A heartfelt Happy New Year to you from Oppenheim Law, “In the Trenches” featuring Roy Oppenheim. A prognostication on the Florida 5 Year Statute of Limitations and why we are waiting on the Florida Supreme Court to sort out the real estate mess.
Massachusetts’ Senator Elizabeth Warren gave a series of resounding speeches in opposition to a recent provision passed in the 2015 federal budget “Cromnibus” spending bill. The contested provision weakened the Dodd-Frank law, thereby allowing big banks like CitiGroup to gamble on risky investments with taxpayers’ money. Such a provision is not unique to the 2015 “Cromnibus” spending bill, in fact it’s identical to those “Too Big to Fail” provisions which lead to the 2008 financial crisis.
As very few probably know, including myself until recently, the House of Representatives has passed an early holiday gift for taxpayers concerning real estate. It is also expected that the Senate and President will follow suit in the near future. Ironically; however, it is too little, too late.
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