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A Humbling Experience

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A Humbling Experience

Mensaje por freedom of expression el Miér Mayo 06, 2009 7:12 pm

by Martin Weiss on May 6, 2009 · 515 comments



martin1 A Humbling ExperienceI am truly humbled by the hundreds of “thank-you” notes you and so many others have posted here this week!

Your notes saying how we’ve helped preserve your wealth and also keep it growing throughout this crisis are my greatest reward — by far.

And as soon as I return to Florida tomorrow, my staff and I will pull out all the stops to give you the answers you’re looking for on my blog.

In the meantime, rest assured: I’m in Washington D.C. right now, working hard for you!

martin2 A Humbling ExperienceYesterday, I delivered more than 57,773 signed petitions to Congress demanding an end to these senseless, damaging bailouts.

I am also delivering our message to key senators and congressmen on both sides of the aisle who sit on the Senate Finance Committee … the Committee on the Budget … the Joint Economic Committee, the Banking, Housing and Urban Affairs Committee and others …

martin3 A Humbling ExperienceYesterday, I delivered our message to the national media at my press conference at the National Press Club — and today, I have follow-up interviews with CNBC … the Associated Press … The Washington Post … USA Today … BusinessWeek and others.

martin4 A Humbling ExperienceI’m convinced that the timing of my meetings with our nation’s top decision-makers couldn’t be more crucial because …

The Next Phase of This Crisis is Beginning NOW!

Just today, we’re learning that Washington’s stress tests are showing that despite the hundreds of billions of dollars Washington has already thrown at our banks …

Bank of America will need an additional $34 billion of OUR MONEY to survive — and more than half of the other 19 banks will also need many billions more.

Plus, this morning, we had a sneak preview of the next shoe to drop in this crisis: Major cracks are now appearing in the commercial real estate market!

The Financial Services Roundtable — the leading banking and finance industry group — just warned that thousands of commercial mortgages valued at hundreds of billions of dollars are now approaching renewal dates …

And that as many as TWO-THIRDS of the companies that pay these mortgages will NOT qualify for refinancing!

THE QUESTIONS OF THE DAY:

What do YOU think will happen in the stock market when the full results of these bank stress tests are released?

How will Real Estate Crash II — the collapse of the commercial real estate industry impact the banks that now hold these mortgages?

What investments do you see GOING UP as the next phase of this crisis begins?

Be sure to click here to post your responses — and be sure to check in tomorrow as my staff and I begin answering your questions!

Good luck and God Bless!

Martin

http://blogs.moneyandmarkets.com/martin-weiss/

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