Finance Expert Blasts Fed
According to this Business Week article, Paulson Protege Pellegrini on Bernanke's Fed: "Sheer Lunacy", Paolo Pellegrini, the Rome-born analyst who helped hedge fund operator John Paulson make billions on the subprime crash of 2007-2008, thinks the Federal Reserve's (the Fed) low interest rate and money printing policies will fail since they just cause another distortion of the market (he actually uses the term "bubble") resulting in more problems. According to the article, Pellegrini believes that the recent signs of economic growth are just the result of the massive government stimulus programs (think the original stimulus bill, the omnibus bill, cash for clunkers, expanded FHA, expanded Fannie Mae and Freddie Mac, $1.25 trillion mortgage securities purchasing program, home buyer tax credit, etc.), and, as a result, the economy will decline again after the government stimulus programs end. I agree since you cannot solve a problem created by too much debt by taking on more debt. The result will be more loan defaults, foreclosures and bank failures. Real estate short sales may be the only thing that will help some banks survive.
If you are a Middle TN homeowner, property owner, condo owner, real estate investor, home builder or real estate developer who cannot pay your mortgage payments (due to losing your job, having your income reduced, illness, health problems, adverse business conditions, slow sales, loss of investment property tenants, vacancy issues, lack of funds to complete the project, feuding business partners, etc.), know that you will not be able to pay your mortgage, have defaulted on your mortgage, are already in foreclosure, or owe more than your home is worth, please contact me to discuss your options including a loan modification and a short sale (a real estate short sale occurs when the sale proceeds are not sufficient to pay off all the mortgages and liens on the property/home). I am a Middle Tennessee distressed real estate, short sale, pre-foreclosure (preforeclosure) and foreclosure REALTOR and Expert. I primarily help sellers (homeowners, property owners, condo owners, owners of high end homes and properties (estate homes, luxury homes and executive homes), real estate investors, home builders and real estate developers) of distressed real estate, short sales, pre-foreclosures, foreclosures, investment properties, failed new construction projects and struggling commercial real estate developments located in Middle Tennessee (Rutherford County TN, Williamson County TN, Davidson County TN, Robertson County TN, Maury County TN, Murfreesboro TN, Smyrna TN, La Vergne TN, Eagleville TN, Lascassas TN, Rockvale TN, Christiana TN, Brentwood TN, Franklin TN, Nashville TN, Belle Meade TN, Nolensville TN, Spring Hill TN, Gallatin TN, Springfield TN and Mt. Juliet TN). If you do need to short sell your home or property, or you need a quick sale due to being in foreclosure, you can request short sale and foreclosure help and assistance on my website at Get Short Sale and Foreclosure Help and Assistance from a Middle Tennessee Short Sale and Foreclosure REALTOR and Real Estate Expert.
- Nashville Short Sales Home Page
Nashville Brentwood Franklin Cool Springs Nolensville Murfreesboro Smyrna Spring Hill Hendersonville Gallatin Mt. Juliet (Mount Juliet) Short Sales
Nashville Short Sale Help and Foreclosure Help
- Search Nashville TN MLS Listings
- Contact Nashville Short Sales and Foreclosures Specialist