DYMPHNA BOHOLT on Bush's Legacy

Dymphna Boholt has spoken out against the economic ineptitude of the president of the United Sates, George Bush. His policies led to a severe lack of oversight and regulation in the US markets that has led to an unheard of recession; A recession that has effects on us as well.

George Bush had a policy of letting businesses operate however they wanted to operate. His take on the governments’ role was to stay out of the way and let the markets take care of themselves. He failed to realize that markets are run by human beings, and human beings are sometimes corrupt, looking for an opportunity to make a few dishonest bucks.

The US’s financial problems are headline news around the world. However, it is important to remember that there were tremors of economic pain growing underneath the surface for years.

Need I Dymphna remind you of a little known company called ENRON? Does anyone remember what Enron did? They “cooked” their balance sheets and hoarded large sums of money for their corporate officers. Well, their evil practices caught up to them, and thousands of Americans lost their retirement savings.

Economic greed has swept across America in the past seven years of the Bush administration. Bush’s economic policies have left the air ripe for greedy corporations to sweep in and take advantage of the American people, while making record profits. Does Exxon Mobile ring a bell? Exxon Mobile hasn’t been cooking its sheets or unlawfully laundering money like some other American companies. No, Exxon just took advantage of a much needed commodity of the American people. That commodity was oil.

Keep in mind that George Bush is from Texas, the capital of oil production in America. It is no wonder his friends in Exxon Mobile were protected from high taxes and other regulations that could have helped control the price of gasoline in America. Exxon raked in more profits last quarter than any other company in the history of the United States had ever brought in. And they did it on the backs of record high gas prices, causing the American consumer to make a choice between food, or means of transportation to get to work.

The American financial crisis that has swept the globe is not a new one. It has been brewing for years. The list of greedy corporations and corrupt corporations are to numerous to name here. Let’s hope that the next administration can do something about this wave of corporate greed that has overtaken the once proud United States. The entire world, it seems, is at its mercy. Well thats it from Dymphna Boholt for this week.

George Bush Financial Czar by Dymphna Boholt

After somehow winning re-election, George Bush’s ignorance and incompetence really destroyed the US economy. Were Americans that unaware of the president’s stupidity that they gave him 4 more years?

Anyway, Dymphna here and I have a few things to say about the new “financial bailout” package George Bush brought to the table? What a disaster of a plan this was! I mean, did congress not read the part of the bill that gave the treasury secretary sole authority over the 750 billion dollars, with little to no oversight? A lot of questions need to be asked in order to get to the bottom of what happened in the US, because it affects the entire World.

According to Dymphna Boholt's analysis originally, the so called bailout bill was supposed to be used to buy up bad mortgages. I talked about these mortgages and the problems they caused in earlier posts. Anyway, the treasury secretary was granted power to do whatever he wanted to with the money. The bill actually stated that not even the courts could question the secretary’s decision.

An inept congress put a provision in the bill to create an oversight board to watch over the secretary’s moves, however here we are a month later and the board has yet to be set up. Meanwhile, the secretary is out buying up bank stocks at his sole discretion.

Just this week, Hank Paulson, treasury secretary, decided that he wasn’t going to spend the bailout money on the bad mortgages. Hello! The world had to listen to George Bush for a week screaming “Get this bill passed or else the United States will collapse.” In haste, Bush pushed the bill and had it passed through Congress, backwards. And now the greatest economic power in the world has a socialist financial system.

Paulson, under orders of Bush, forced banks to accept bailout money in a group meeting a few weeks back. Many of the banks refused the money, but were told by the new financial czar that they MUST take the money, giving the government partial ownership of the major banks in the United States.

What was Bush thinking? This week, on news that the treasury secretary wouldn’t buy bad mortgages, the world markets plummeted. Again, some lost 5% of their value. George Bush might be finished as president of America, but the failures of his economic policies will have a lasting impact on the worldwide markets.

In Dymphna's final analysis, although world leaders are getting together to attempt a concerted fix, nothing will permanent will occur until after Bush has left Office.

Commercial Property Loans by Dymphna Boholt

Dymphna here with some information regarding commercial property loans. Real Estate investing is going to be a lucrative business over the next few years. Those of you who are smart will begin looking for investment properties to invest in.

Commercial loans are available to businesses and corporations, regardless of the structure. If you own a business, you can seek out a commercial loan. These loans are not only available from banks, but also from private lenders, offering a different funding source with fewer restrictions.

Even though commercial loans are available to your business, they are not easy to get. These loans are generally for larger sums, with shorter payoff times. Because of these standards, the loan application process can be grueling and complicated.

You need to start the lending process by having the property you are interested in appraised. Find a good appraiser who will give a fair appraisal value. If the property appraises for less than the loan amount, you will have a hard time getting the larger amount. That means you will have to negotiate the price down, or make up the difference by putting more money down.

Check your credit before going to the lending institution. Having this information ahead of time will help you fix any errors, thus improving your credit score. Take this opportunity to pay off or at least reduce the amount of outstanding debt you have. Too much outstanding debt could make the lender think your business is overextended, causing them to deny you credit to buy your property.

Choose the right type of commercial loan to go with your needs. There are several different types of commercial loans. If you are only expecting to be in the property for a short period of time, you could get an interest only loan. This type of loan allows you to make payments on the interest only for a few years, usually five, then you have to pay the balance. This is a short term loan and you need to have a definitive exit strategy before signing the contract.

A good long term commercial loan would be a fixed rate loan for 15-20 years. This will help you lock in a steady interest rate, and actually pay off the loan in full by the end of the contract – no balloons. This is a great way to go if you plan on being at your new property for a long period of time.

Here at Dympna Boholt, I am Hopeful, this information will help you in your search for expanding your business. There are some great deals out there right now. Take advantage of it.

Barack Obama: Repair The United States’ Image , says dymphna boholt

Dymphna Boholt here. After watching the amazing rise of the young and exuberant Barack Obama, I am totally confident that the world will stabilize as this man comes to power.

Barrack’s very appearance invigorates compassion toward others. His speech and policies convey a message of hop and change that can be adopted world wide, not just in America.

I believe the world will soon be a better place based on what Barack will do to restore the image of love and compassion that the US once proudly held onto. As he stated from Berlin, in what was a speech for the ages, he is a citizen of the world. Not just America, Barack understands the importance of America coming to grips with the fact that we are all citizens of the world. In today’s climate this thought has reign in the minds of all people. I dymphna saw that speech, and was truly inspired.

The Americans have isolated themselves from world problems for years. They have sat in their hemisphere and ignored pleas of help from dying countries in Europe and Africa, only getting involved when the country has a nice supply of oil.

Barack holds the view that people coming together for a greater good can change even the worst of situations facing our planet. From hunger, global warming, threats of terrorism, and unstable financial markets, Barack believes that humans coming together can withstand any adversity.

Regardless of what the US has thought in the past, Barack will institute policies that will fund global initiatives instituted to bring about global stability. These policies will include a global poverty act. In his early days in the senate Barack signed a piece of legislation that would have the United States fund charities around the world with the intention of ending poverty wherever it exists.

I am proud that we live in this day and age where we get to watch hoe this president will govern. I know this is Australia, but still, it is going to be a glorious rise to power this man takes. And I will be there watching his every move. Hopefully, the rest of the world will support him. Lets see what this young, magnificent Politian can do in this new world of adversity.

High Foreclosures, Cheap Real Estate a History Lesson says Dymphna Boholt

Dymphna here, just got finished doing some exhaustive research on some real estate in California.

Last spring, The United States of America began going through a bit of a crisis surrounding home loans. Apparently, the pompous Americans thought they could go around buying homes, even though they had no means to pay for them; not to mention the immoral practices of predatory lenders to actual make loans to these people. Anyway, worsening financial situations for already strapped middle class Americans, led to a rush of home foreclosures. The wave of sudden defaulted home loans swept the mighty US off its feet, but left some great opportunities for buying real estate.



According to Dymphna's Property Research the hardest hit state was California. California was suffering a localized recession for months prior to the collapse felt nationwide. So there are a lot more properties that were foreclosed on, and have been on the market for a lot longer. This means the time is ripe to buy up some property and hold on to it, because it is only a matter of time till the US economy comes back.



Certain cities were hit harder than others. What happens is businesses go under, or move to other areas where the cost of doing business is cheaper. This leaves whole cities in turmoil, forcing residents to go on welfare or leave the area, leaving homes abandoned.



Stockton, California leads the entire country with foreclosures with 1 in 31 houses foreclosed on. This is an unbelievable stat! That leaves a lot of abandoned properties on the market that can be swept up at unbelievable prices. The median home price was once over $500,000. Now, the median home price is down to $355,000



Sacramento, California didnʼt make the list of most cities with the most foreclosures, it tops a different list. The median home price in Sacramento is down 29%, leading the entire nation with the lowest drop in home prices. If you were going to buy property in the United States, Sacramento is the city you should look into.



Among other cities with high foreclosures and lower home prices are: Riverside, Bakersfield, and Oakland. Looking at the state of the US economy, and more locally the California economy, land and property are the investments of choice. Americaʼs hard times will eventually lend, leaving smart real estate investors very wealthy in the end.

So there you go, I dymphna boholt, have given you a tiny history lesson and an insight into the Californian realestate crisis.

Americaʼs Financial Institutions in Turmoil: Dymphna Boholt's Short History Lesson

Dymphna Boholt here with some thoughts on the recent financial collapse of the American financial institutions. It seems, irresponsible lending practices of greedy American enterprises could cause serious harm to economies around the world.



Americaʼs problems began in the 1990ʼs however; they didnʼt come to fruition until the spring of this year. In 1990 the US government granted power to banks to make home loans to unqualified buyers, just to increase the number of homeowners the USA. Poorly regulated lending practices led to banks offering home loans to people who could not afford them. Greedy corporate lenders were actually lending money to people who had NO income, just to increase their portfolios and manipulate larger bonuses.



With the crushing effects of skyrocketing energy costs, couple with low median incomes, the middle class of the USA began to see their disposable income dry up. Their funds ran out. This caused more and more Americans to foreclose on their homes. Once Fannie May (the institution granted power to guarantee these loans) went under in the summer, banks holding sub prime loans began to collapse.



It wasnʼt just Fannie May and large banks that had stakes in bad loans. Americaʼs leading investment firms like Goldman Sachs, Merrill Lynch, and Lehman Brothers, owned huge amounts of these sub prime loans. Once these loans started going into default at alarming numbers, the worst in decades, the investment firms began losing large amounts of capital, and found themselves going under.



Immediately, on the news of a financial crisis, markets around the World began to fall by 5% and more. The USʼs self made problems caused a chain reaction of sell offs across the globe. Foreign markets began to plunge causing some countries to suspend trading in order to stave off a depression.



Well, itʼs not over. Just this week AIG, Americaʼs largest insurance company, received a second bailout. Currently, the US government owns over 60% of AIG. AIG has assets in nearly every country in the world, including Australia. If AIG canʼt get its act together, you will see some financial troubles coming down the pike locally.



Basically, Dymphna Boholt concludes that the great USA and all their greed and irresponsibility have led to a worldwide economic slowdown. This crisis has shown us one thing. We now live in a global economy. That fact cannot be denied. The US sits alone as one of the last remaining superpowers, but it is time the world held them accountable for the mistakes they make.

Dymphna Boholt on Honeymoon Loans

Hey everyone!

Dymphna here I've just come back refreshed from a great weekend with friends, exploring some coastal cities and have some great new ideas to share with you. As you know, we are living in changing times, and with change comes opportunity. It really warms my heart to see the heart working spirit of so many Australians, striving to turn this economy around and I know that we'll get there sooner rather than later. To keep perspective on the journey, I wanted to share with you some of my thoughts on our current financial market:

Firstly lets examine why the disaster in America occured. With the flood of credit that came to the market with the lower interest rates of the last decade, a product of lax monetary policy led by Alan Greenspan along with global investor's desire for higher returns with protected risk. The result of this process led to a rise in the securitization of loans: banks would re-sell packages of loans into risk-adjusted securities to investors throughout the world. Taking this process a step further, investors should to hedge, or limit, their risk by insuring against the risk on these securities by shorting mortgage banks, buying credit default swaps and becoming more aggressive in lending practices.

Rising property investors such as yourself were inundated with countless loan and mortgage offers, each promising a better structure than the next. As a borrower contemplating real estate financing, always remember: in investing, just as in your personal life, the long-run outcome is what matters.

In fact, the Bank of England recently cut interest rates by 1.5% in an effort to spur investment activity which could have unintended consequences by providing lenders with relatively “easy money” to continue to issue risky mortgage loans, while rate cuts by the US Central Bank had a similar, if less dramatic, effect Before signing eagerly on the bottom line, however, you'll want to make sure this is a financing marriage that can last.

Honeymoon loans are designed with low short-term interest rates (some even have an interest free period), only to kick in high rates and fees after the initial period. Much like an informed bride or groom, you'll want to ensure that you're well positioned to be successful beyond the short run.

In order to do this, make sure that you calculate the “true” cost of the loan over its entire cycle so you can come out with profit and peace of mind. You'll want to make sure you read over any loan agreement carefully so that you understand all of the stipulations, and should retain an attorney who can review the contract in advance of the agreement. Keep in mind that if you have a variable interest rate you may be at the whim of a shifting market, so give yourself as much certainty and stability in the contract as you possibly can. Rather than focusing upon the initial honeymoon period of the loan, consider the costs and benefits of taking on the debt, in light of your investment returns and goals.

I've always kept a positive attitude even during tough times because it's through solving problems and keeping a sense of humor that we've worked through hard times in the past. So, keep your heads up and make the right decisions to get your finances back on track sooner rather than later!

Talk to you soon Dymphna,

Dymphna Boholt on Obama Naysayers

Hey People Dymphna here, Wasn't that acceptance speech amazing. It blew my mind and tears flowed. WOW!!!.

I cannot describe the emotions that went through my mind and heart, regarding that magical moment at that park in Chicago, even all the way back here in Australia, the raw emotions that were being experienced by every one there was amazing and so very pulpable. To see Icons that were there crying was another thing. We could see global icon, Oprah cryingthere eyes out. She was in tears and quite obviously in raptures by the whole occassion. Also there was reverend Jesse Jackson, a very prominent african american civil right leader.

Back here in Australia, both my partner and I popped open a bottle of champers and shared this special once in a life time moment together. What momentous times we live in. First Nelson Mandela free in South Africa now Barack Obama President of the United States of America.

I lookforward with great relish to his Presidency and indeed I hope that he does not dissapoint voters an indeed carries through with his plans to implement all the changes that he needs to do.

Dymphna Boholt and Sandy on the Obama and the US Elections

Dymphna Boholt is rather excited about the start of the voting in the US elections tonight Australian time, in the United States of America. Can't wait and am really really excited to see, how big the result is going to be. If predictions are to be believed Obama is going to romp it in. One crazy prediction that comes right out of left field is that of Karl Rove the supposed brains behind the George Bush junior's rise to power. According to reports on Huffington Post he predicts a crushing Obama Victory.

Alot of folk back here in OZ, hope so too. They have had enough of ill founded policies that have started in America, and have cost Australian Lives on war fronts from the middle east to Afghanistan. We all want change and ineed we want it now. Admittedly the financial situation in America will not be fixed over night once Barack Obama gets into power however hopefully a new clearer fresher perspective on matters will now pervade the white house.

Matters from foreign policy to domestic financial policy can be looked at. If Obama, can get increased numbers of democrats in both the Senate and the Congress, then he will have the numercal mandate to implement his Presidential Policies.

Dymphna is a huge fan of Barack Obama and she hopes that he gets through Okay.

Dymphna Boholt on Goldman Sachs and their Bonuses in 2008

Dymphna Boholt woke up today rather flabbergasted and slightly irritated when she read the following headlines from the UK's Dailymail, which stated that the American investment bank Goldman Sachs which was on the verge of Bankrupty earlier this year, is about to hand out extravagant pre Christmas bonuses totaling £7billion for salaries and 2008 year-end bonuses.

The article further went on to state that Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million. Just think about this for a second, this same people who are about to pick up this handy bailout from the American Taxpayer, are the very same people who have perpetuated this global financial crisis, we are now experiencing.

Dymphna asks you to imagine for a second that you are an American taxpayer and small time investor, who has prudently played the investment game the way it should be played with sound due diligence practices built into your investment systems, and then you turn on the TV, to hear that the high rolling Goldman Sachs executive who drives a red Ferrari, and lives on the biggest house on the block is about to collect is 10 millionaire plus bonus.

This is even though a few months earlier this very investment bank was pleading broke to the public, and was supposedly on the very of collapse. How would you feel about living in such a society? Would you be angry that, no matter what some people always get everything they want even though they should rightly be in either the bankruptcy court or jail?

Or do you say hey its my lot in life for the rich guys born into the right families to always get all the benefits, even though they do not deserve any. Were I American right now I would be very pissed off and disillusioned with the way society is functioning.

Dymphna Boholt has always stated that every citizen in every democratic society should always participate in the political process, in order to prevent Governments being captive to such bad policy. So People Get Out That and Vote. Whilst you are at it tell all your friends.

Dymphna Boholt on Education

Education has always been a very vital part of the world's overall evolution, and has been the primary key for a human's understanding of its environment. The frightening thing is that the more we have come to understand of our environment the more we have come to realise that, it is indeed a very fragile thing and that we humans as a race have been very bad stewards of the fragile ecosystems that we live in. Dymphna Boholt is a huge beliver in the power of education.

To see how bad we have treated matters, all one needs to do is pick up almost any newspaper today and the two word phrase Global Warming is bound to be found in many places within that newspaper. We in the first world have really taken progress and development to extremes, so much so that after we have finished, there has not been much left with the environment and indeed the original inhabitants that lived within that ecosystem.

It is therefore important that we as prudent investors that go about the adventure of making important financial decisions in a very sound and respnsible manner. Instead of carrying on like we have in the past and looked at investment decisions as very black and white decisions. Its time we actually too into account the impact of that investment on its overall environment. This new concept of corporate social responsibility is a growing movement in todays global economy. Dympna Boholt is following this new movement with a keen interest.

Dymphna Boholt on Creativity.

Hey Dymphna Boholt here you given much thought lately to the process of creativity? Have you? What if I told you that you have. Yes really, you have! Let me digress, creativity happens all the time in daily life, from the most mundane of actions and tasks undertaken to the most complex and high level of interactions. For example when you are taking the children to school, and on the way, you hear over the radio that, your normal route is bumper to bumper to an accident that has just transpired.

You then without giving it too much thought, automatically select the next best route, that gets you there, without running into and getting stuck in that accident. Get It Now! You just applied some creativity.

In actual fact it could well be argued that everyone has this god given trait inert in degrees, or rather everyone utilises it from time to time in degrees.

According to wikipedia: Creativity is a mental and social process involving the generation of new ideas or concepts, or new associations of the creative mind between existing ideas or concepts. An alternative conception of creativity is that it is simply the act of making something new. From a scientific point of view, the products of creative thought (sometimes referred to as divergent thought) are usually considered to have both originality and appropriateness.

Dymphna Boholt, has always felt that it is the consistent application of creativity that truly defines the success of an undertaking. Whether that undertaking be in the pursuit of profit or adventure. Dymphna Boholt has personally applied creativity to her entrepreneurial endeavours and the results have been rather predictable. Her property portfolio has increased exponentially.

So you must be sitting there and going, how do I utilise my god given ability to be creative. Well there are very many options, starting right here on the web. One of the early pioneers of the this whole field of applied creativity is an individual by the name of Edward De Bono, he was the high profile godfather in this field of Lateral thinking.

According to the bio, created for him by one of his certified training organisations, Edward de Bono creates thinking techniques that are simple, practical, and powerful. Facilitators, project managers, team leaders, and many others have experienced his thinking skills training courses. So there you go there are places where you can go and learn to unlock the inner creator. Here is a video of Dymphna Boholt's application of creativity