Wailea Ekahi Real Estate

President of the Federal Reserve Bank of Atlanta Dennis Lockhart spoke today to a group in New Orleans. Here are some key snippets of his speech: 

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Here is the full text of the bill. Here are some key elements:

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So in the last several days there have been the following major developments:

• The Treasury crafted a plan in which it would buy $700 billion worth of mortgage backed securities from financial institutions;
• The SEC has placed a temporary ban on short-selling 800 financial institutions;
• The Fed has approved Morgan Stanley and Goldman Sachs becoming bank holding companies; and
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The equity markets rocketed today after the Federal Government all but promised a bailout.

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So what do the events of the past week mean for Maui real estate? First, let’s recap the major events:

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Another dramatic day on Wall Street.

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We are pleased to announce the sale of Royal Mauian unit 115. This two bedroom unit sold for $1.035 million. Yet another example of how well the Leading Edge Marketing System works in difficult markets.

In two astonishing pieces of news, giant insurer AIG will receive an $85 billion loan from the fed in return for an 80% interest…

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