How the Markets Really Work
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This article published on Sunday, October 5th, 2008 at 11:08 pm | Contact the editor
Topics: Editorials
About this Columnist (Full Profile)
Russell has been an Associate Broker with John Hall & Associates since 1978 and ranks in the top 1% of all agents in the U.S. Most recently The Wall Street Journal recognized the Top 200 Agents in America, awarding Russell # 25 for number of units sold. Russell has been featured in many books such as, “The Billion Dollar Agent” by Steve Kantor and “The Millionaire Real Estate Agent” by Gary Keller and has often been a featured speaker for national conventions and routinely speaks at various state and local association conventions. Visit him also at nohasslelisting.com and number1homeagent.com.
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- Mark Eibner:
we’re at it again How the Markets Really Work: Welcome to get our of your feedreader we.. http://tinyurl.com/52pu9z
- AgentGenius:
#agnow Excellent video! http://cli.gs/BnUtm
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
I saw this a few months ago. It would be Really funny if it wasn’t all too real.
LMAO!!
SNL explains the mortgage meltdown.
Why does it always sound like it makes sense when its said in a British accent?
POPPY!
Finally, some straight talk! LOL
This true, sad but true…
Then add to it, the Government interaction:
1995 the Clinton era, Rubin rewrites the rules to foster loans in minority communites;
diversity score determines whether yourfirm can grow or not!;
reserves for FNMA and FHLMC are lowered to 2.5% instead of 105 (like banks);
etc. etc.
FNMA hires a six to one ratio of Old Boy Dems, and starts on a $120 ,000,000 lobby spree!
Very sad…
It’s funny and would be great if he had left out the references to the racial identity of the borrower.
Excellent video!