Subprime Mortgage Crisis Spreading (to expensive homes/Jumbo loans)
The subprime mortgage crisis is spreading to a somewhat unexpected place: homes costing more than $500,000. As lending has rapidly gotten more restrictive for borrowers taking out large loans, sales of...
View ArticleTies to lender may cost Edwards: Company’s subprime loans, home...
A subprime lender with ties to Democratic presidential hopeful John Edwards has moved to foreclose on more than 130 homes in South Carolina since the S.C. native went to work for its parent company, an...
View ArticleA Sarbox for Housing - How to restrict lending to the poor for years to come
Throughout the 1980s and '90s, Congress prodded, even strong-armed, banks into making more mortgage loans to low-income and minority families. Washington enacted anti-discrimination and community...
View ArticleThe Real Scandal-How Feds Invited the Mortgage Mess
...From the current hand-wringing, you'd think that the banks came up with the idea of looser underwriting standards on their own, with regulators just asleep on the job. In fact, it was the regulators...
View ArticleSubprime Obama
Last year, forty-three states reported increased home foreclosure rates. Nevada led the way for eleven consecutive months; in Clark County, which includes Las Vegas, nearly one in twenty homes is in...
View ArticleHow AIG's Collapse Began a Global Run on the Banks
Something very strange is happening in the financial markets. And I can show you what it is and what it means... If September didn't give you enough to worry about, consider what will happen to real...
View ArticleMost Wanted: BARNEY "Not Me!" FRANK
Most Wanted: BARNEY FRANK - - also known as Not Me!, Uh-uh-no, and The Denier, is wanted for serious offenses against the American People. Frank and his gang are responsible for financial...
View ArticleEx-subprime bank executive finances Obama
John W. Courtney's world collapsed at dinnertime on a Friday in July 2001. That's when he learned from a television newscast that much of the $200,000 that he had saved from his construction job over a...
View ArticleFranking Privileges or Barney Blows It
Every time I catch sight of that flaming queen, Barney Frank (whom some have dubbed The Banking Queen), lecturing some business or banking type from his perch in a House hearing room, I want to HURL!...
View ArticleSwiss banks to announce massive losses: report
ZURICH (AFP) Two of Switzerland's largest banks, UBS and Credit Suisse, are set to announce combined losses for 2008 of 29 billion Swiss francs later this week, the Sonntag newspaper reported Sunday....
View ArticleU.S. Unemployment Government Statistics Hiding the Dismal Truth
Government Unemployment Numbers Not What They Seem The official government estimates of the current unemployment problem are staggering in their own right. 791,000 manufacturing jobs were lost in...
View ArticleThe Democrat Party Is A Criminal Enterprise
Next time when your liberal friend / relative* starts whining about how Bush economic policies caused the financial meltdown and how Obama will save America with his GigaPork stimulomarxist package,...
View ArticleThe Housing Boom and Bust - Thomas Sowell on how government policies made the...
Thomas Sowell on how government policies made the housing crisis possible Thomas Sowell, prolific public intellectual and the Rose and Milton Friedman Senior Fellow at the Hoover Institution, is one of...
View ArticleFINANCIAL REGULATORY REFORM (New Release - Fiction)
From page 70 (PDF page)...4. Access. The Agency should enforce fair lending laws and the Community Reinvestment Act and otherwise seek to ensure that underserved consumers and communities have access...
View ArticleThe CRA and Key Players
The Subprime home mortgage collapse...a Primer. It's ALL about the CRA of 1977 Community Reinvestment Act (CRA) of 1977 - This required banks to offer credit throughout their entire market area for...
View ArticleVIDEO: Acorn Helping Illegal Aliens Get Home Loans
Acorn has been helping illegal aliens receive home loans for years. Finally the media is catching on that the government is complicit in helping the loans to go through. Fox report- video at link
View ArticleTime For Sunshine, Fannie And Freddie
Next Tuesday is James Madison's birthday and National Freedom of Information Act Day, the high point of Sunshine Week celebrations of the public's right to know. Madison enshrined that right with the...
View ArticleGreenlining & ACORN : Two peas in a pod?
Both use controversial tactics to force powerful institutions to toe their line, but does that mean the Greenlining Institute and the Association of Community Organizations for Reform Now are two sides...
View ArticleFannie and Freddie Amnesia (Great Rebuttal Piece For When Dems blame GOP for...
Taxpayers are on the hook for about $400 billion, partly because Sen. Obama helped to block reform. Now that nearly all the TARP funds used to bail out Wall Street banks have been repaid, the...
View ArticleUntangling the Foreclosure Mystery— Part 4
Untangling the Foreclosure Mystery Part 4 EXAMINING THE CASE OF ONE LOCAL DEADBEAT Commentary by Matt Gardi The last few weeks, in this newspaper, I have made an attempt to expose what is truly...
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