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Sunday, 13 September 2009

Jim Fleck Real Estate Scams By Big Brother

Jim Fleck Says Grab Your WalletThere's a new scheme for what to do with Fannie and Freddie. Grab your wallet... For years, Fannie Mae and Freddie Mac existed to guarantee mortgages. They were, in effect, government-backed insurance schemes. Unlike insuring banks that are inherently insolvent (like the FDIC does), insuring mortgages was actually a pretty good business, provided you charged reasonable fees, you insisted on good underwriting, and kept plenty of capital on hand in the event of a crisis.Freddie and Fannie operated this way... for a while. But later, after they became publicly owned, Fannie Mae and Freddie Mac primarily existed to enrich their government overseers and their government-appointed executives. Well-connected politicians would "stop by" the company for a year or two and walk away with several hundred thousand dollars in compensation. And as you already know, Fannie and Freddie operated the largest and most lucrative lobbying machine on Earth. Everyone got paid.This "paying" couldn't be financed solely by insuring safe mortgages. That led Fannie and Freddie to borrow huge sums of money to buy up mortgages of all types - yes, that included around $500 billion in sub-prime mortgages. Times were good. Fannie and Freddie made enormous amounts of money because it was a high-risk game. They had so little equity on their balance sheet that any losses would spell trouble. In 2008 trouble came knocking. Now Fannie and Freddie are owned by the government again. This means…ugh… politics.In fact non-bank mortgage finance companies that used to be around are being squeezed out of the business. The big banks used to run what was called warehouse lines of credit that these finance companies could borrow from. Now the big banks have stopped supplying these finance companies with credit, since they are the competition. Why fund your competition? Since 2006, credit available on warehouse lines has decreased by 90%. Bank of America and Wells Fargo are now making a lot more money on mortgages because there is less competition. It’s good they’re making more money…I guess. Since our government is now a large shareholder in both banks. Something is really wrong here…really wrong.Politics doesn't care much about profits (or the taxpayer for that matter). Now, Fannie and Freddie are being asked to create a new market for warehouse lending, all in an effort to save the non-bank mortgage companies - the very firms that were largely responsible for the decline in mortgage underwriting.Wouldn’t you just love to sit in a room with politicians and ask them basic questions? They’re idiots. It amazes me the stupidity. They’ve been insulated so long from real people they have no clue. It’s all special interest groups. It seems that there is so much corruption. The kind we used to only read about in headlines about “other” countries. The worst idea is to combine politics with banking. It will destroy both the economy and the currency. Sigh.
jim fleck
jim fleck
jim fleck guru
Jim Fleck is Americas foremost expert in the field of real estate investing and internet marketing. In addition to creating millionaire all over the united states, Jim has also helped people realize their dreams through internet marketing on the other side of the world.To Learn More About Jim Go To: http://jimfleck.wordpress.com/

Sunday, 16 August 2009

Jim Fleck Rea Estate

Last month, Bloomberg estimated the total bill for the U.S. bailout at $9.7 trillion. YIKES.This month, that number has ballooned to $12.8 trillion, which is close to the size of our entire economy.Put another way, the government is spending everything, what it and private businesses combined spent last year to correct the problems with our nation.$1 trillion is an estimate of what the U.S. collects in taxes each year. So, with a $12.8 trillion bill, the government has to raise our taxes nearly 13x this year or in the next few years. Either that or pass it onto future generations. Hmmm, my poor kids.
Mother Russia & New York, New York
In another step to make the U.S. a little more like Mother Russia, New York is trying to raise taxes on the state's highest earners.The temporary hike proposed would be the "largest state income tax increase in recent history."Basically a new "millionaires tax" …oh joy…will hit those whose incomes start at $300,000. They would be taxed at 7.85%. The highest bracket, earning $500,000 or more, an 8.97% increase.I know, having friends that are in the lower tax brackets and recently listening to them talk over cocktails, these taxes on the "rich" will prove to be popular with the “regular tax-paying Americans”, as if I don’t pay my fair share as it is. Of course, the standard of living for the average tax payer will continue to decline as more and more of the productive assets of the country are confiscated or controlled by the government. You often get what you deserve, not what you want.
Rush Limbaugh Threatens to Leave New York
Or, blow hard moves south, same thing. It falls into the ‘who cares' category, but I guess it does make a point. Radio host, Rush Limbaugh, vowed Monday to sell all of his property and shut down his radio operations and move them to Texas, which has no state income tax.The plan would raise about $4 billion a year, said Dan Weiller, spokesman for New York State Assembly Speaker Sheldon Silver. Lawmakers are calling it a temporary tax increase, yeah right.Limbaugh plans to sell all of his property in New York City, he told listeners.“…I'm going to get out of there totally, 'cause this is just absurd, and it's ridiculous -- and it isn't going to work,” Limbaugh said. “It's punishing the achievers for the mistakes and the lack of discipline on the part of a bunch of corrupt politicians that have run that city and state into the ground for I don't know how many years -- and I, for one, am not going to take the blame for it. “As much as I disagree with most of what comes out of his confrontational mouth, I do agree with him on this.Limbaugh, who usually broadcasts from his home in Florida, another state with no income tax, said the new tax is likely not only to drive other high earners like himself from New York, but also prompt those remaining to work less. Pointing out that the state already collects taxes on cigarettes and liquor, in addition to billions in lottery proceeds – oh, and don’t forget billions more in federal stimulus dollars – Limbaugh asked Gov. David Paterson when would it ever be enough.He even suggested a new state slogan: “New York: It’s Never Enough.” “When you raise taxes on an activity, you reduce that activity, people start doing that activity less. In this case: working. When you reduce taxes on an activity, then that activity increases. When you reduce taxes on income, people start working harder to earn more. Governor Paterson needs to cut taxes on people. He needs to spur investment. He needs to get people going and working. It's just the exact opposite. Governor Paterson is like most other liberal Democrats: zero-sum game. The economy is a pie. It never grows. Somebody gets their slice; somebody else gets their slice.”Jim Fleck Jim Fleck Real Estate Jim Fleck

Friday, 31 July 2009

Jim Fleck

Jim Fleck has been a self-employed man since 1996. He made his first online money in 1998. He has seen the ups and downs of internet marketing and shares his knowledge with anyone wanting to make money online. His extensive knowledge of many aspects of marketing makes his advice invaluable to internet businesses.

Fleck, is the founder and CEO of Instant Profits Marketing, Inc. his company provides marketing software and other applications designed to help online businesses explode with profits. The motto "The right message, to the right market, at the right time" is their company's emphasis.

Fleck has created Several successful internet marketing products. His products have spawned a series of Real World internet marketing products that get results. Some of these stress joint ventures, direct marketing, and home based business consultation.

He is also the co-author of Killer Copywriting, which is a go-to book on creating compelling sales copy. The skills that Fleck teaches in this book are the same skills that have brought him online success. Fleck demonstrates what works and what doesn't in sales copy from his own experience. His style is easy to read and far from boring. One of the products strengths is that it helps the marketer understand what goes on inside a potential customers mind.

Fleck has also spoken at seminars held by his partner and Dan Kennedy. The three of them have worked together for years in internet marketing. Some of these seminar topics have been converted into successful ebooks. These seminars and ebooks have established Fleck as a true master of internet marketing.

He's been a publisher, speaker, internet specialist, and marketing consultant. Fleck has worn a lot of different hats, but never compromises one for the other. This allows him to study every aspect of the business inside and out. By seeing how each part works, Fleck is able to understand the entire marketing process.

Fleck lives in Illinois with his wife and two sons and enjoys baseball, golf, and playing the piano when he's not advising people online.

jim fleck
jim fleck real estate
Jim Fleck is the nations go to guy when it comes to internet marketing and real estate investing. You can learn more about Jim at http://JimFleck.com