Like I said smart contractors are checking their backlogs with a fine tooth comb. Good job Brownie!
Is Yates next? I understand their concrete accident today at the hospital in Meridian Jackson was spectacular. (Thankfully no one was hurt)
sop
Tag: Wall Street to Main Street
A Quick Note About the Horizons Development plus Wall Street Meets Azalea Drive
This post from May linked several Sun Herald stories on developers Robert Windham and Mike Adkinson and their taste for large tracts of land in Stone County. That post, which generates continued interest contained this blurb:
Frankly I think this is wishful thinking. Even if they get enough money to keep the project on life support, it is doomed. The article explains why:
Stone County Supervisor Wendell Patton said the developers are proceeding with Beaver Creek Estates, which he said will have 498 lots on 346 acres. He said they have installed a water tank, drilled a well, paved roads and built sidewalks.
In response to a comment on that thread I promised to ask around. Several months later Continue reading “A Quick Note About the Horizons Development plus Wall Street Meets Azalea Drive”
Bailing out and piling on – the politics of Paulson's proposal
The last report I picked up noted Treasury Secretary Henry Paulson urged the measure be passed “clean and quick”. You can bet on that given what he said on one of the Sunday news shows.
On new aid for homeowners, Paulson signaled a willingness to compromise. The Treasury secretary said that while the bill could include “mortgage relief components,” the administration’s plan already addresses the issue.
Paulson also said that “the vast majority of foreclosures in this country — as regrettable as they are and as painful as they are — are coming from people who either don’t want to stay in their home and live up to their obligations or those that never had the financial capability to stay in their home.”
I suspect this comment from a viewer expresses the reaction on Main Street as well.
As a Wall Street guy…I find it incredible that he would use language like that while asking taxpayers to send a trillion dollars to Wall Street because investment banks made irresponsible investments and aren’t able to live up to their obligations.
In any loan transaction there are at least two parties. If I give my unemployed and uneducated brother-in-law a half a million dollar loan wouldn’t I be just as irresponsible giving it as he is taking it? Moreover, a large majority of borrowers did not have financial training to be Continue reading “Bailing out and piling on – the politics of Paulson's proposal”
Bailing out and piling on – the politics of Paulson’s proposal
The last report I picked up noted Treasury Secretary Henry Paulson urged the measure be passed “clean and quick”. You can bet on that given what he said on one of the Sunday news shows.
On new aid for homeowners, Paulson signaled a willingness to compromise. The Treasury secretary said that while the bill could include “mortgage relief components,” the administration’s plan already addresses the issue.
Paulson also said that “the vast majority of foreclosures in this country — as regrettable as they are and as painful as they are — are coming from people who either don’t want to stay in their home and live up to their obligations or those that never had the financial capability to stay in their home.”
I suspect this comment from a viewer expresses the reaction on Main Street as well.
As a Wall Street guy…I find it incredible that he would use language like that while asking taxpayers to send a trillion dollars to Wall Street because investment banks made irresponsible investments and aren’t able to live up to their obligations.
In any loan transaction there are at least two parties. If I give my unemployed and uneducated brother-in-law a half a million dollar loan wouldn’t I be just as irresponsible giving it as he is taking it? Moreover, a large majority of borrowers did not have financial training to be Continue reading “Bailing out and piling on – the politics of Paulson’s proposal”