Nov
20
2007
Credit Smart workshop on Saturday, Dec. 1
By Charles TurnerNo credit for originality here. Consider this today’s public service announcement. Straight out of the Sunday Real Estate Section of the Oregonian:
The Community Housing Resource Center, 2700 N.E. Andresen Road, Suite D3, Vancouver, is offering a free CreditSmart workshop on Saturday, Dec. 1, 9 a.m. to 2 p.m. CreditSmart, a curriculum developed by Freddie Mac, explains how to build wealth, reduce expenses, manage money, use credit wisely, plan for a financial future and set goals such as buying a home. The Community Housing Resource Center currently offers the workshop bimonthly, but will offer it every month starting in January. To register, or for information about future workshops, call 360-690-4496, ext. 101.
“curriculum developed by Freddie Mac, explains how to build wealth”
Build wealth with $2Bn losses this qtr ?
As an aside I think today’s announcement puts the nail in the coffin of the housing market – with Freddy and Fannie losing cash hand over fist and Freddie going to the banks cap in hand – I feel another leg in the credit crunch starting.
uncle_git: my thoughts exactly. Freddy & Fannie haven’t been very good at managing their money, I’m not sure I want them to tell me how to manage mine. I’d prefer Dave Ramsey’s advice any day – “CreditSmart” eh? The only smart way to use credit is to not use it.
BTW: Europe has suspended Mortgage Bond Trading . Yeah, kind of like a bank holiday or something. Why do I have a bad feeling in the pit of my stomach? This can’t be good.
Rumour has it FRE needs another 60 b to cover future losses.
ACA (mortgage insurer) is trading at 85c.
Ruh Oh.