Foreclosures Rise to Record High, Dollar Drops to Low
As the administration’s impotent fiscal policies drive an increasing number of investors overseas, Americans have been losing their jobs and their homes at a record rate. U.S. foreclosure filings climbed
Tags: Barack Obama
, Ben Bernanke
, central bank
, Fannie Mae
, Federal Housing Administration
, Federal Reserve
, Freddie Mac
, Jimmy Carter
, Larry Summers
, peter schiff
, printing money
, Robert Rubin
, tent cities
, Tim Geithner
, weak economy
You Know What We Needed? More, Cheaper Subprime Loans! And Maybe Cheaper Hookers, Too.
So, Ezra Klein wants Eliot Spitzer back in public life, and argues that New Yorkers should take him back just like his wife did, and presumably for the same reasons.
Clinton’s Subprime Mortgages in 1990
See Peter Passell. “Race, Mortgages and Statistics; The Unending Debate Over a Study of Lending Bias.” New York Times 10 May 1996 Government compelled mortgages were based on a flawed
How the CRA contributed mightily to the credit crunch
While the often-cited big picture conclusion is correct (the CRA was very harmful), I don’t think we’re getting the series of events quite right. Certainly, the Community Reinvestment Act sanctioned
The New York Times spanks Chris Dodd for stonewalling.
I give them ten out of ten for yelling at him over this… Senator Dodd’s Notion of Courtesy After reports emerged in June about him having received favorable treatment on
Obama & Subprime
Obama has been claiming that he sounded the alarm bell early on the economic crisis due to the fact that he sent a letter to Bernake and Paulson addressing the
Liberals Claim “Private sector loans, not Fannie or Freddie, triggered crisis”
The article below claims that Fannie and Freddie were not responsible because 1) “84% of subprime mortgages were issued by private lending institutions.”2) “Only one of the top 25 subprime
Did Obama Write a Letter Warning of Fannie/Freddie?
Below is Obama’s Letter. Do you see any mention of Fannie/Freddie? March 22, 2007 Dear Chairman Bernanke and Secretary Paulson, There is grave concern in low-income communities about a potential
Is somebody playing games with the McCain/Palin ACORN ad? [UPDATE: Nope.]
[UPDATE: Via AoSHQ’s headlines, nope, it’s FoxNews. NBC did something similar to Obama two weeks ago, too; them’s the breaks. What, disable the link? Hah! I ain’t the McCain campaign,
Another McCain Multitasking Ad: Obama, ACORN, and the Subprime mess.
A piece here, a piece there, and all of a sudden you can see the Taj Mahal.
Wall Street Journal: Shine a Light In Chris Dodd’s (D-CT) eyes!
We’ll get to that chain in a second, but read the article first: Dodd and Countrywide The Senator should take the witness stand Former Lehman Brothers CEO Dick Fuld was
THE TRUTH ABOUT THE ECONOMIC CRISIS THE DEMOCRATS DO NOT WANT YOU TO HEAR
FACT 1: Obama sued banks for not giving away enough subprime loans. “Obama represented Calvin Roberson in a 1994 lawsuit against Citibank, charging the bank systematically denied mortgages to African-American
Barack “Sub-Prime” Obama
Barack “Sub-Prime” Obama is number two on getting cash from the crooked Fannie Mae and Freddie Mac organizations. He accomplished that feat in only 3 years of being a US