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Bet Against the American Dream from Alexander Hotz on Vimeo.

In his speech, Bill Gates touts TerraPower reactors that can be fueled by nuclear waste as one possible solution. Is nuclear power the answer? I don't know, but at the very least Gates should be applauded for highlighting the need for immediate innovation in the energy sector. The value of having someone of Gates's stature talk about getting to net zero CO2 can't be overstated. What do you think?

click here for the real beauty from our friends at VisualEconomics.

Charlie Rose which not enough people watch because he is on PBS did an excellent interview with Prince Alwaleed. I have known of the Prince for sometime because of his massive ownership stake in Citigroup. But most recently they purchased The Four Seasons Hotel brand along with Bill Gates. The interview is wide ranging from the Middle East, his investments, global change, China. Take a look. If you get bogged down with the Mid-East political talk Charlie draws him into, just skip ahead as there are some real insights here.
The video is here. No imbed available.

We found a beautiful interactive chart from the Economist, comparing Houses prices in 21 countries. Looks like the housing bubble was mostly global (Canada being one of the notable exceptions as they have a much different mortgage market).  Click here to visit Economist site.

Mr JumboMortgage can give the readership hundreds of examples of great money good credit borrowers(doctors, lawyers, engineers, etc) that were not approved(or no program avail) by the 'Too Big to Fail' banks that we had/have accounts with that ended up getting a solid loan with a credit union or insurance company. If you or someone you know needs a jumbo loan or wants to lock in a great fixed jumbo mortgage rate we are backed by a credit union where money is lent the old fashioned way. Spread the word on moveyourmoney.info project that www.huffingtonpost.com is pushing because of a dinner that Arianna and her friends had on Dec 28th after being so feed up with the meltdown and casino capitalism.

US_Credit_Kiesel_Picking_Winners_January -

The Angel of Christmas Present Wishes You & Your Family a Merry Christmas! May Santa bring you joy and fond memories.

From the interview:

From TIME Magazine: Person of the Year 2009 Extended Interview

TIME: Do you have a mortgage?


Bernanke: Oh, yes, we refinanced.


TIME: Oh, perfect. When?


Bernanke: About 5%. A couple of months ago.


TIME: Good time.


Bernanke: Yes. We had to do it because we had an adjustable rate mortgage and it exploded, so we had to.


TIME: So, did you get a fixed rate at 5%? I think this might be the most valuable piece of information. (Laughter.)


Bernanke: Thirty years fixed rate at a little over 5%.

So Bernanke refinanced into a loan with a higher interest rate and with a larger mortgage payment for the security of a fixed rate. This suggests he thinks fixed mortgage rates have bottomed (otherwise he could have paid less on his mortgage, at a 3.75% interest rate, and then refinanced next year). He did not "have to do it".


At least he was smart enough to know that mortgage rates aren't going to be lower in the proverbial "future." Now about the handling of the dollar and the unemployment rate.. another post entirely.

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