» Big Boss Man http://www.americanstreetblog.com/blog1 Your platform for voicing your opinions about the housing market. Fri, 18 Jul 2008 14:26:21 +0000 http://wordpress.org/?v=2.3.3 en Chuck Norris and the Economy http://www.americanstreetblog.com/blog1/2008/03/26/chuck-norris-and-the-economy/ http://www.americanstreetblog.com/blog1/2008/03/26/chuck-norris-and-the-economy/#comments Wed, 26 Mar 2008 15:59:50 +0000 amirhsyed http://www.americanstreetblog.com/blog1/2008/03/26/chuck-norris-and-the-economy/ Mark Gilbert of Bloomberg has a hilarious list (http://chucknorrisfacts.com ) of ways of how Chuck Norris controls the economy:

YouTube Direktvideo link

  1. Chuck Norris doesn’t target inflation, he roundhouse-kicks it until it begs for mercy.
  2. Chuck Norris doesn’t supply collateral, only collateral damage.
  3. The tears of Chuck Norris would supply enough liquidity to solve the credit crisis. Too bad he never cries.
  4. When the yield on a Chuck Norris bond goes up, the price also rises.
  5. Chuck Norris trades on fear and greed simultaneously.
  6. Alan Greenspan calls Chuck Norris “The Maestro.”
  7. Chuck Norris Asset Management made 50 percent on its subprime mortgage-backed bond fund last month.
  8. Chuck Norris doesn’t borrow at the Fed’s discount window. Chuck Norris LENDS at the Fed’s discount window.
  9. Chuck Norris’s curves never invert.
  10. Chuck Norris doesn’t buy gold to hedge against inflation. Gold buys Chuck Norris to hedge against inflation.
  11. When the U.S. economy sneezes, the world catches a cold. When Chuck Norris sneezes, the U.S. economy catches pneumonia.
  12. When Chuck Norris makes you a price, it isn’t an offer; it’s an obligation to buy.
  13. Chuck Norris isn’t a market maker; he IS the market.
  14. Chuck Norris has a trade surplus with China.


]]> http://www.americanstreetblog.com/blog1/2008/03/26/chuck-norris-and-the-economy/feed/ SubPrime Mess http://www.americanstreetblog.com/blog1/2008/03/25/subprime-mess/ http://www.americanstreetblog.com/blog1/2008/03/25/subprime-mess/#comments Tue, 25 Mar 2008 17:34:17 +0000 amirhsyed http://www.americanstreetblog.com/blog1/2008/03/25/subprime-mess/ What really happened with subprime? Why does my mom ask me every week, “Are you a bad subprimer mortgage person?” The sad part is, that in 2005, someone with a 560 FICO was getting 100% financing on a $400,000 house without a job. “Bad subprimer mortgage persons” would simple make a job up out of no where and state an exuberant income that a bank would not verify. “On your application, Mr. Borrower, you are not a busboy at Lupe’s Restaurant, but the ‘Waiter’s Head Assistant’ making $7,000 monthly”. Now here is the irony…

BusBoyJust recently, we had a borrower with a 795 FICO score, wanted a 15 year mortgage, didn’t need any cash and has $800,000 in assets! But nooooo, he could not get a loan because he just recently decided to become self-employed after working for Motorola for 20 years. Unbelievable! GO FIGURE (http://www.goofigure.com/).

Another day in the mortgage world!

]]> http://www.americanstreetblog.com/blog1/2008/03/25/subprime-mess/feed/ Coming to America http://www.americanstreetblog.com/blog1/2008/03/21/intro-by-the-boss/ http://www.americanstreetblog.com/blog1/2008/03/21/intro-by-the-boss/#comments Fri, 21 Mar 2008 17:40:32 +0000 amirhsyed http://www.americanstreetblog.com/blog1/2008/03/21/intro-by-the-boss/ Coming to America!

Welcome to the American Street Blog, powered by American Street Mortgage Company and You (yes you).

With all the bad news in the housing market, we thought to create a site where you, your mamma and cousin too, can post pictures, photos, video, comments and your bank account number (just kidding), regarding housing. (It’s exciting, stop yawning??)

First things first, why housing and not the Jesse White Tumbling Team or kite flying? Well, real estate is one of the biggest decisions or investments a majority of Americans will ever make. It is a huge catalyst (2003) or burden (2007…) for our economy.

What is the point of our little undertaking here: to form an unbiased, gloves off platform for everyone to voice an opinion on various topics and experiences. However, please take it easy on the mortgage people, there are some good and knowledgeable ones you know.

We will, God willing, make it through this housing storm, because we are “America Jack, and God Blesses America. Everyone wants to come to America, ask Akeem!”

Amir Syed

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