On Monday June 18, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (14:42)
Louis discusses the situation in Greece. Louis noted that the Greeks voted to keep the pub open well passed happy hour. Louis discusses the United States’ debt levels vs Greek debt levels. Ryan notes that the winning New Democracy party in the Greek elections said they are committed to a $300 billion bailout.
Louis notes that its like a person who is extremely drunk at a bar pronouncing that he is committed to doing 12 more shooters. Louis discussed how the Federal Reserve debases the currency.
Ryan notes that the Federal Reserve provided $4 trillion in loans to banks whose executives served as directors for the Federal reserve. Louis discusses fractional reserve banking.
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