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It's Raining Dollars... Plus, is foreclosure right for you?

Written By Brian Hicks

Posted January 30, 2008

At 2:15 pm ET, Helicopter Ben dropped more cash on the U.S., lowering the Fed funds rate and the discount window rate by 50 bps each. 

What will this do for housing?  Nothing…

What will it do for the banks, hedge funds, market speculators, etc. that bet wrong, and cried?  It’ll temporarily re-inflate them as a deflating economy is temporarily propped up.

The dollar is weaker.  Gold is above $920.  Oil is up.  And inflationary pressures are through the roof.  But, hey, as long as the clowns that put us in the mess in the first place and temporarily saved, it’s worth it, right?

But I digress…. Here’s what the Fed had to say today.

“The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent.

Financial markets remain under considerable stress, and credit has tightened further for some businesses and households.  Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets.

The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully.

Today’s policy action, combined with those taken earlier, should help to promote moderate growth over time and to mitigate the risks to economic activity.  However, downside risks to growth remain.  The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks.”

Oh, and if you’re in need of a good laugh… check this out.





While wrong on so many levels, let’s take a look at what they do… for laughs.

The company sells a "protection plan and kit" for "three easy payments" of $332.  So, what do they provide?

When you purchase a Walk Away Protection Plan & Kit we commit to helping you through the entire process. You will get over 50 years of combined Real Estate and Law experience to help you know and understand your rights.  If You qualify for our Plan, your lender WILL NOT be able to call you in attempt to collect.  Your lender WILL NOT be able to collect any deficiency or loss they may receive by you walking away. You WILL be able to stay in your home for up to 8 months or more without having to pay anything to your lender.  It’s important to act now before it’s to late. 

Will I owe any money to my lender?

If you qualify and follow our steps, you shouldn’t have to pay anything.

Should I hire an attorney?

There are certain circumstances when an attorney is needed, however, hiring an attorney can be expensive with retainers and high hourly fees. With our Walk Away Protection Plan & Kit, we correspond with your lender if needed and we teach you, so you can do it all yourself. Attorneys have helped us put together our Walk Away Protection Plan & Kit so it contains information that attorneys may give you anyways. This alone can save you thousands of dollars.

How much is your service?

With our money back guarantee, you get it all for only $995.00. This can be made in three easy payments of $332.00. Regular price is $1,195.00. For a limited time only price is reduced and subject to change without notice.

Nice… huh?  Don’t pay your bills, but pay us?