NEW PLAN REVEALED TODAY....
Monday, March 23, 2009; 12:50 PM
The U.S. government will offer hundreds of billions of dollars in equity and loan guarantees to investors who bid against one another to buy troubled assets from banks, officials said today.
The "Public Private Investment Plan" detailed this morning, a long-awaited but risky piece of the government's financial stabilization strategy, will pour government money into private investment funds as a way to move loans from the balance sheets of banks to those of long-term investors.
Under the plan, the government and private investors will invest together to buy up between $500 billion and $1 trillion worth of real estate-related loans and securities from banks. The government will use up to $100 billion from the Troubled Assets Relief Program, matched by private funds, to capitalize the purchases.
THE MARKET APPROVED OF THE PLAN AND SOARED 2500 POINTS IN ONE HOUR...
OK....relax..... everything you read might not be true
determining what is fact and what is fiction seems to be the present test
...but actually it does appear that if you've got a few extra million or billion laying around, that this would be a really good time to invest in Real Estate.
I hear some cities and even some states are available......and actually a few countries like Ireland and Greenland are ripe for the pickings.
I wonder if Ted Turner is scooping up more and more land?
What's Ted's cell phone number?
Michael Timothy McAlevey
Posts
No comments:
Post a Comment