RECENT BLOG POSTS
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Treasury Secretary Paulson made history Friday in the following ways. 1) He announced the Exchange Stabilization Fund which is basically a 50 billion dollar FDIC for the failing financial sector. 2) He ended the short selling, taking the speculators of the financial stocks. We saw a big gain on ...
09/20/2008
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Prime Lending is a division of Plains Capital, the 2nd largest commercial bank in Texas. We are a solid and very, very strong company. Our CEO Alan White sent me this email this morning and I thought I couldn't have written anything better for my blog today. The news on the street is dramatic...
09/15/2008
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I couldn't think of a better title for this blog posting. When the government decided to exercise their option to put Fannie and Freddie into a conservatorship, it was meant to stabilize the market. We have seen a little confidence creep back into the market in that our mortgage interest rates ...
09/13/2008