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Wednesday, July 29, 2009

Keep the Fed Independent?


Federal Reserve Chairman Ben Bernanke is striving to maintain the central bank's independence, but legislation that has garnered much support in the House would require the Government Accountability Office to audit the Fed's activity. Bernanke said such audits would not be "consistent with independence." "I don't think the American people want Congress running monetary policy," Bernanke said at a recent town hall meeting in Kansas City, Mo.

 

White House calls for more mortgage modifications


Senior officials with the Obama administration met with bank executives to increase efforts to curb foreclosures. The Treasury is encouraging bankers to ramp up efforts to modify mortgages and help struggling homeowners. Making Home Affordable, the government program launched in March, has helped about 200,000 homeowners modify their loans. The Treasury wants 500,000 mortgage modifications by Nov. 1.

 

World Watch :: Nigeria Civil Unrest Flares Up

 
A Nigerian official says 4,000 people have fled their homes in the northern city of Maiduguri as troops and Islamist militants fight gunbattles for a fourth day.
 
 
 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

Monday, July 27, 2009

Legacy Capital Book (new audio series)

Legacy Capital Book  (audio book series)

The Legacy Capital audio book series is here! 
Live reading sessions of the Legacy Capital Book, with special features and bonus commentary from the author.  Each session is just 5-7 minutes.. So you can enjoy the entire book at your own pace. Perfectly convenient.



You can download the audio files to your iPod, PC or PDA, mobile phone.
Be sure to bookmark this page. <<ALT+Z>> or <<CTRL+D>>


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            Bonus Features
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Ready for more?
Look out for our new book "Win the 401k Game"
Connect with the author... (Legacy Capital Network, Linked In, Facebook, Twitter)
Victor Lloyd Smith

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Special thanks to Laurence B. Smith for his outstanding reading and hosting the live sessions for the audio book series. Also "Thank You" to LEX (Denton A. Smith) for managing the digital distribution of the Legacy Capital Book series.

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Click here to get your copy  (Amazon, Barnes & Noble, audio book, e-book: Quick Download)  
Legacy Capital: The Driving Force of the American Dream
www.LegacyCapitalBook..com



Victor Lloyd Smith
Millennium Lyon Asset Management

 







Monday, July 13, 2009

Legacy Capital Book Signing (NYC) :: Thurs 07/16/09 @ 6:30pm

***YOU'RE INVITED.  SAVE THE DATE***
 
Legacy Capital Book Signing (NYC)
(Networking & Cocktails) 
 
Time:         Thurs July 16, 2009 (6:30pm to 8:30pm)
Location:     Las Chicas Locas
Street:        160 West 25th Street  NYC, NY
RSVP:        ***Click here to RSVP***
Phone:        347-426-7879
Hosted by:   Victor Lloyd Smith, Margaret Bruce (IMeetMarket)

FYI:  Legacy Capital Book is now on sale at Target. 
Target.com Home Page 
 
All the Best
-Victor
   

Click here to get your copy  (Amazon, Barnes & Noble, Target, e-book: Quick Download)  

Legacy Capital: The Driving Force of the American Dream
www.LegacyCapitalBook.com

 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

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Subprime Mortgage Fallout - Spark REO Market

 
Subprime-mortgage bondholders are flooding the housing market with homes that are being sold at significantly reduced prices, resulting in downward pressure on the market. "While the banks are trying frantically to get loans off their books, they face the problem of large shadow inventories of housing being dumped on the market, which would depress prices further," said Anthony Sanders, a professor at George Mason University.

Victor Lloyd Smith

Millennium Lyon Asset Management

 

Sunday, July 12, 2009

Obama IRA: Mandatory Retirement Savings Plan?

Retirement Saving: Soon Mandatory?

President Obama wants more of us to save for retirement, but does his plan to legislate automatic enrollment add up?

 
full article

Monday, July 06, 2009

5 Housing Markets That Have Further to Fall

 
Think twice before buying a house in these cities any time soon..

Home buyers looking for a bottom in the real estate market may have been encouraged by housing data released earlier this week. Sales of existing homes rose 2.4% in May, according to the National Association of Realtors. The increase was a little less than most analysts had expected, but it represented the second straight month of improvement. Meanwhile, sales of new homes dipped 0.6% in May, continuing a trend of fairly flat months so far this year, according to data released by the Commerce Department.

 

Don't get too excited – it's still too early to say the housing market bottomed out, analysts and economists say. Distressed properties still account for about a third of all sales, and 29% of sales were to first-time home buyers, who are currently benefiting from an $8,000 tax credit.

 

full article

 

Millennium Lyon Asset Management