Here is another great email from Mary Ellen Kohut of The Mortgage Advantage, Inc:
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Good morning comrades. "Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the heart and minds of men there must be strict supervision of all banking and credits: and investments, so that there will be an end to speculation with other people's money." President Bush? John McCain? Barack Obama? Jon Stewart? Nope. Franklin Delano Roosevelt, President from 1933 to 1945. By 1933 depositors had lost over 140 billion dollars due to the frolics of Wall Street. Along with the stock market crash of 1929 it began a downward spiral into what is known as the "Great Depression".

The U. S population then was a mere 123 million souls compared to over 305 million today. Through the years we have allowed Wall Street to ease back in to take control of our money and our country. As a result the 700 billion dollar proposed bail out plan may be the socialist answer to save our economy, but it may be the only answer. While our leaders on Capitol Hill are posturing for a plan to carve their initials, Washington Mutual was taken over last night by the Fed and will be chopped up with a big slice being given to Chase. This is by far the largest bank failure in U. S. history. Why is the government stepping in when our capitalist motto is for the government to stay out of our companies? The sins of Wall Street have seeped into virtually every business (think 401k's) in the U. S. and the world. We all should be mad as heck, but if we do not have banks or have lending - we do not have an economy. This time around it is not just about us. Banks, investments, all ethnic groups, cultures, careers and savings are intertwined throughout our globe.

FYI: Get Out!!! We, as a country will get through this. Houses are selling. Fannie, Freddie, FHA and VA are all controlled by the government, so there are loans for home buyers. Step away from the T. V. , your P.D.A, and talk radio and take yourself and family on a drive to Sedona to the State of the Art Festival, or to the high country and go hiking, or visit a museum for free, compliments of the Smithsonian on Saturday. Take in a happy movie. Eat at your favorite restaurant. Get out and enjoy the life we have!

Mary Ellen


Truth In Lending Promotes Trust In Lending

Mary Ellen Kohut, Mortgage Specialist
The Mortgage Advantage, Inc.
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Wise words. Especially about getting out and enjoying our families at a time when the economic structure seems so shaky. There is no better time to get back to basics and remember what is TRULY important, the health and happiness of our families.

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!