Green Options

Attending the recently concluded CAR Expo in San Jose CA we could see that things weren’t exactly hopping, especially in the Green seminars and Green expo booths. Who could blame everyone, with the still lingering effect of the economy, unemployment and overall uncertainty? The Expo offered a bevy of economic forecasts, short sale sessions and new DRE laws going into effect but of course we went to check the green goings on. How’s the Green movement within the ranks of the real estate world? If my Green colleague and I would guess from the sparse attendance at the few green sessions and Green display booths then the state of Green Real Estate isn’t exactly on everyone’s radar.

A few details are starting to emerge about the proposed “bail out plan” of the US Government. While legislators wrestle with the finer details, here are a few figures to juggle with over the weekend.

So far, $200bn has been spent saving Fannie Mae and Freddie Mac with another $300bn to prop up the Federal Housing Administration.

On top of that, there’s with an additional $69bn to buy up the companies’ discount notes, $29bn to keep Bear Sterns alive and $85bn to keep AIG going. That’s another $183bn, taking the running total to $683bn.