This Fortress built by Nature for Herself
It has been some time since I have taken keyboard in hand in any attempt to inform anyone of my thoughts on the world of investing. I am taking the time to write now because we are embarked on some events that are, in my humble opinion, truly historic. As these events play out the United States may not be a fortress built by nature for herself. So hang on this could get rough and as usual it will be opinionated with a different perspective.
An Open Letter to the President of the United States
Dennis R. Gibb asks President Obama in an open letter to set up a mortgage refinance workout facility administered by existing banks. Between 5 and 7 percent of homeowners are in foreclosure, while another 9 percent are in default. Many homes are now worth less than the principal of their mortgage. Gibbs also offers suggestions for job creation, financial reform and other policy issues.