954-384-6114

Double Dip Recession? Why Not Bet on the Trifecta?

Oppenheim Law tells all at 6 pm tonight with perspective on the state of Florida Real Estate via a free Webcast or be part of a live audience in Boca Raton.

Double Dip Recession

 

Homeownership will no longer define the American Dream. That’s because 30-year, fixedmortgage loans that we’ve known since the 1950s may become a luxury if the federal government tightens constraints on Fannie Mae and Freddie Mac—the two lenders that historically backed home loans for the masses (even with far less than perfect credit scores). Indeed, a private mortgage finance market could emerge with entirely new rules—rules that make it harder and more expensive to get a loan.

Next, consider convicted Ponzi scheme mastermind Bernie Madoff’s comments from his prison cell. Madoff told New York magazine that Goldman Sachs, Merrill Lynch and Morgan Stanley Smith Barney knew all along that he was working the system—and did nothing. Madoff suggested that the entire government is a Ponzi scheme. What if Madoff is right? It’s a disturbing thought…

That leads us to the question, “Why isnt Wall Street in Jail?” Where’s the accountability? Clearly, greedy banks did their dirty deeds and clearly American taxpayers are footing the bill. Wealth has been destroyed. Lives ruined. Yet Wall Street—and the prominent firms that make up the financial services industry—seem to be living above the law.

What’s an American homeowner—or foreclosure victim—to do?

Join Oppenheim Law tonight, March 9 at 6 p.m. Roy Oppenheim is holding a real estate workshop where he discusses how the aftermath of Wall Street’s greed is still affecting homeowners across the country and what you can do to pull yourself out of the hole the banks created. Oppenheim will also share how rising oil prices, continued unemployment and the possibility of an American double-dip recession is impacting the South Florida real estate market, as well as the pros and cons of how changes to mortgage options could impact South Florida foreclosures and short sales.

What: Global Impact on Florida Short Sales and Foreclosures Workshop

Where: Oppenheim Law TV

 

Or come in person: 95 NW 11th St., Boca Raton, FL 33432

Cost: Free with advanced registration

RSVP: To register, email jackie@oplaw.net or call 954.384.6114

Tags: 30-year, fannie mae, fixed-mortgage loans, Foreclosure Workshop, Freddie Mac, Goldman Sachs, Merrill Lynch and Morgan Stanley Smith Barney, Oppenheim Law, Ponzie Scheme, Real Estate Workshop, Roy Oppenheim, Short Sales, the american dream, Why isn't Wall Street In Jail

One response to “Double Dip Recession? Why Not Bet on the Trifecta?”

  1. Flapartners says:

    This Mortgage KRISYS has been going for too long without the Govt. doing what is in the consumers best interest. . Politicians and Bureaucrats continue to deceive the public, to get their way about things and of course to prevent anarchy in the land. In a so called ‘Free-Enterprise” Capitalistic society, the cost of living will definitely rise beyond anyone’s control.As far as I am concerned the Govt is in CO-HOOTS with all of the conspirators.
    Madoff is absolutely correct. We are dealing with a bunch of opportunists.
    IT IS TIME THE AMERICAN PEOPLE WAKE UP AND RISE UP AGAINST THE BANKS AND MORTGAGE COMPANIES. LET US STAGE A NATION-WIDE PROTEST AND PUT A HALT TO THIS NONSENSE. LET US PUT WALL STREET IN JAIL!!!
    IT IS A SIN THAT WALL STREET, THE BANKS AND MORTGAGE COMPANIES ARE BEING ALLOWED TO GET AWAY WITH SUCH BLATENT ABUSE THAT HAS CAUSED SUCH WIDESPREAD DEGREDATION AND DISTRUCTION OF HONEST AMERICANS. LET US PUT AN END TO THE GOVT USING TAX PAYERS MONEY TO MAKE THEM LOOK GOOD AND CONTINUE TO SUFFER THE PUBLIC.