I just returned after sixteen days on Maui chasing wind and looking at real estate.  The wind by the way was awesome, as always, and I even got my back-loops wired on my foilboard.  For those of you who have not read my profile I’m big into wind and ocean sports, mainly kitesurfing and foilboarding.  Maui is a mecca for wind and ocean sports and if I could, I’d call it home.  Our plan when we sold our Belmont Shore home in October of ‘06 was to reinvest some of our …

“There’s a sucker born every minute”, was a phrase supposedly coined by P.T. Barnum, the American circus mogul.  In reality it was originally uttered by Barnum’s competitor, David Hannum, a New York banker turned showman.  Hannum made the prophetic statement after Barnum had successfully convinced the media that a ‘giant human fossil’ Hannum had previously unveiled to the public was a fake and that Barnum’s newly found ‘giant human fossil’ was the real deal.  Barnum’s newest sensation captured the media’s attention and the public soon flocked by the thousands to pay for and see …

After much thought I have arrived at what I believe is an equitable solution to the potential disastrous impact the present foreclosure cloud can have on our economic environment.  In my thought process I applied simple market-based philosophies when considering the division of interests in a real estate transaction between borrower and lender, and even their relationship to surrounding markets.
First, borrower and lender enter into a de facto ‘partnership’ when credit is granted from a lender to a borrower to consumate a real estate purchase (or refinance).  The borrower is in …

http://www.house.gov/paul/tst/tst2007/tst040907.htm - comments
http://www.house.gov/paul/ - main site
Please visit Congressman Ron Paul’s site and read his comments on the Federal Reserve monopoly.  We need to get behind guys like this and give them a bigger voice.  It also appears Chris Dodd is moving in the right direction with his recent condemnation of Greenspan’s 2004 ‘alternative to fixed rate mortgages’ speech and the Fed’s fueling of this most recent asset bubble at the expense of the American homeowner.
April 9,  2007 - The Federal Reserve Monopoly Over Money - US Representative Ron Paul
Recently I had …