While Memorial Day may bring to mind backyard barbecues with family and friends, going to the beach, camping in the mountains or maybe the great sales that will be taking place in retail stores around America… The reality of the day is not about any of those things! In a nutshell Memorial Day is to […]
‘Are ‘Almost’ Subprime Mortgages And Used Car Loans A Canary In The Coal Mine?’ Having lived through the lending environment that led to ‘The Big Short’, one has to wonder whether we are heading back in the same direction! George Santayana (circa early 1900’s): ‘Those who cannot remember the past are condemned to repeat it.‘ […]
Residential mortgage-backed securities (RMBS) stuffed with sub-prime “liar loans’ were at ground zero of the 2008 financial crisis and, guess what… They’re Ba-ack! Not stated loans per se but in a new program from Fannie Mae called HomeReady Mortgages, 97%-plus Loan-to-Value loans become possible ‘based not on the borrowers income (which is too low) but on “non-borrowers” […]
Is an Iran nuclear deal now a fait accompli? In light of what appears to be a nuclear deal with Iran that likely will be approved by Washington in one way or another, the adage of ‘if we don’t remember history then we are doomed to repeat it’ immediately comes to my mind! But ignoring for a […]
While enjoying this Memorial Day with family and friends, take a few moments to remember and honor all of the fallen heroes from throughout our country’s history who have made this day possible! Memorial Day: Memorial Day started as an event to honor Union soldiers who had died during the American Civil War. It was inspired […]
Well we finally made it through a long and tough winter which can mean only one thing…it’s time for the MLB season to kick-off! Given that this also means that Opening Days from around the country will be taking place beginning in early April. Therefore what could be more appropriate than to take a look […]
Secrets of New York! This basement, located below one of the most iconic landmarks in Manhattan, was critical to our war effort in World War 2 and as such a target of the Nazis! This video shows what it was, where it was located and why it was so strategically important! __________________________________________ Written by Michael […]
These U.S. ‘castles’ that were built in the 19th and 20th centuries do not necessarily qualify as such in the European sense, but they do represent a cross-section of some of the best architectural examples that a relatively young America has to offer! As a point of reference, however, the first photograph is of the Hohenzollern Castle in Germany […]
If the Nevele Hotel in New York’s Catskill mountains is renovated, will people actually flock there? In other words will the old saying, ‘You can’t go home again’, be proven false in this case if the Nevele Hotel Casino and Spa is successful with its proposed $640 million dollar renovation project? Will people who have become accustomed […]
The Golden Age of the shopping mall is slowly slipping away! For those of us older than about 35 or so, the local mall likely played at least some role in our childhood and adult life. Whether it was hanging out on a Saturday in high school, shopping for a gift for a special someone or […]
