How big a burden taxpayers would bear if Uncle Sam lends a hand to the two mortgage finance giants depends on a lot of hard-to-estimate variables.

NEW YORK (CNNMoney.com) — Saving Fannie Mae and Freddie Mac could cost the U.S. taxpayer. But so could letting the two mortgage giants collapse.

A rescue plan that uses federal dollars would risk increasing the deficit and possibly lowering the U.S. debt rating, making it more expensive for the government to borrow in the future. A decision not to intervene could lead to deep pain in the mortgage market and the parts of the economy tied to it.

The Bush administration is betting the first option is preferable to the second.

A proposal outlined by Treasury Secretary Henry Paulson - if approved by Congress - would offer explicit backing for the two government-sponsored enterprises (GSEs). It has three main elements. Read the rest of this entry »

In spite of the dwindling economy, any real estate investors are actually cheering on the plunge of real state markets throughout North America. This is a philosophy that is shared by a small group of real estate investors who some may call vultures,” but other individual homeowners, builders, and even banning institutions in crises, these investors become “saviors.” Unfortunately, there may not be enough of those saviors to go around …

The problem? Many part-time investors who are feeling burned from a revious investment deal are letting the fear of the economic downturn keep them on the sidelines, when they might be letting the opportunity of a lifetime pass them by. Read the rest of this entry »

I received this email and video clip and thought to share it with all…

It reminds us that if humans can love their son this much, how much more could God love his children….

What a father wouldn’t do for his son, with God’s divine interference..

A son asked his father, ‘Dad, will you take part in a
marathon with me?’ The father who, despite having a
heart condition, says ‘Yes’.

They went on to complete the marathon together. Father and
son went on to join other marathons,the father always
saying ‘Yes’ to his son’s request of going
through the race together.

One day, the son asked his
father, ‘Dad, let’s join the Iron man together.’
To which, his father said ‘Yes’ too.

For those who don’t know, Iron man is the toughest
triathlon ever. The race encompasses three endurance events of a 2.4 mile
(3.86 kilometer) ocean swim,followed by a 112 mile (180.2
kilometer) bike ride, and ending with a 26.2 mile (42.195
kilometer) marathon along the coast of the Big Island .
Father and son went on to complete the race together.

View this race at…..

http://www.godtube.com/view_video.php?viewkey=8cf08faca5dd9ea45513