They All Have Indigestion

I Hope They Have Some Tums Hiding someplace in the Briefcase

Last week, I made an offhand comment about Paulson always looking like he has indigestion: and rightfully so. The past three weeks have proven amazingly complex and astonishing, with some of the largest financial institutions buckling under a recent but persistent history of gambles with questionable financial products to the public and structured investment vehicles (SIVs) that outwitted them.

So, to keep the mood light, I thought I'd prepare a little slide show for you of the financial architects behind the series of patches resolved to carry these limping institutions to some area of amnesty. I think they all have indigestion...


Here Paulson doesn't know (much like his BusinessWeek Interview) for sure, but he thinks it might have been the Mexican Food from the roach coach out front...


Senator Dodd (D.), Senate Banking Committee Chairman, wonders what the heck Paulson is thinking, calls the current plan "unacceptable," and really, really regrets eating that extra donut left behind in the lunchroom.




Ben Bernake wonders how long it will take for the Indian food from the all-you-can eat lunch buffet to settle. He is focused right now on suppressing his gas.



President Bush responds to the memo from Bernake about the lunch buffet, saying it's not his fault if Bernake can't stick to his diet. Bernake responds to Bush by telling him to go choke on a
pretzel.


President Bush calls in Alan Greenspan to combat the lunch-buffet accusations beset by Bernake. Greenspan knows better. Look at his face.

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Weekly Release!

Hi Everyone,
I'd like to share some new enahancement to MyPropFolio with you.

• The Contact Import functionality has been expaned and includes all fields from the Contact Detail tab in the "Contact Detail: Overview" section.


• No more navigating to the System Config to add Contact Types or Group to your drop down lists. Look for a little button with plus sign next time you're viewing a details of a Contact. By clicking this button, you can quickly add values to your drop down list.

Have a great weekend and thank you for using MyPropFolio!

There Will be No Protesting Today

Fannie and Freddie join the Bush Family

The Bush Administration stepped in last week at what appeared to be an eleventh-hour during a top-down financial crisis that began long before the introduction of the sub-prime loans. Lots of reporters are vying to get more information on what the next steps might be, and there are thousands of hypothesis being created due to an altogether lack of information about what the government's next steps might be in their intervention.

The crucial thing to remember here--and why this is unprecedented--is that the government is literally stepping in to save Fannie/Freddie shareholders from terrible losses. Yes, a government is taking responsibility for public investors. Just so you know, the largest shareholders in Fannie and Freddie are mostly overseas governments, and here they are in ranking order: 1) China 2) Japan 3) Russia 4) South Korea 5) Taiwan...

Last week on the "Next Gen Webinar," I delivered a report on Fannie and Freddie, and posted a picture/article from the WSJ that was all about the Treasury Secretary Hank Paulson. I made a joke about how I would want to interview him, contrary to his closed-off demeanor to the public during a time when all that is wanted and needed is communication.

Well, Maria Bartiromo from Business Week must have read my mind, as she scored an interview with him. Never in my life--aside from interviews with Michael Jackson about his plastic surgery--had I read an interview with so many non-answers:

1) Are there plans afoot to take over Lehman...?
"I can't comment on any specific company in the news today."

Oh, you can't? As the Treasury Secretary?

2) Most Americans want to know when we will see this dramatic move to stop the slide in homeprices...
"I'm not prepared to project (this)...

Oh, your're not prepared to make projections? As the Treasury Secretary?

3)Is it fair to say, as the head of a private equity firm suggested to me yesterday, that this will cost taxpayers several hundred billion dollars?
"I certainly have not come up with that estimate."

That is actually his complete, verbatim answer there.

When the government intervenes it should be for the good of its public, not for the good of foreign shareholders. What's more, would it have been so terrible to let Fannie and Freddie fail? Rather than prop up a system of foreign investors using an already strapped population of taxpayers, there comes a time when it is best to admit that a system just didn't work, abandon it, and reinvent and evolve the system with new understanding.

The new, incoming administration, much like the American people, will be left to deal with a resolution once the unexplained behavior of this current administration. And as when we were appointed a president rather than voting for one, there will be no protesting today.

New Features!

Hi Everyone,

I'm happy to announce we've added some new enhancement to MyPropFolio. All the new addition where made to the CRM solution.

• We've added 2 new drop down list in the Contact Upload section. You now have the ability to attach Product and Group to the contacts you import. This new feature will allow you to immediately assign steps to contact as their uploaded.

• New filters for Contact Search. Navigate to the Contact Overview and you'll find two new drop down lists containing Product and Groups. We've given you the ability to search on these two values.
  

Have a great weekend everyone

Weekly Release Update

Hi Everyone,

This week we are not releasing any new features. Our efforts have been focused on building the community and a new MyPropFolio outlook plug in. This is a very exciting time for us. The community will be a great new addition on top of the great functionality in MyPropFolio. We're coming close to our public release. Stay tuned.

As always, we are open for any questions, suggestions or comments. Please email us a info@mypropfolio.com

Have a great weekend.