Got this email from the SF Federal Reserve Bank suggesting I learn what they’re supporting:
Join the Strong, Prosperous, and Resilient Communities Challenge (SPARCC) on March 30th at 9:30 a.m. EST for a live conversation on how collaborative, community-driven approaches to addressing poverty, racial equity, health, and climate impacts can positively shape our cities and regions.
http://hosted.verticalresponse.com/1310525/f67cb0a505/545617645/1c44fa5f0e
I missed the live bit, maybe it will be on YouTube. Nice to know the Fed is looking out for our best interests!
Aloha, Steve.
The bank agreed to grant the discount they promised but then took the independent, 3rd party appraisal and ‘desk reviewed’ it from $335K to $250K (30% less in value and taking the equity from 40% down to 5%) without any explanation whatsoever, thereby giving them a reason to jack up the rate and fees. Criminal bastards. I told them where they could stick it.
(Did I mention I’m a trained real estate appraiser? $320, maybe. $250, not one chance in hell it’s that low.)
Doesn’t just about every large special interest fund the political system though whether it is the pharmaceutical companies or big corn or big oil? I mean, sure, the banks rig the system but I doubt they are alone in this.
Hello everyone. I have not been online much as I came down with the nasty Influenza A virus that is going around in my part of dreary cold Massachusetts. I am delighted to see that there is interest in reading and maybe discussing Illich and I apologize for not answering sooner.
I believe that Energy and Equity is in the public domain as it was published as an article in Le Monde.
Here is a link to the text of Energy and Equity. Let me know if it works for you.
http://www.preservenet.com/theory/Illich/EnergyEquity/Energy%20and%20Equ…
Hi Mots. Not sure you will see my most recent comment so here is the link that I used.
http://www.preservenet.com/theory/Illich/EnergyEquity/Energy%20and%20Equ…
Hey, Urbanplanner; I live in an overvalued market and resource prices have taken it on the chin. Job prospects are dismal and credit is maxed out, not leaving much room for the growth mentality that permeates our western society. Valuations are beginning to soften, if not darn right flaccid. As banks tighten the rules and interest rate start to creep up you can guarantee the banks will maintain their margins any way they can. The boomers are going to feel it in a big way as CM has alluded to many times on this site. I’m investing in seeds - return on investment is pretty good there. Maybe this is just the start of what’s to come.
One week left to file…don’t forget to get your tax returns in.
Gotta fund the machine.