EVERYONE ELSE Thanks a bunch for your help support and participation

Lender: (October 29, 2009 1:22pm)

Anonymous....Since you keep asking people to do your research which you've proven to be incapable of yourself, let me simplify the response for you that you've received..... "Handle your own doodoo, no one here cares about you or your researching problem." Does that helpyou now ?

loaner55: (October 29, 2009 1:21pm)

Frank and Brian, That whole Conforming Loan Limit crap is just that. Most borrowers were confused at best. Why didn't they just call it what it is? Which is not Conforming, but something in-between. That is exactly why people don't trust Lenders.

Clulessdad: (October 29, 2009 1:18pm)

Reality and the stock market are two different things. Rating agencies, until they change the system of who pays for the ratings, should never be followed. Remember that the big banks have a lot of shadow foreclosure inventory, have played accounting tricks with their "off balance sheet assets", and have billions at risk with their highly toxic MBS and soon to be CMBS. To me it seems like smoke and mirrors, but what do I know?

Lender: (October 29, 2009 1:08pm)

I just saw on Bloomberg that B of A got raised to a "Buy" by the rating agencies moments ago. Frank says to dump the stock a couple hours ago. I think we all are confused these days. I tend to agree with Frank, but what do I know. Dump B of A and then put gas on them and light 'em up. Aren't the rating agencies the ones who gave 5 stars to those wonderful MBS we are still trying to figure out how they did?

Colorado Broker: (October 29, 2009 1:05pm)

BillyJelly, you can email me at nancyd74@yahoo.com

Anonymous: (October 29, 2009 1:01pm)

This is helpful... NOT! Frank Garay: (October 29, 2009 11:42am) See if you can get something from NAMB. They probably have it.

BillyJelly: (October 29, 2009 12:32pm)

Colorado broker - I would like to talk with you. How do I contact you. Thanks.

Lender: (October 29, 2009 12:29pm)

ColoradoBroker...I'm in L.A. Thanks for offering though :)

Colorado Broker: (October 29, 2009 12:27pm)

Lender, Where are you located. We have done commercial for 16 years, but this past year have made the transition. Commercial is so much different than residential and since we have the knowlege and know how it has been a fairly easy transition. My husband knows so many of the local banks that aren't lending much anymore and they have all referred their business to us. We are sitting on about 40 mil and should be able to close at least 30 mil of them. At a 1% fee it will put us back in a very good financial position. If you are not experienced in commercial we do co op with other brokers and share in the fees. If you need any help or have any commercial deals you can't do let us know. Give me your email and I will contact you. That is of course provided your deals are not in California as they require licensing even for commercial. We are only licensed in Colorado, but all other states except 1 other don't require licensing for commercial.

Lender: (October 29, 2009 12:04pm)

Colorado Broker...I have been thinking to myself if Commercial Lending is the answer. I am amazed to hear you transitioned already, that's great! I hope it works out, I know it's a tough close right now with that side of lending, but at least it's not all this "Consumer Protection" stuff that is killing deals on the Residential side. I truly think the good lenders might be leaning that way too, just as you already have. You're the first one I've heard who's pulled the trigger on it. I think it's good to do that and then return to Residential after all this nonsense re-disclosing is overturned. Good luck to you.

BillyJelly: (October 29, 2009 12:01pm)

Lender-Good for you; 100 loans this year, consider yourself blessed. One thing you fail to realize (or know cause you don't know me from Adam)I don't want to originate loans. I've been doing it for years and it's a pain in the arse and not very much fun. I let the originators originate. I provide a product and service that provides such overwhelming value to the customer I don't have any competition. Could I have made more money originating? Sure, but it's not about me and my money, it's about the welfare and financial future of the customer. Of the 100 loans you've originated, you reduced rate, consolidated debt and put a few bucks back in their pocket, but you did NOTHING to help these people in the long term. You locked them into another financial prison for 30 years. It's not your fault, you just don't know what you don't know. Knowing what you are doing and understanding it are two entirely different things.

Colorado Broker: (October 29, 2009 11:55am)

Lender, Your points are good, but I don't have any confidence with this "Government" with the current socialist elite running everything. They have done nothing but lied from day one. It is all about power on either side and I for one don't believe that the government will do anything to help the average Joe. Spreading the weath from those of us who have always worked and never taken from the system it disappointing. To think we will work harder to get by since so much of what we make will be taken to pay the do nothings. We have been doing commercial loans since we started our company 16 years ago and have made a conversion to 80% commercial and may give up the residential completely, especially here in Colorado where we have a lunatic Erin Toll running Dora.

Clulessdad: (October 29, 2009 11:44am)

Frank, Anonymous- I have that site and have gone thru the bill, but I can't find anything about HVCC. I also went to the HFSC website and that also just had the original bill and amendments. Can you let me know the error in my ways?

Frank Garay: (October 29, 2009 11:42am)

See if you can get something from NAMB. They probably have it.

Anonymous: (October 29, 2009 11:37am)

Frank, it was your partner. See the posts below. I can find the entire bill myself. I was hoping for some kind of summary.brian tbws: (October 27, 2009 8:43am) Anonymous Ill either post that or get that to you. Anonymous: (October 27, 2009 8:43am) Does anyone have a site with bullet points for HR 3126?

Lender: (October 29, 2009 11:30am)

Colorado Broker...You're concern and questions are good. I don't know for sure that the Gov would break up the banks either, but they are sayng they would. They don't want TBTF anymore. I just think that if B of A stays as the sole gorilla they will take advantage much more likely than the Gov would. I may be crazy, but B of A admits they want it all to themselves. It's been their goal for years and they are going after by using this meltdown as the reasoning. If they are in charge I'm convinced they will put us all out of business and we'll all work for them if we want to continue in the biz. I don't like either option, but the Gov would have more interest to help the average joe than B of A would. Just my thoughts. It's crazy times for sure

Anonymous: (October 29, 2009 11:27am)

To big to Fail? Wipping out shareholders might be the answer to getting mortgage modifications done. They are the road block to servicers/investors in reducing rates and recasting loans into afforable repayment for a lot of A paper borrowers who are stuck. Just bought at the wrong time* Bank would loose less money and real estate values would be better supported keeping homeowners that have been current (decent credit)until a ARM Re-set or recent unemployment. There needs to be a solution for people that are just victims of the economy.

Lender: (October 29, 2009 11:24am)

BillyJelly....I don't think you're doing much origination if your consulting work pays you more. Truthfully, how many loans have you closed this year? I've closed over 100 this year alone. I can't fathom consulting paying better than that. I'm glad you're making money by educating, but maybe you're not much of an originator?

ColoradoBroker: (October 29, 2009 11:23am)

Lender, Unless I am wrong I don't think the government is going to breakup the big banks. I do believe the government is using its power to take over the entire banking system. There goes are personal privacy and there goes our economy when shareholders are cut out. Socialism is on the way if this happens. Research history as I believe it was Jefferson who broke up the Bank of the United States to prevent this type of thing from happening. But thanks to all those who voted for "change" without having a clue as to what the change would be we are all potentially in for a rough ride with these idiot socialists running our government.

e-homeappraiser: (October 29, 2009 11:17am)

Just Some Thoughts: The RECESSION is NOT OVER. Unemployment is NOT 10%, but 15%-20%, with more claims filed every week. 10% only includes those collecting unemployment benefits. The % does not include those who no longer qualify for bene's, stopped looking for work, those under-employed or working part-time. As long as high unemployment persists, foreclosures will continue into 2010, 2011 and beyond. AMCs and the HVCC are insulting, demeaning and unnecessary road blocks to REAL appraisals. They should be rejected by all appraisers, mortgage brokers, Lenders etc... As a long time veteran appraiser/broker (37yrs), I now seek only non-lender appraisals, written under the USPAP. I have less work, but can write a meaningful supportable report with plenty of time and no pressure. Remember appraisers, you can just say NO! Get paid your worth. Well written appraisals with sound supportable values are needed NOW, more than ever. All mortgage brokers and lenders should demand it.

BillyJelly: (October 29, 2009 11:16am)

FYI: I've earned more money this year in consulation fees than I did in origination fees. AND, not one of my customers was looking for or had a need for a new mortgage. They needed a solution to their financial/economic condition, not another achor. Go figure.

BillyJelly: (October 29, 2009 11:06am)

It's interesting to see how many brokers out there are sitting back and watching the Feds play Pong with your careers. Bank and forth, back and forth, waiting for the Fed to deliver the final blow to your future. Are you financial specialists or financial brokers delivering what the banking community can already offer. If you don't reinvent yourself and offer something the banks can't and won't provide; an education to the consumer then you are destined to work for them or find another line of work. Use your expertise to educate and empower the consumer; become a consultant and provide your customers something of real value. PSST; locking them into a low rate conventional mortgage is killing the consumer and feeding the machine. Read previous posts to find the secret.

Frank: (October 29, 2009 10:56am)

Also.. anonymous... please reveal yourself because I don't recall ever "promising" anyone any bullet points on 3126. Not to say I didn't, but don't think I did. Again.. www.thomas.gov has the bill. Go for it.

need more democrats : (October 29, 2009 10:54am)

This should be SCARY. It is HALOWEEN

Fank: (October 29, 2009 10:52am)

Anonymous - You must not have gotten my blog post. Go to www.thomas.gov and you can see the entire bill there.

Anonymous: (October 29, 2009 10:44am)

Disgusted, I agree. Two days ago I asked for bullet points on the proposed HR 3126 that everyone is applauding because it mentions HVCC changes, but may actually make things tougher for the lending community. I was promised a response by the TBWS boys, but have seen nothing yet. Seems that would be a bit more productive than waxing about Ayn Rand, Glenn Beck etc.

Lender: (October 29, 2009 10:43am)

WOW. My vote was only 3% of the vote. I think the break up of banks is a good thing. I've never seen the likes of B of A and Wells getting so much overflow loan business because the consumer thinks they need to go there first to make sure they are getting as fair mortgage deal. By breaking up the banks it creates competition. Right now, the banks are getting everything and proving to be ready to monopolize entirely. If the Gov doesn't do something to stop them soon in their tracks they will have Lending, Realtors, Escrow & Title all in house. Everyone would work for them, that's what they have always wanted and are using this meltdown to direct this to happen. If the Gov steps in and breaks them up it would stop from accomplishing this goal. Only 3% of the folks voted this way. I may be wrong, but I pray the banks get broken up, I don't want to work for them at their pay scale. It would be hourly.

NoName_An0n0mous: (October 29, 2009 10:39am)

What the government is doing to the public is scary. The banks are too big and too powerful and the government will never let them fail because of their vested interest in the banks and monetary system. What has happened and what will happen is not a coincidence. "Behold a Pale Horse" google it. It will open your eyes to a reality that is hard to grasp and accept as truth.

Fank: (October 29, 2009 10:38am)

Brian - Before anyone signs the petition it clearly asks them to either opt in or not to our updates. No one is being deceived in any way. I'm sure everyone you sent it to is an adult and can make their own decision. Thanks

AMAZED!: (October 29, 2009 10:33am)

Rondon please limit your posts of logic, they will ruin the whole structure of the universe

Rondon: (October 29, 2009 10:16am)

If these too-big-to-fail banks actually fail, then break them up.

Brian: (October 29, 2009 10:14am)

Hi Guys, I sent out the HVCC petition to all whom it may affect and everyone who signed it is now on your twbsdaily mailing list. I don't appreciate that kind of marketing tactics to acquire my client and influence base. Thanks for listening.

joelender: (October 29, 2009 10:14am)

CArealtor / lender. I know your an idiott quoting your sources of Sean Hannity, glenn beck and lauren ingram........ The problem is the big banks are trying to eliminate the broker and wholesale market! Be informed and don't rely on the sean hannity types of this world!

Rondon: (October 29, 2009 10:13am)

We're seeing the same thing in health care. The government limits our choice of insurance providers, and then they come in and tell us we need the government to keep the insurance companies honest. What? Free market competition is the only thing that will keep them honest. We need the PRIVATE option - to choose any private insurance company we wish.

Disgusted: (October 29, 2009 10:03am)

Too many people have too much time on your hands...these discussion boards always turn into the bickering nonsense which shows in this thread. They could be used for something, anything, far more productive than supposed grownups acting out worse than preschoolers do. Pull it together people and do something productive! Like figure out ways to stop these governent officials in their tracks. I am sick of appraisers griping about HVCC - what are you DOING about it? At least Brian and Frank took some action. SendParticipants (2) DisgustedPaulDavidson I am available Setting

BillyJelly: (October 29, 2009 10:03am)

Hey everyone, I highly recommend you all read The Botany of Desire or watch the documentary (was on Oregon Public Broadcasting last night). Fasinating stuff. Doesn't talk about banking or finance, but if you are paying attention you will see how it relates. Pay close attention to "Mono Culture". Our financial system is a mono culture and there is NO WAY a mono culture can sustain itself and survive. NWO is the epitome of a mono culture and if it happens we are all sure to perish. In your own practice; if you are surviving on the mono culture of conventional mortgages you will not survive. The logic of nature will ALWAYS outlast the logic of capitalism or technology.

BillyJelly: (October 29, 2009 9:56am)

BC in San Diego-God Bless you,you have a brain. Bill Clinton got the ball rolling in '99 when EVERYBODY GETS MONEY. It created a mad dash to buy homes, artificially inflate housing values, a predestined collapse of the housing market, collapse of the financial markets, print reams of money, destroy the value of our dollar (supply and demand, Econ 101), bankrupt the country, NWO. When will the American public realize WE FEED THE MACHINE! We are the ones that earn the money and feed the machine. Quit feeding the machine and see how fast they plead with us to put food in their bowl. They are just like a puppy; they will eat what and how much you put in their bowl. Another suggestion; change your W4 to eliminate all Fed withholdings from your check, then on April 15 instead of sending the IRS a check, send them the bird. What do you do with all your deposits? If you are a homeowner, convert your 30 yr into a HELOC and hide all your money in the HELOC. Untouchable by the IRS!

carealtor/lender: (October 29, 2009 9:52am)

Brian, EdC has the correct sequence taken by our greatest civilizations that have fallen. I have heard and read that on several occasions. Don't think your the alone on your discussions about our country sinking into socialism. Glenn Beck, Sean Hannity, Laura Ingram, and the list goes on, have these same fears. I need to all of your viewers/participants/interested parties, who have appraisal nightmares, prepare to outline them for NAR. They are seeking the most horrendous HVCC-AMC stories to recite to Congress. I will get you the direct contact information for the NAR Representative.

Barney Frank loves gerbils: (October 29, 2009 9:48am)

Geitner is a little Napolean complex tax cheating little bastard, i would punch him in the face if i met him in person. I bet him and Barney Frank share their gerbils

BC in San Diego: (October 29, 2009 9:41am)

Billy Jelly, I completely agree with you. It's too bad that more people don't see the same puzzle pieces falling together. And it's been in the works for many years - NOT a party issue - it's been pushed for from both.

BillyJelly: (October 29, 2009 9:34am)

Hey Frank-You hit the nail on the head;"a surgically executed plan for governmental control of the banking system. Can you say NWO? Let's see; intentionally bankrupt the country then come in with the New World Order to save the day: global currency, global government and then claim they've saved us from outselves and those evil, greedy bankers. HELLO, the bankers are the government. They'll get what they want because they control the money. Want to get their attention? Pull every dime you have out of your bank, quuit depositing your income and see what they do when they come to work tommorrow and the coffers are empty. Sound crazy? Read the signs folks; world domination of the elitests is on its way.

Starving Appraiser: (October 29, 2009 9:27am)

WHEW!!! I thought that might create a firestorm. FIRST, as I sd, it's an "idea" I rcv'd by e-ml. I DIDN't say it was "MY" idea, but think it's worth sharing...gets folks THINKING, obvious by the # of responses. >SECOND, NOT a T-Bagger, or stupid, or starving (it's a "NICKNAME", not my financial status), or a right wing freak, or shareholder class, just an EVER DAY JOE trying to make a living. >>THIRD, Lefty, learn to spell, and you're sounding a little conspiracy-theory-paranoid. >>FOURTH, OZ, good point, their SPOUSES also rcv benefits for life... NOW that's what I mean @ getting folks thinking. >>FIFTH, Lender, I agree (AGAIN), no such thing as TBTF. Just us working class that are TSTS (too small too survive). Think amongst yourslevesssss,.....andddddd.....RESPOND!

carealtor/lender: (October 29, 2009 9:25am)

Lefty in New Mexico, stop judging others by yourself. When you point your finger, calling someone "stupid"...look at your hand, you have three fingers point back at you. Might you be a recipient of the government handouts?

brian tbws: (October 29, 2009 8:53am)

JIM: Funny I've got Atlas at my house and intend to read it buy have not yet. I will get on that. I've heard from a bunch of people that its the greatest book ever written (Maybe fountainhead), but I also heard James Joyce is the greatest writer & I cant stand him. DOG, EDC AMAZED & the rest. MY POINT! When I saw this article, I didnt see concern over our industry I saw a national consolidation of our banking system. Its very much Chaves'esque and I can't believe nobody but us are talking about it. JohnTheHeckler... my life is a complicated drinking game. ITS ME... I need to be nice so..... you should be nice. Ive got more choice words for you but this is not the time or the place and your not the guy.

OZ: (October 29, 2009 8:48am)

Starving Appraiser: it sounds like a good idea to have new people in Congress. But there is no guarantee either that the replacements in Congress will not be "puppets" of the same interest groups. It takes money to run for office. When we vote the incumbents out, will they be eligible for retirement benefits for life? I've read somewhere they receive it after one term. Then we would have to pay them to retire. They do not participate in social security and will end up on gov't retirement payroll. Is this really the answer?

Da Broker NM: (October 29, 2009 8:28am)

We all can make a change. We need to just find the strong desire. I know that I wake up every morning saying today is a day I work toward improving my industry. Work hard knowing that it will do good. Not working hard because you have to.

Lefty in New Mexico: (October 29, 2009 8:22am)

Starving Appraiser -You may be starving because you are stupid -If you try to elect new people, the Corporate Mafioso's that have bought this batch of puppets will just corrupt a whole new bunch of puppets - the is a new sycophant born every minute. And you right wing freaks that are so sensitive to the government conspiring to take over.. have you veer stopped to think that the Corporations have been conspiring to screw us all to death for years matter -Witht his regulation in place, the banks might have to behave themselves and serve the needs of this country instead of the needs of their shareholders -if you are of the shaaareholder class, why are you starving... I know appraisers who are busy and doing great - sure we are all working harder for the same money - who isn't -but they are not starving- no one has the right to stay where they are and no one is entitled to a profit-Geitner made them and he wants them to know he can break them. Yeah for regulation

Bazooka: (October 29, 2009 8:19am)

Starving Appraiser has begun to sound like a Teabagger. Not that that's bad, it just that people on this forum constantly deride the teabaggers when actually they have some pretty good ideas.

Lender: (October 29, 2009 8:15am)

My initial feeling is that I would rather have the Gov't in charge of making sure there is free trade as opposed to B of A making sure there is free trade. I can't be happier to hear something can take the likes of these big banks down, they are out for themselves and need to be stopped. Only the Gov can do that.

Starving Appraiser: (October 29, 2009 8:11am)

(cont'd): Two years later, in 2012, vote the next third of the incumbents in the Senate out. We can do the same thing in 2014 and, by that time we will have put all new people in that body as well. We, the People, have got to take this Country back and we HAVE to do it peacefully. That's what the Framers of our Constitution envisioned. We are also suggesting term limits on the new bunch: 8 years for Representatives and 12 years for Senators – no exceptions. The longer they stay in office, the more power they get, and they love it and will do anything to get reelected. We have term-limited the President, now let’s term-limit the Legislators. This thing can permeate this Country in no time. Let's make it happen. Give our Country a fighting chance. VOTE THE POWER ABUSERS OUT..........LET'S TAKE AMERICA BACK !!!!!!!!! <<>> It's an idea, may be the only way to take our country back...4 the people, by the people!!!!

Sunny: (October 29, 2009 8:10am)

short and sweet- thanks. It is a Duck. Move your Money to Credit Suisse, RBC,UBS, Deutsche,etc. You will be amazed at the strength of your money in comparrison to the puppet banks you mentioned.

Starving Appraiser: (October 29, 2009 8:02am)

Froma an e-mail I rcvd - All that is asked is that you consider the suggestion here. The entire Congress of the United States is corrupt. And we mean both Houses and I mean both major parties.. We realize that a few Members of each House are trustworthy, but, as a group they are absolutely the most corrupt bunch to ever disgrace our Nation. In November of 2010 the entire House of Representatives will stand for reelection; all 435 of them. One third of the Senate, a total of 33 of them, will also stand for reelection. Vote every incumbent out. And we mean every one of them. No matter their Party affiliation. Let's start all over in the House of Representatives with 435 people who have absolutely no experience in running that body, with no political favors owed to anyone but their own constituents. Let's make them understand that they work for us. They are answerable to us and they simply have to run that body with some common sense.>> To Be Cont'd.<<

noname: (October 29, 2009 7:59am)

Citibank bought ABN AMRO/Interfirst Bsnkam didn't buy them. Have a great day!

joecolorado: (October 29, 2009 7:52am)

Mark, the AMC's wont find your statement as they dont "have the time to read the report". They isolate select portions of the URAR and THAT is passed to the investor. Got 18" of snow yesterday,and more is predicted for today. slight snowfall currently but its a winter wonderland out there right now, really quiet and irenic.Nedrland/Rollinsville got 30" last night....will probably have to snowblow my driveway in an hour. No appraisal work for me today, will have to catch up on office work....BLAH..

Kim's fan: (October 29, 2009 7:49am)

Kim Castro... wow!

Mark: (October 29, 2009 7:30am)

James - let me know where this property is, maybe I can get a deal from the builder after he takes it back, lol

just saying: (October 29, 2009 7:26am)

I just heard that our Government just spent 3 trillion dollars this year to fix things and unemployment is above 10%, housing is still struggling, Americans still are not saving money, credit cards companies are not getting paid. I know America these things can't be true are they? So that I can have a great day someone please tell me one thing the Government has taken over and been successful at? Another question will we as tax payers ever see the huge gains we have gotten off of the bank stocks we all bought in the last 12 months in bail outs? I say sell all the shares now and let those banks fail because they didn't learn anything in the past year with our bailouts.

James the Apprasier: (October 29, 2009 7:25am)

o boy - today I go see a new constuction. The owner filled me in a bit and I almost let my legal side come out. He purchased the site about 1 year ago. He then contracted with a builder to build the house. problem is he has not paid the builder, part of the deal. Now with the house 80% complete he has gone to a lender and they are having me do an appraisal for a loan to pay the builder. Only problem is his outstanding agreement to the builder is for more than the property will appraise for. And if he can't get a loan the builder can sue and in the end not only get the house but the guys land. Yes, no construction loan before they started, he just told the builder I will pay you $290,000 to build the house and the builder started it

Nuke 'em 'til they Glow: (October 29, 2009 7:20am)

... As excuse me Mr. President I'd like to ask a question about the Government takeover of banks......ahhhh Hey Get off me. ----------- This is the Government Balance Police and this individual was not properly enlightened and will be sent to a Obama Reeducation camp.... Now move along nothing to see here.

Slim Shady: (October 29, 2009 7:18am)

Sounds more like Jim Morrison on speed!

James the Appraiser: (October 29, 2009 7:16am)

WOW - Kim is back, that made my morning

AMAZED!: (October 29, 2009 7:13am)

Nationalization of the banks!?! I've seen it in the Latin American countries under a dictatorship but never dreamed we'd see it in America. Now we finally see who is behind the great Obam. We never could figure out where his money was coming from nor the support.

EdC: (October 29, 2009 6:29am)

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage." -Source Unknown (Most people believe it's Alexander Tytler)

EdC: (October 29, 2009 6:27am)

Why is this? Who does our Government work for? How much longer will we as Americans tolerate it? And what, if anything, can we do about it? As we approach the anniversary of the bailouts for our banks and insurers -- and watch the multi-trillion taxpayer-funded programs at the Federal Reserve continue to support banks and subsidize their multibillion bonus pools, we must ask if our politicians represent the interests of America? Or those who would rob America of its money and its future? As a country, we must demand that our politicians stop serving those whose business models are based on systemic theft and start serving those who seek to create value for others -- the workers, innovators and investors who have made this country great." -----I hope you guys don't mind that I posted this lengthy narrative. I think he had a lot of good points to make and no one that I know has read this.

EdC: (October 29, 2009 6:25am)

When in fact the exact opposite was true, these people were more like vampires using the threat of Too Big Too Fail to hold us hostage and collect ongoing ransom from the US Government and the American taxpayer. This was no unlucky accident. The massive spike in unemployment, the utter destruction of retirement wealth, the collapse in the value of our homes, the worst recession since the Great Depression all resulted directly from these actions. Even with all that -- the only changes that have been made, have been made to prop up and hide the massive flaws on behalf of those who perpetuated them. Still utterly nothing has been done to disclose the flaws in this system, improve it or rebuild it. Last fall was an awakening for me, as it was for many in our country. And yet, our Congress has yet to open its eyes, much less do anything about it. In fact conditions have never been better for the banks or worse for the rest of us. Why is this? Part 3, part 4 next

Big Willie Style: (October 29, 2009 6:25am)

I thought they extended the tax credit this morning

EdC: (October 29, 2009 6:24am)

Ask yourself how long you are willing to be held hostage? How long will you let our elected officials be the agents of those whose business it is to exploit our government and the American people at any cost? As hostages -- was there any sum of money we wouldn't have given AIG? Why did we pay Goldman Sachs and all the other banks 100 cents on the dollar for their contracts with AIG, using taxpayer money, while we forced GM and others to take massive payment cuts? Why hasn't any of the bonus money paid to the CEOs that built this financial nuclear bomb been clawed back? And more than anything else -- why does the US Congress refuse to outlaw the most anti-competitive structure known to our economy, one summed up as TOO BIG TOO FAIL? It has become startlingly clear that we as a country, and I as a journalist, had made a grave error in affording those who built and ran those banks and insurance companies the honorable treatment of being called capitalists. Part 2 - part 3

EdC: (October 29, 2009 6:21am)

Dylan Ratigans most recent take on things.... "The American people have been taken hostage to a broken system. It is a system that remains in place to this day. A system where bank lobbyists have been spending in record numbers to make sure it stays that way. A system that corrupts the most basic principles of competition and fair play, principles upon which this country was built. It is a system that so far has forced the taxpayer to provide the banks with the use of $14 trillion from the Federal Reserve, much of the $7 trillion outstanding at the US Treasury and $2.3 trillion at the FDIC. A system partially built by the very people who currently advise our President, run our Treasury Department and are charged with its reform. And most stunningly -- it is a system that no one in our government has yet made any effort to fundamentally change. Like health care, this is a referendum on our government's ability to function on behalf of the American people. Part 2

Britt: (October 29, 2009 6:17am)

I'm no conspiracy theorist, but this does, or should make you think. "In Atlas Shrugged, Rand tells the story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?"[26] —Yaron Brook, "Is Rand Relevant?" The Wall Street Journal, March 15, 2009

Slim Shady: (October 29, 2009 6:11am)

Some of you really need a big dose of reality. This goverment is not some seperate entity that's just plotting to screw up the country for everyone! The government is you and me and us. Presidents, federal reserve chairmen, treasurers, congressmen everybody come and go. They retire and live within the same government we all do only they get rich making speeches afterward. They have families that fight our wars, bank at the same banks and and fly the same flag. Maybe more people should run for office instead of continually complaining about the ones that do.

Britt: (October 29, 2009 6:10am)

Hmmm... Didn't Ayn Rand write a novel about this very scenario? "Atlas Shrugged", check it out.

Matt: (October 29, 2009 6:06am)

The sooner Americans realize "the government" is ripping all of us off and we get this over with, the better off we'll be. It's time for a debtors revolt people. It's simple, when you get fed up stop paying your mortgage, CC and Taxes, till they back off. The constitution was written to protect US from Government. Take a stand. PS. Just heard the recession is over again on the "news", the same people who did not see this coming are claiming they can tell when it's over???

Lender: (October 29, 2009 5:56am)

Guys, I just heard on the news this morning that the tax credit will be extended till April, and opened up to anyone who has owned a home for 5yrs or longer will be able to get $6500.00..... Because I heard it on the news I dont know if its true or not . What is the word from above? Real?Not real?

TX LO: (October 29, 2009 5:38am)

(violetlions) Since the 80's the gov has wanted 4-6 major banks only, to be held by them or "over-seen" by them. This is nothing new... I worked for WF in the late 90's & management used to discuss it then as well; they knew they would be one of the major banks. GM, healthcare, Wall Street, banks... all hail Obama. Where was he born anyway? Why haven't we seen a birth certificate? Be careful what you say, big brother is watching!

EdC: (October 29, 2009 5:25am)

You guys got me thinking. Government first forces banks to make loans to people that don't qualify (the banks go wild with that). Did they know they'd fail? How could they not. So they force the largest banks to take over the smaller failing ones and now 4 control 80% of all loans made. You think the government sees how much money is being made on loans and they want to take it over, covertly? If they really wanted a working banking system they'd have broken up the big banks instead of making them bigger. Lehmans was a warning. Interesting, I love a good conspiracy. Ron Paul for president! Get rid of the Fed. The Fed is no more a government entity than federal express. Good show.

JohnTheHeckler: (October 29, 2009 5:23am)

Frank and Brian,Not only does your daily video entertain the masses.It provides cutting edge information for free.The true bonus is the jaw harp.By looking at you two rock stars it is obvious the booze flows freely in your world.Free tip of the day.Avoid HVCC like the cops!(If you can and your set up that way)

Dog: (October 29, 2009 5:10am)

You guys are dead on! Can you say Socialism?

ej: (October 29, 2009 4:51am)

Ya'll are finally being aggressively vocal about a conspiracy theory I have had for quite sometime. If companies are too big to fail then of course the government will take them over. Who ever heard of free enterprise with the government having the power to hire, fire and set policy. Wipe out shareholders? Who will invest? This is just more of that slippery slope into socialism our "esteemed" president is guiding our nation to slide down.

VioletLions: (October 29, 2009 4:44am)

Wait a second guys! They had to force the mergers because they didn't have the option to take over those banks that were already too big to fail. They are asking for the option to avoid more of the same and even worse - having to force the merger of two of the 4 superbigs!

LI Appraiser: (October 29, 2009 4:16am)

Just bogged down with paper work and why would I want to retire as this is such a great career getting to work AMC employee's working off the INDEX cards on how to treat appraisers.

LI Appraiser is crazy: (October 29, 2009 3:59am)

Dude u have no life! Retire already

LI Appraiser: (October 29, 2009 3:49am)

Yeh, Im at the office at 5, up with 3 cups already finished. Just reading the news.

It's Me: (October 29, 2009 3:39am)

Put a diet book on your show, you need to loss a ton of weight!

Hello: (October 29, 2009 3:38am)

Hello

can't sleep: (October 29, 2009 3:34am)

What? nobody else is up at 3:30 watching TBWS?