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This is a must read story published in the NY Times by Joe Nocera of a breakfast meeting he had with Laurie Goodman, a senior managing director of Amherst Securities. Banks loathe the idea of principal reducti.

Just another view on world events related to real estate and the US economy.

Tuesday, December 1, 2009. Where do all the Disgraced Mortgage Executives Live? In Florida of Course. But not only do they live in Florida, they live in a special neighborhood just for these types of bank executives. They all live in an upscale subdivision in beautiful, sunny Fort Lauderdale, Florida aptly named Shady Banks, where the homestead laws favor unsavory characters of this sort. Yes, this picture does not lie and many former mortgage executives live there. 21 of them to be exact.

Schedule of activities for my group. Tuesday, December 30, 2008. I want a federal form of government instead of our current centralized republican model. I want my children to learn to speak well in my native language. I want them to learn about their abcs in Bisaya and not in tagalog. In our current situation, even the speaking of Bisaya is prohibited in school! Bisaya must be taught alongside English.