It seems like Pulaski Bank couldn’t resist the call of all that bailout money. The Post Dispatch is reporting that they will receive an infusion of $32.5 million fromt he government in exchange of like amount of stock. Reports say that the bank is well capitalized, but they want the money to be able to lend more in the current market. One part of me wants to beleive that, but the cynic in me says this will have no affect on the amount of loans they are giving out. Sure would be nice though.

With all of the uncertainty in the financial sector, it seems like everyone is running scared. I have heard from multiple clients this week about this situation. It seems that many of these institutions are putting a freeze on some types of loans. This is in now way across the board at this point, but it is a cause for concern. Read more

With all the sweeping changes hitting our country’s economy right now, I don’t know if many people truely grasp how sweeping these changes could be. Looks like we just got some more fuel to feed the fire. With Bear Stearns gone and Lehman Brothers gone as we know it, the fate of the last two big investment banks seems to be sealed: they really aren’t going to be investment banks anymore. Both Morgan Stanley and Goldman Sachs will become traditional commercial banks. The times they are a changing. Check this out for more.

Other than which building to buy, the most important question to ask yourself when investing in real estate is “How am I going to pay for this?” If you’re loaded with cash and have a ton of equity built up in your house and other investments, this is a pretty easy question to answer. But for most of us, things aren’t quite so simple. Read more