Category: Housing & Housing CrisisBy Rabble Rouser Reverend Amy on Oct 22, 2009 in ACORN, Chicago politics, Congress (House & Senate), Media, Mortgages | 57 Comments
Yes, indeedy - another videotape courtesy of James O’Keefe, the “pimp,” and his “prostitute girlfriend,” Hannah Giles, in a Philadelphia ACORN office. Only this time, O’Keefe is firing back at the ACORN employee who claimed she showed them the door tout de suite. But first, a round-up about this latest video at the [...]
By Rabble Rouser Reverend Amy on Oct 16, 2009 in ABC News, Afghanistan, Bamboozling, Campaign promises, Congress (House & Senate), Current Affairs, David Axelrod, Depression, Economy, Flip Flopping, Foreign Policy, Fox News, Governance, Harry Reid, Health Care, Hoodwinking, Housing & Housing Crisis, Insurance Policies & Industry, Iran, Iraq, President Barack Obama, Rahm Emanuel, Secretary of State Hillary Clinton, Speaker Nancy Pelosi, Unemployment, Unemployment/Jobs | 80 Comments
One just has to wonder what prompted the child in the video below to ask Obama the question he did. Maybe people in his household were decrying the lack of it, or maybe this child was picking up on the animosity in the air, or maybe he just wanted to share the good news [...]
By Linda Anselmi on Oct 13, 2009 in Current Affairs, Economy, Housing & Housing Crisis, Wall Street | 14 Comments
US Rep. Marcy Kaptur (D-OH) and Former International Monetary Fund chief economist Simon Johnson discussed the state of the economy on Bill Moyer’s Journal and it is must see video (more below the fold). Even though this is something I read and write about regularly, it is shocking to hear just how dysfunctional Washington [...]
By Rabble Rouser Reverend Amy on Sep 17, 2009 in ACORN, Bailouts, Barack Obama, California, Census, Congress (House & Senate), Corruption, Crime, Current Affairs, Fannie Mae, Freddie Mac, General Election, Housing & Urban Development (HUD), Louisiana, Mortgages, New York State, Paulie Abeles, Stimulus Plan | 73 Comments
I came across an article the other day, and was really taken by it, especially as it came out in the midst of the undercover videos by James O’Keefe, four in total thus far, with more to come, which have gone far in exposing the underside of ACORN. O’Keefe’s staggering videos can be found [...]
By Larry Doyle on Aug 14, 2009 in Economy, Home Loan, Housing & Housing Crisis, Mortgage Crisis, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog) | 46 Comments
Can we truly expect our economy to return to LONG-TERM health if the housing market remains under severe pressure? I think not. While Wall Street rebounds, Main Street continues to lose value. How so? Home foreclosures continue to run at breakneck speed.
Bloomberg reports, U.S. Foreclosure Filings Set Third Record-High in Five Months:
Foreclosure filings in the [...]
By Larry Doyle on Jul 15, 2009 in Current Affairs, Economy, Housing & Housing Crisis, Mortgage Crisis, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog) | 36 Comments
I guess this woman wasn’t too far off in her prophetic statement last Fall:
Is Barack Obama about to move into the rental market and become the largest single landlord in the process?
Hat tip to AK for pointing out this developing story. Reuters reports, Obama Mulls Rental Option for Some Homeowners:
U.S. government officials are weighing [...]
By Larry Doyle on Jul 2, 2009 in Economy, Fannie Mae, Freddie Mac, Sense on Cents (Larry Doyle blog) | 24 Comments
Barney Frank should not be so presumptuous to think that it is just “now” that a large percentage of America is starting to hate him. The displeasure, if not the contempt, for Barney and his minions who have run our country into the ground over the last twenty years is soaring!!
As the Wall Street [...]
By Larry Doyle on Jun 23, 2009 in Barney Frank, Current Affairs, Economy, Fannie Mae, Freddie Mac, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 13 Comments
When a homeowner goes out without locking his doors and leaving some lights on, he is inviting trouble.
In a similar fashion, the American public should prepare itself for a continued plundering of the portfolios and balance sheets of Freddie Mac and Fannie Mae by our leading housing finance gurus, Barack Obama and Barney Frank.
The scene [...]
By Pat Racimora on Jun 6, 2009 in Economy, Health Care, Mortgages, Universal Health Care | 29 Comments
The stereotype of who goes bankrupt is hardly complimentary. The image comes to mind of irresponsible people spending more than they know they have on whatever strikes their fancy, and then look for easy outs when the shit hits the fan. But, you probably know the correct answer to the question posed in [...]
By Larry Doyle on May 13, 2009 in Economy, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 12 Comments
Ultimately, all economic roads lead back to the housing market. The breakdown in the integrity of housing finance led us into this economic mess and any self-respecting economist (or financial commentator) will tell you that a healthy housing market will lead us out. Let’s check the patient.
The Fed has supported housing by effectively “overpaying” for [...]
By Pat Racimora on May 4, 2009 in Crime, Current Affairs, Economy, Home Loan, Housing & Housing Crisis, Mortgage Crisis | 54 Comments
(bumped up from this morning)
The economy is booming in at least one sector, namely fraudsters out to separate you from your money. These human stains have always existed, of course, but the meteoric rise in the sheer number of scams in recent weeks is startling.
And what better target than the already weakened? People [...]
By John Batchelor on May 4, 2009 in Banks, Current Affairs, Housing & Housing Crisis | 8 Comments
How capitalism will solve the housing bubble, refashion the banks, end municipal collapse, restore American growth: From Calculated Risk, via an enterprising videographer in suburban Bellevue, Washington (left) on April 24, part of a routine weekly auction process of foreclosed residential properties offered to investors. It is a cool, bright, verdure Spring [...]
By Rabble Rouser Reverend Amy on Apr 29, 2009 in Backtrack Obama, Bamboozling, Barack Obama, Bill Ayers, DNC idiocy, Education, Fannie Mae, Freddie Mac, Gender Bias, Hillary Clinton, Illinois senate, Keith Olbermann, Media Bias, Media Handling of Story, Minister Louis Farrakhan, Obama's Broken Promises, Obamedia, Rev. James Meeks, Tony Rezko | 44 Comments
Is that all? Sigh - it seems like this has been going on forever. Maybe it’s just the MSM’s continued fawning over Obama, like yelling to the rafters what a HIGH poll number he has. Okay, it is more than half, but they are going this nuts over 56%? Seriously??? [...]
By Larry Doyle on Apr 26, 2009 in Barney Frank, Current Affairs, Fannie Mae, Freddie Mac | 22 Comments
Barney Frank may try to rewrite his Congressional record on housing finance, but he will forever be linked to supporting the activities of Freddie Mac and Fannie Mae which drove irresponsible sub-prime lending. A review of a WSJ article, What They Said About Fan and Fred, is truly damning. I strongly recommend your reading [...]
By Uppity Woman on Apr 21, 2009 in Economy, Home Loan, Housing & Housing Crisis, Unemployment | 37 Comments
The word is, only 610,000 people filed for unemployment last week (a holiday week). That’s a drop from previous weeks.
Let’s all go out and buy a car.
Of course, let’s face it, the number would almost have to go down at this point, simply because there are fewer people left out there who are actually [...]
By John Batchelor on Apr 16, 2009 in American Consumers, Banking Institutions, Economy, Housing & Housing Crisis, Real Estate | 11 Comments
Calculated Risk’s choice California Jim the Realtor posts today a surprising positive indication in Chula Vista, California.
By Larry Doyle on Apr 8, 2009 in American Consumers, Bank Bailouts, Banking Institutions, Economy, FASB, Mortgage Crisis, Sense on Cents (Larry Doyle blog), Toxic Assets, Wall Street | 12 Comments
In thinking about the economy, markets, and our banking system, my memory brings me back to my early days in New York. While working my way along 8th Avenue back to my apartment in Hell’s Kitchen, I would happen upon numerous versions of the classic NYC “hustle.” The shell game (also 3 card monte) was [...]
By Larry Doyle on Mar 27, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Economy, FDIC, Mortgage Crisis, Real Estate, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 12 Comments
The other day, I provided a cursory overview of the details embedded in the recently proposed Public-Private Investment Partnership, Will Banks Truly Sell these Toxic Assets?
The main point I tried to highlight in that piece was the need for true price discovery for these toxic assets. A loyal reader provided tremendous insight in highlighting that [...]
By Larry Doyle on Mar 23, 2009 in American Consumers, Banking Institutions, Congress (House & Senate), Economy, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 16 Comments
An oversimplified view of the proposed private-public partnership for investors to purchase toxic assets from banks is as follows:
A couple (private investor) looking for a home finds a piece of property (toxic asset) that seems very appealing. A mortgage broker (the government) is indicating that he can preapprove some very attractive financing terms. The mortgage [...]
By Larry Doyle on Mar 20, 2009 in American Consumers, Banking Institutions, Commerce, Current Affairs, Economy, Education, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog) | 8 Comments
Sense on Cents is very judicious in selecting our Economic All-Stars (highlighted in the left sidebar of Sense on Cents). These individuals continually display a level of professionalism, maturity, consistency, and integrity which are not commonly found in our financial or political spectrum. I deeply appreciate their insights and perspectives and enjoy sharing them with [...]
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