The Loan Modification Blog

Citigroup buys a new $50 Million Dollar Jet, It's much more fuel efficient...Reeeeally?

Corey Goldstein asked me to post this aritcle on the blog...

After Bailout, Lavish Spending Lives On

Luxury Jets, Oceanfront Homes Reveal A Very Different Attitude By Citigroup, Ex-Lehman Brothers Head

So while friends and family are losing their homes, the government bails out Citigroup and they decide in their wisdom to buy a new jet for $50 million. Stating for the record that they sold other jets and decided to be more energy efficent

Hey what about losing the jets altogether and flying commercial?

This is simply infuriating the public and many of us that hold or at one point held any citibank credit card debt. An earlier post on this blog revealed the recent up in credit card rates why?   To pay back the bailout and buy a new jet.

Adding further salt to the wound the former Lehman Brothers Chairman and CEO Richard Fuld apparently has transferred a  $13.7 million (cost in 2004) home to his wife for the minimun cost of $100 bucks to apparently protect it from any judgment connected to the company. 

As you may know he represented the company as strong when it really was not and it went under. The first real sign of the economic times that are here. 

So when you think about you and your own financial situation. Don't be afraid to ask for help and see if Loan Modification could help your situation.

How angry does this make you? 

Do you feel as though they have the right to make these moves?

Please Comment below...

Need a Loan Modification? Call 858-270-0251Find out the benefits of lowering your mortgage payments with our Proven & Certified, Attorney based Loan Modification Program. We may be able to reduce you payments 20 or 30% or more ….and have you back on track to financial health and put your past where it belongs…the past!!! Free Loan Modification Podcast Click Here Corey Goldstein founder ofFixMyReport.cn Expert on credit and commercial financing for investors, builders and developers. Extraordinary solutions for unique clients. We invite you to Subscribe to the Blog and/or the email list.

FDIC's Sheila Bair believes in Loan Modifications...

Sheila Bair, chairperson of the Federal Deposit Insurance Corporation (FDIC), believes that mortgage renegotiations are the best way to resolve the current housing crisis.

While Sheila Bair believes in Loan Modifications or mortgage renegotiation she is continuing to find deep criticism for her view.

I think the harder thing for these critics to acknowledge is that we are halfway there, meaning that the foreclosures have not and will not stop. So while all the players are bickering about how to handle the situation  people are losing their homes and the market is further deflating. Like a balloon losing air..HSSSSS

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Need a Loan Modification? Call 858... Find out the benefits of lowering your mortgage payments with our Proven & Certified, Attorney based Loan Modification Program. We may be able to reduce you payments 20 or 30% or more ….and have you back on track to financial health and put your past where it belongs…the past!!! Free Loan Modification Podcast Click Here Corey Goldstein founder of FixMyReport.com An Expert on credit and commercial financing for investors, builders and developers. Extraordinary solutions for unique clients. We invite you to Subscribe to the Blog and/or the email list.

New Video, FixMyReport.com Corey Goldstein Speaks at the California Association of Mortgage Brokers

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Need a Loan Modification? Call 858-270-0251
Find out the benefits of lowering your mortgage payments with our Proven & Certified, Attorney based Loan Modification Program. We may be able to reduce you payments 20 or 30% or more ….and have you back on track to financial health and put your past where it belongs…the past!!!

Free Loan Modification Podcast Click Here
Corey Goldstein founder of FixMyReport.comAn Expert on credit and commercial financing for investors, builders and developers. Extraordinary solutions for unique clients.

We invite you to Subscribe to the Blog and/or the email list.