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ACORN’s Fall Continues »

By 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 [...]

Pulling “Back The Curtain On ACORN” »

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 [...]

Home Foreclosures Continue to Surge. What Does It All Mean? »

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 [...]

Is Barack Becoming a Landlord? »

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 [...]

Who Went Bankrupt? »

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 [...]

FDIC . . . For Doing It Correctly »

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 [...]

How Do We Track Housing? »

By Larry Doyle on Mar 12, 2009 in American Consumers, Current Affairs, Economic Stimulus, Economy, Employment, Equity Markets, Home Loan, Housing & Housing Crisis, Mortgage Crisis, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog), Stimulus Plan, Wall Street | 20 Comments

***Cross-posted from my blog, Sense on Cents. Come by and visit!
At the core of most, if not all, of our economic problems lies housing. I do not need to replay the tape of low rates, shoddy underwriting, and Wall Street securitizations that all played a dramatic role in creating a bubble the likes of which [...]

Charlie Rose Speaks to Tim Geithner »

By Larry Doyle on Mar 11, 2009 in American Consumers, Auto Industry, Bank Bailouts, Bank Nationalization, Banking Institutions, Barack Obama, Commerce, Congress (House & Senate), Credit Risk, Current Affairs, Economy, Equity Markets, FINRA, Lobbyists, Mortgages, Obama Administration, Republicans, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 20 Comments

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***Cross-posted from my blog, Sense on Cents. Come by and visit!
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I will provide my insights and perspectives on Charlie Rose’s interview of Treasury Secretary Tim Geithner last evening. The interview has been broken down into 6 separate clips, with my commentary preceding each clip.

Let’s Listen to Sheila Bair »

By Larry Doyle on Mar 10, 2009 in American Consumers, Banking Institutions, Barack Obama, Economy, FDIC, Home Loan, Housing & Housing Crisis, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog), Wall Street | 7 Comments

Editor’s Note: Stay tuned for a new story on Sheila Bair tomorrow morning.
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I thoroughly respect Sheila Bair. Our Head of the FDIC has been an honest broker each and every time I have heard her speak. I looked [...]

Charles and Paul On The Economy »

By Rabble Rouser Reverend Amy on Mar 9, 2009 in Bamboozling, Barack Obama, Chicago politics, Current Affairs, Economic Stimulus, Economy, Mortgage Crisis, Mortgages, Rahm Emanuel, Stimulus Plan, Tim Geithner | 69 Comments

As in Charles Krauthammer and Paul Krugman, that is. One is typically more conservative, one is more liberal, and both had columns this week on how Obama is dealing with our financial crisis, or not. Now, I have long enjoyed Paul Krugman’s work - he is a brilliant, brilliant man (the Nobel Prize Committee [...]

Could the FDIC Go Broke? »

By Larry Doyle on Mar 5, 2009 in American Consumers, Banking Institutions, Commerce, Current Affairs, Economy, Insurance Policies & Industry, Mortgages, Retail Businesses | 39 Comments

In very short order, the FDIC (Federal Deposit Insurance Corporation) has seen its reserves plummet from $50 billion to $18.9 billion at the end of 2008. At that pace and with the expectation of more bank failures, could this bedrock of our national banking system go broke? Well, FDIC’s Bair Says Insurance Fund Could Be [...]

February 2009 Market Review »

By Larry Doyle on Mar 1, 2009 in American Consumers, Banking Institutions, Barack Obama, Commerce, Congress (House & Senate), Current Affairs, Deficit, Democratic Party, Economic Stimulus, Economy, Employment, Equity Markets, Global Finance, Hedge Funds, Home Loan, Housing & Housing Crisis, Mortgage Crisis, Mortgages, Obama Administration, Real Estate, Republicans, Sense on Cents (Larry Doyle blog), Stimulus Plan, Unemployment, Wall Street | 13 Comments

Prior to going to the comments section of my son’s report card, human nature dictates that I first look at the grades. In that same vein, let’s see how the markets performed for the month of February:

Let’s review my specific projections from the January 2009 Recap: