Fixed rate mortgages have fallen to lowest level since last Spring

November 30th, 2007 12:29 PM

Abu Dhabi 7.5 billion purchase of Citigroup Inc - pros and cons

November 29th, 2007 11:14 PM

  A Wall Street Journal editorial reports negatively about the Abu Dhabi Citigroup purchase.  Manhattan District Attorney Robert Morgenthau felt the deal was not being scrutinized by U.S. officials and that Citigroup's agreement to sell a 4.9 percent stake to the Gulf Arab emirate is a device to avoid scrutiny by the Federal Reserve, which has a 5 percent approval threshold.

  As a former New York City Real Estate Broker through the 80s I watched the real estate market fluctuate 3 times.  The masses fueled a buying market frenzy, but it was the Donald Trumps who purchased homes in a down market predicting an upswing.

 

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