Posted by Leonard Steinberg on May 6th, 2013 Do you remember the housing bubble of 2008? It appears many have forgotten it already in this heated market. Most of those banksters guilty of robbing us blind escaped any form of punishment. The government failed in its roll to protect the consumer. Is there now a… [Read More]
MORE GOOD NEWS FOR REAL ESTATE FROM THE MAN WHO BET AGAINST IT
Posted by Leonard Steinberg on January 13th, 2012 Friday the 13th delivered bad news for Europe as France, Austria, Portugal and 4 other countries were down-graded by Standards + Poor the same agency that downgraded the USA late last year. On the good news front, hedge-fund billionaire John Paulson, who made $15 billion in 2007… [Read More]
PAYBACK! Tarp funds being re-paid.
On Monday, AIG announced that it would sell foreign life insurance business Alico to MetLife (MET, Fortune 500) for $15.5 billion. Last week, AIG said it reached an agreement to sell Asian life insurance giant AIA for $35.5 billion. That’s $51 billion that AIG said will eventually be used to pay down its debt to the… [Read More]