[HarryBosch]

FDIC adds staff for bank failures

http://www.washingtontimes.com/article/20080326/BUSINESS/560174054/1006

Federal bank regulators plan to increase staffing 60 percent in their bank-failure division in coming months to handle an anticipated surge in troubled financial institutions.

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said yesterday.

“We want to make sure that we’re prepared,” Mr. Bovenzi said, adding that most of the hires will be temporary and based in Dallas.

(Another sign of our worsening economy.)

[HarryBosch]

Jensen,

I have some attorneys in the family tree. None of them went to brand name recognition law schools. All are doing very well for themselves with incomes ranging from $250K to $1M+.

The ones doing very well have their own law practice. One of them has no attorneys working for him other than himself – he practices in the workers comp field, which, even though the laws are not as favorable to workers comp claims as they once were, he still earns a very high standard of living. The other attorney in our family who has his own law practice does have several attorneys working for him. He handles corporate bankruptcies and during bad times he does especialy well. The dot com bust era was a boom for his business.

To summarize, if you want to practice (lucrative) law, follow the money 🙂

But above all, as others have said before, do what you enjoy and success will follow.

Not earth shattering but definately words of wisdom.

[HarryBosch]

Jensen,

I have some attorneys in the family tree. None of them went to brand name recognition law schools. All are doing very well for themselves with incomes ranging from $250K to $1M+.

The ones doing very well have their own law practice. One of them has no attorneys working for him other than himself – he practices in the workers comp field, which, even though the laws are not as favorable to workers comp claims as they once were, he still earns a very high standard of living. The other attorney in our family who has his own law practice does have several attorneys working for him. He handles corporate bankruptcies and during bad times he does especialy well. The dot com bust era was a boom for his business.

To summarize, if you want to practice (lucrative) law, follow the money 🙂

But above all, as others have said before, do what you enjoy and success will follow.

Not earth shattering but definately words of wisdom.

[HarryBosch]

Jensen,

I have some attorneys in the family tree. None of them went to brand name recognition law schools. All are doing very well for themselves with incomes ranging from $250K to $1M+.

The ones doing very well have their own law practice. One of them has no attorneys working for him other than himself – he practices in the workers comp field, which, even though the laws are not as favorable to workers comp claims as they once were, he still earns a very high standard of living. The other attorney in our family who has his own law practice does have several attorneys working for him. He handles corporate bankruptcies and during bad times he does especialy well. The dot com bust era was a boom for his business.

To summarize, if you want to practice (lucrative) law, follow the money 🙂

But above all, as others have said before, do what you enjoy and success will follow.

Not earth shattering but definately words of wisdom.

[HarryBosch]

Jensen,

I have some attorneys in the family tree. None of them went to brand name recognition law schools. All are doing very well for themselves with incomes ranging from $250K to $1M+.

The ones doing very well have their own law practice. One of them has no attorneys working for him other than himself – he practices in the workers comp field, which, even though the laws are not as favorable to workers comp claims as they once were, he still earns a very high standard of living. The other attorney in our family who has his own law practice does have several attorneys working for him. He handles corporate bankruptcies and during bad times he does especialy well. The dot com bust era was a boom for his business.

To summarize, if you want to practice (lucrative) law, follow the money 🙂

But above all, as others have said before, do what you enjoy and success will follow.

Not earth shattering but definately words of wisdom.

[HarryBosch]

Jensen,

I have some attorneys in the family tree. None of them went to brand name recognition law schools. All are doing very well for themselves with incomes ranging from $250K to $1M+.

The ones doing very well have their own law practice. One of them has no attorneys working for him other than himself – he practices in the workers comp field, which, even though the laws are not as favorable to workers comp claims as they once were, he still earns a very high standard of living. The other attorney in our family who has his own law practice does have several attorneys working for him. He handles corporate bankruptcies and during bad times he does especialy well. The dot com bust era was a boom for his business.

To summarize, if you want to practice (lucrative) law, follow the money 🙂

But above all, as others have said before, do what you enjoy and success will follow.

Not earth shattering but definately words of wisdom.

[HarryBosch]

Well this also sucks for me. I hate to admit to being a FB. I’m one of the ones with an interest only loan who refinanced it back in summer of 2006. I went from a neg am to an I/O loan – yes I know I was a fool to have done it and I was a fool to have had a neg am. I thought I’d make up the difference with extra work – my house payment went up 57% in one month and it has been a nightmare ever since.

Now I’m in the process of short selling my house. So just as I exit my house and become a renter I will watch others who were in my situation now get to keep their homes at affordable rates. My income is $130K a year so I could make payments on an affordable mortgage but my last refi caused me major pain. I am not a speculator – just a guy who has tried to support a family of four on his own for the last 22 years and tried to do everything within his means to keep them in a house.

Something else to mention here: the lenders also took their share of equity out of my house. I refinanced twice during the last four years – yes, stupid – and each time the lenders took money out of my house to pay for prepayment penalties that totaled at least $36,000. Then add in all their “fees” and it amounted to about $60,000 taken out of my house as “fees” and “costs” for the lenders. That’s $60,000 that I never saw, that I never touched, that I never spent on cars, toys, vacations, etc.

And, yes, I agree with you that I never “owned” it. I was just a renter and my landlord was a mortgage backed security. And what does a mortgage backed security know about being a landlord !?!

[HarryBosch]

Well this also sucks for me. I hate to admit to being a FB. I’m one of the ones with an interest only loan who refinanced it back in summer of 2006. I went from a neg am to an I/O loan – yes I know I was a fool to have done it and I was a fool to have had a neg am. I thought I’d make up the difference with extra work – my house payment went up 57% in one month and it has been a nightmare ever since.

Now I’m in the process of short selling my house. So just as I exit my house and become a renter I will watch others who were in my situation now get to keep their homes at affordable rates. My income is $130K a year so I could make payments on an affordable mortgage but my last refi caused me major pain. I am not a speculator – just a guy who has tried to support a family of four on his own for the last 22 years and tried to do everything within his means to keep them in a house.

Something else to mention here: the lenders also took their share of equity out of my house. I refinanced twice during the last four years – yes, stupid – and each time the lenders took money out of my house to pay for prepayment penalties that totaled at least $36,000. Then add in all their “fees” and it amounted to about $60,000 taken out of my house as “fees” and “costs” for the lenders. That’s $60,000 that I never saw, that I never touched, that I never spent on cars, toys, vacations, etc.

And, yes, I agree with you that I never “owned” it. I was just a renter and my landlord was a mortgage backed security. And what does a mortgage backed security know about being a landlord !?!

[HarryBosch]

Well this also sucks for me. I hate to admit to being a FB. I’m one of the ones with an interest only loan who refinanced it back in summer of 2006. I went from a neg am to an I/O loan – yes I know I was a fool to have done it and I was a fool to have had a neg am. I thought I’d make up the difference with extra work – my house payment went up 57% in one month and it has been a nightmare ever since.

Now I’m in the process of short selling my house. So just as I exit my house and become a renter I will watch others who were in my situation now get to keep their homes at affordable rates. My income is $130K a year so I could make payments on an affordable mortgage but my last refi caused me major pain. I am not a speculator – just a guy who has tried to support a family of four on his own for the last 22 years and tried to do everything within his means to keep them in a house.

Something else to mention here: the lenders also took their share of equity out of my house. I refinanced twice during the last four years – yes, stupid – and each time the lenders took money out of my house to pay for prepayment penalties that totaled at least $36,000. Then add in all their “fees” and it amounted to about $60,000 taken out of my house as “fees” and “costs” for the lenders. That’s $60,000 that I never saw, that I never touched, that I never spent on cars, toys, vacations, etc.

And, yes, I agree with you that I never “owned” it. I was just a renter and my landlord was a mortgage backed security. And what does a mortgage backed security know about being a landlord !?!

[HarryBosch]

Well this also sucks for me. I hate to admit to being a FB. I’m one of the ones with an interest only loan who refinanced it back in summer of 2006. I went from a neg am to an I/O loan – yes I know I was a fool to have done it and I was a fool to have had a neg am. I thought I’d make up the difference with extra work – my house payment went up 57% in one month and it has been a nightmare ever since.

Now I’m in the process of short selling my house. So just as I exit my house and become a renter I will watch others who were in my situation now get to keep their homes at affordable rates. My income is $130K a year so I could make payments on an affordable mortgage but my last refi caused me major pain. I am not a speculator – just a guy who has tried to support a family of four on his own for the last 22 years and tried to do everything within his means to keep them in a house.

Something else to mention here: the lenders also took their share of equity out of my house. I refinanced twice during the last four years – yes, stupid – and each time the lenders took money out of my house to pay for prepayment penalties that totaled at least $36,000. Then add in all their “fees” and it amounted to about $60,000 taken out of my house as “fees” and “costs” for the lenders. That’s $60,000 that I never saw, that I never touched, that I never spent on cars, toys, vacations, etc.

And, yes, I agree with you that I never “owned” it. I was just a renter and my landlord was a mortgage backed security. And what does a mortgage backed security know about being a landlord !?!

[HarryBosch]

Well this also sucks for me. I hate to admit to being a FB. I’m one of the ones with an interest only loan who refinanced it back in summer of 2006. I went from a neg am to an I/O loan – yes I know I was a fool to have done it and I was a fool to have had a neg am. I thought I’d make up the difference with extra work – my house payment went up 57% in one month and it has been a nightmare ever since.

Now I’m in the process of short selling my house. So just as I exit my house and become a renter I will watch others who were in my situation now get to keep their homes at affordable rates. My income is $130K a year so I could make payments on an affordable mortgage but my last refi caused me major pain. I am not a speculator – just a guy who has tried to support a family of four on his own for the last 22 years and tried to do everything within his means to keep them in a house.

Something else to mention here: the lenders also took their share of equity out of my house. I refinanced twice during the last four years – yes, stupid – and each time the lenders took money out of my house to pay for prepayment penalties that totaled at least $36,000. Then add in all their “fees” and it amounted to about $60,000 taken out of my house as “fees” and “costs” for the lenders. That’s $60,000 that I never saw, that I never touched, that I never spent on cars, toys, vacations, etc.

And, yes, I agree with you that I never “owned” it. I was just a renter and my landlord was a mortgage backed security. And what does a mortgage backed security know about being a landlord !?!

[HarryBosch]

Wonderful. One more thing for me to worry about. Thanks for the heads-up on this.

[HarryBosch]

Wonderful. One more thing for me to worry about. Thanks for the heads-up on this.

[HarryBosch]

Wonderful. One more thing for me to worry about. Thanks for the heads-up on this.

[HarryBosch]

Wonderful. One more thing for me to worry about. Thanks for the heads-up on this.

[Author]

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