How does the $250 Billion Bank Stabilization Program have anything to do with real estate?
In my opinion the two go hand in hand, and if we want to actually see substantial growth and rebound in our market, both real estate and financial institutions need to be on the same path.
This plan’s goal is to stabilize the United States banking system. In essence, this legislation will allow the government to purchase stocks in 9 major banks around the country. Then, as financial markets start to recover, these banks will buy the stock back from the United States government.