POLITICALLY SUSPECT

TARP Chief Elizabeth Warren Says We’ll Never Know Where TARP Funds Went

TARP Chief Elizabeth Warren Says We'll Never Know Where TARP Funds Went

Elizabeth... damn it. That doesn't make any sense and you have to know that. First of all, I would argue that you don't have to ask in advance where your $700 billion will be going because IT's $700... (Continue reading)

Bringing Up the Rear – Ex-NAR Chief Economist David Lerah

He says he's retired, but can you retire from lying? Can you be a retired liar? How would anyone know for sure when you retired? ... (Continue reading)

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Hyper-Hype Over Hyperinflation

What I find most worth noticing is that this past week, the National Association for Business Economics reported that almost half the economists surveyed believed the Fed’s policy to be inflationary. Yet the fact is, not only is the... (Continue reading)

Cash-for-Clunker Kitchen Appliances?

What's the deal Obama? I don't need this kind of charity. If you're intent on continuing this sort of thing, I'm going to start writing articles in support. ... (Continue reading)

Obama’s Figured Out What’s Missing in Our Economy…

What we’re apparently missing is the “spirit of innovation” and according to the president, we have to recapture it. I knew this was going to end up being our fault somehow. Okay, who was supposed to be watching... (Continue reading)

$23.7 TRILLION

It occurs to me that transparency is not something you should need to provide. As long as you don’t add any opacity, you’ll have transparency, no? ... (Continue reading)

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The Crowd Laughed…

Geithner went on to say: "We have the deepest and most liquid markets for risk-free assets in the world. We're committed to bring our fiscal deficits down over time to a sustainable level. We believe in a strong dollar ... and... (Continue reading)

Democrats Supporting a Bill Allowing NO DOWN PAYMENT on FHA Mortgages?

HR600 is about "Seller Assisted Down Payments," which is a euphemism for a scheme that enables people who cannot save enough money to make a down payment, to qualify for FHA insured mortgages. ... (Continue reading)

The Employer No Choice Act

The new legislation essentially gets rid of the secret ballot election that in the past, has always been held to determine the outcome of a unionization drive. But that isn't really that bad, is it? I don't know what all... (Continue reading)

Giving Money Back, Not Profitable: Federal Reserve Study Proves

The Federal Reserve Bank of Boston released the results of its in-depth study on President Obama’s plan to solve the foreclosure crisis, and the conclusions shocked politicians and bureaucrats alike from coast to coast. ... (Continue reading)

Excuse Me… Secretary Geithner? Secretary Donovan? With All Due Respect…

Is it just me? Am I really the only one who wants to push these clowns around the playground after school? Really? Come on… you kneel down behind them and I push them over… then we can... (Continue reading)

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July’s Issue of The Niche Report… Bringing Up the Rear: FDIC Chair Sheila Bair

In case you don’t already know, I wrote the cover story for the May issue of The Niche Report magazine, titled “Pigs, Puppets & People in Peril – The Administration’s Curious Case Against Loan Modification Firms”.  And it was... (Continue reading)

Gov. Schwarzenegger Move Will Deprive Homeowners of Legal Representation When Negotiating Loan Modifications

The only group this provision helps is the bankers, and with the hundreds of billions of bailout dollars WE'VE GIVEN THEM, don't you think they've have enough going for them? Homeowners NEED help. Don't deprive them of their... (Continue reading)

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A Gangster Government: Is that what we’ve come to?

Rep. Michele Bachmann (R-Minn.) speaking on the House floor: Now weve moved into the realm of gangster government.... (Continue reading)

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WATCH THIS! And then tell me why we can’t hit our politicians with sticks.

Because there's no reason to talk about what went on there. None whatsoever. If you're the Inspector General of the Federal Reserve and you know that $9 trillion has been spent... and you leave the office on the day you... (Continue reading)

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101 Pages of Barackracy: Obama’s Regulatory Reforms

It’s been over a week since President Obama presented his plans to reform the regulatory structure of our financial markets. As someone who writes about such things, I knew many of my readers would expect me to watch the... (Continue reading)

I’m Sorry Mr. President That’s Just Not Enough

President Barack Obama traveled to Mesa Arizona this week to tell the country about his Homeowner Affordability & Stability Plan to fix the housing market. I didn't watch his speech. I didn't listen to it on the radio. I didn't... (Continue reading)

FTC is Seeking Consumers’ Advice on Mortgage Practices: Here’s Your Chance!

2. And if you’re someone who works in or owns a private sector loan modification firm, whether real estate licensed or a law firm, now is the time to talk to your clients whose homes you’ve helped save about sharing... (Continue reading)

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FTC Testifies on Loan Modification “Scams”

A Ms. Peggy Twohig, the Associate Director of the Division of Financial Practices at the Federal Trade Commission (“FTC”) was called before the committee to discuss the FTC’s efforts to protect consumers from foreclosure rescue and loan modification scams. ... (Continue reading)

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Stop Blowing Sunshine Up My Skirt – Recovery, My Aunt Petunia

It has occurred to me over the last several weeks, that there are many people that simply want… and perhaps need… the news to be good, regardless of what the news actually is. When the news is not good,... (Continue reading)

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