February 27th, 2009 by Scott

BB&T grew from a small NC bank making loans to tobacco farmers to one of the largest banks in the US.  This happened under the leadership of one CEO John Allison.  The link here is to a lecture Mr. Allison did for the Ayn Rand Center for Individual Rights.  Mr Allison has just retired from BB&T and he gives an interesting “insider” look at how the goverment aided the market meltdown.  He goes on to look at what policies and individual changes must be made to get out of this mess.  He has some strong free market beliefs and is not afraid to put them out there.

One warning, this is 97 minutes long, and Allison is not the most entertaining speaker, but you will be impressed by his command of the subject.

http://www.aynrand.org/site/PageServer?pagename=reg_ls_financial_crisis

Ayn Rand Center for Individual Rights, BB&T, John Allison, Mortgage, news, real estate, real estate market, reccesion, tax credit

February 26th, 2009 by Scott

What does the Stimulus plan provide for housing?  Here is a link to the highlites.

NEW YORK TIMES

http://projects.nytimes.com/44th_president/stimulus/housing

NATIONAL BOARD of REALTORS

First time homebuyers $8,000.00 tax credit

http://www.realtor.org/wps/wcm/connect/b32db1004d05f6338052c5fd73e5610f/government_affairs_tax_credit_chart_021308.pdf?MOD=AJPERES&CACHEID=

Great site from National Home Builders FAQ’s about tax credit;

http://www.federalhousingtaxcredit.com/2009/faq.php#21

first time home buyers, Mortgage, news, tax credit