Saturday 27th April
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We teach our children to compromise, but have we forgotten how to do it as adults?
Written on 20 Nov, 2017 at 22:27
We seem to have forgotten that compromise is crucial to our collective future… that without dedication to compromise we are doomed to underperform our potential, assuming we make any progress at all. ... (Continue reading)
Well Played – The Republican Tax Cut Strategy
Written on 25 Oct, 2017 at 18:07
While we argue over how Trump handled a condolence call, the GOP has moved much closer towards the passage of their treasured tax cuts.... (Continue reading)
Trump travel-banned Chad. Chad pulled troops from Niger. Then our troops were ambushed in Niger and four Americans are dead. David Andelman reports on CNN.
Written on 24 Oct, 2017 at 3:40
Chad was our ally until Trump included the country on his latest travel ban list. Chad pulled troops out of Niger and as a result four U.S. soldiers were ambushed and are dead. Could this have been prevented?... (Continue reading)
I Have a Good Friend That I Don’t Agree With, Should I Hate Him?
Written on 6 Sep, 2017 at 18:48
Think however you want to think about things. If we’re friends, I might tell you that you’re wrong, but you don’t have to adopt my view. I won't hate you for it.... (Continue reading)
The Legend of Trump the Outsider and the Same Old Ugly Politics
Written on 6 Sep, 2017 at 2:53
The legend of “Trump the Outsider” provides comfort to his supporters who believe that his outsider status will be more beneficial to this country than his inexperience will harm it.... (Continue reading)
Why I haven’t written about Trump’s presidency all year
Written on 24 Aug, 2017 at 0:48
I’m not angry about President Trump winning, nor about Hillary Clinton losing. For me, now it's only about our country’s continued recovery from the worst economic meltdown in 70 years. But, President Trump is proving to be his own... (Continue reading)
Now we care about how Steve Mnuchin at OneWest Bank handled foreclosures?
Written on 20 Jan, 2017 at 4:58
Trump's pick for Treasury Secretary is a good one. Yes, OneWest foreclosed more than it should have, but it also got better, becoming one of better servicers when modifying loans. ... (Continue reading)
Trump threatens to prosecute Clinton if she pursues recount? Now there’s a good reason for her to do it.
Written on 28 Nov, 2016 at 9:06
Trump is now saying that there’s a conspiracy to throw votes to Hillary by casting ballots on behalf of dead people... and that’s simply not true.... (Continue reading)
Are Foreclosures Impacting the Presidential Election in 2016?
Written on 3 Nov, 2016 at 20:44
It's the Obama Administration’s handling of the foreclosure crisis has left millions of Americans so mad they can’t see straight and at this point, don’t want to try. Want to know what created Trump v. Hillary? Maybe that... (Continue reading)
Fannie Mae CEO Agrees: Trump and Hillary should talk more about housing
Written on 3 Oct, 2016 at 20:07
Fannie Mae and I apparently agree on one thing… the candidates are both missing the boat by ignoring future U.S. housing policy in their respective campaigns. ... (Continue reading)
DOER ALERT: Support Homeowner Survivor Bill of Rights – Extend Foreclosure Protections to Widowed Spouses
Written on 28 Feb, 2016 at 7:45
Senate Bill 1150... “clarify the responsibilities of a mortgage lender when a borrower dies and passes the home along to a survivor who wishes to assume the home loan.” Lenders say that widows and heirs, if not on the... (Continue reading)
Why Did Obama Wait Until December 2015 to Extend Mortgage Debt Forgiveness Act?
Written on 5 Feb, 2016 at 17:21
I wonder how many people chose foreclosure last year because the Act had not been extended… only to find out now that Obama made the extension retroactive.... (Continue reading)
Mortgage Forgiveness Debt Relief Act Extended Again… and Again… and Again
Written on 2 Feb, 2016 at 7:02
President Obama extended the Mortgage Forgiveness Debt Relief Act through December 31, 2016. The extension is retroactive and covers mortgage debt cancelled in 2015. ... (Continue reading)
Where did the billions go when banks settled with our government?
Written on 28 Dec, 2015 at 13:14
What if there had been $50 billion to spend on helping homeowners avoid foreclosure. That would be more than we've spent to-date on foreclosure prevention. ... (Continue reading)
Does the GOP Want to Win the Presidency in 2016?
Written on 29 Sep, 2015 at 6:13
I don't believe that the GOP wants to win the upcoming election. Oh, they want to hold onto their majority in the House, but beyond that I think they like having a democrat to blame.... (Continue reading)
Hillary wants prosperity, Fonda joins Greenpeace, Yellen Says Crisis “Set to Fade,” and other annoying nonsense.
Written on 23 Jun, 2015 at 21:52
Have we lost 10 million homes to foreclosure yet? Does anyone even care?... (Continue reading)
What Congress Learned From TARP is Causing the Foreclosure Crisis to Continue
Written on 15 Jun, 2015 at 14:43
HAMP is guaranteed to do no more than it has done to-date, and that new defaults and re-defaults will continue to perpetuate the crisis, causing millions more Americans to lose homes unnecessarily.... (Continue reading)
The Foreclosure Crisis is Behind Us? Where? Who says?
Written on 19 Feb, 2015 at 0:27
Maybe the mainstream media has simply gotten tired of the foreclosure crisis. It’s not like they’ve ever had a particularly good handle on what’s going on in real life when it come to foreclosures and loan modifications in general.... (Continue reading)
Republicans Want to Kill HAMP – Are they right or wrong?
Written on 9 Feb, 2015 at 22:20
Are Republicans monumentally insensitive and inconceivably delusional about loan modifications, as their statements might lead many to conclude? Or are Republicans right about HAMP?... (Continue reading)
SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending, Can Mean Only 3% Down
Written on 23 Oct, 2014 at 9:52
FHFA director Mel Watt, not ironically speaking while in Las Vegas, offered government’s desperate response to help housing… the only thing they can think of to do at this point. ... (Continue reading)
AMERICA’S BILLIONAIRES: Aristocracies that are sure to be with us for a very long time.
Written on 21 Oct, 2014 at 1:50
We have 97 billionaires, each with over $5 billion. After this generation is gone, that number will likely double. We creating aristocracies. Inequality USA.... (Continue reading)
GAO REPORT SAYS IT AGAIN: Treasury NEEDS to improve HAMP Data Analysis
Written on 20 Oct, 2014 at 17:42
Latest GAO Report once again has recommended that Treasury improve its capability to track and analyze data related to HAMP loan modifications. Again and again.... (Continue reading)
Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay
Written on 20 Aug, 2014 at 5:13
So, the mortgage industry has seen originations fall in a single year by 60-70 percent, but the housing markets are okay, in fact they’re recovering all around us every day, and prices are up. ... (Continue reading)
Hartford Beats Out Newark for Most Underwater Mortgages… What to Do, What to Do?
Written on 3 Jun, 2014 at 19:20
However, as it turns out, Newark’s housing market isn’t in the worst shape of any U.S. city. To visit the city with that distinction, you need to head north from Newark about 125 miles… and when you get to... (Continue reading)
What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?
Written on 23 May, 2014 at 18:15
So, why does Cordray make it sound like he’s describing a problem with reverse mortgages when he’s actually not? Why is he scaring seniors away from a reverse mortgage, when it could transform their lives, or save their homes,... (Continue reading)
Mortgage Resolution Partners’ Chairman, Steven Gluckstern Says Eminent Domain Plan will Go Forward – A Mandelman Matters Podcast
Written on 24 Apr, 2014 at 22:14
Steven Gluckstern is the Executive Chairman of Mortgage Resolution Partners ("MRP"), the company that has been advising cities and municipalities all over the country, and most notably Richmond, California, in their use of eminent domain to take over underwater loans... (Continue reading)
Apparently White House is PLEASED with HAMP and Housing?
Written on 8 Apr, 2014 at 6:05
I’m actually relieved that the White House knows about the millions of delinquencies, underwater and effectively underwater loans… that sales have been “slowing” since last July, but slowing even more so since the first of the year. I’m so... (Continue reading)
Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement
Written on 23 Mar, 2014 at 21:24
Dayen’s article is still an outstanding piece of work that I very much appreciated. It saved me from having to read Smith’s final report, and he wrote it in such a way that I think it represents the perfect... (Continue reading)
THANK YOU RUSH LIMBAUGH! Rush Says Republicans Won’t Work With Black President.
Written on 12 Mar, 2014 at 18:10
Rush Limbaugh has admitted that Republicans won't work with Obama because he's black. Remember when Barack Obama was running against Hillary Clinton for president in 2008? So, remember the question that was on everyone’s mind in 2008? ... (Continue reading)
Four Million Homes Rise Above Water in Q4… Does anyone realize how stupid a headline that is?
Written on 11 Mar, 2014 at 10:19
How about if we start a contest? I’d love to promote the, “Sell your home at the Zillow price and win your mortgage payments for a year” contest. It’s not like we’d need any money to do it…... (Continue reading)
All the News that Can Confuse – Housing Market News Up and Down at the Same Time
Written on 27 Feb, 2014 at 0:18
On any given day, the numbers of contradictory headlines about housing markets and foreclosures are enough to present a serious health risk to anyone reading them. ... (Continue reading)
We’ve Solved a National Foreclosure Crisis Before, Why Not Now?
Written on 24 Feb, 2014 at 18:12
A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further.... (Continue reading)
Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth
Written on 21 Feb, 2014 at 4:03
Once a mortgage is underwater… should you get hit with a life event such as a divorce, illness, injury, job loss or income reduction… you can’t sell your home… and you can’t borrow against it to help you get through... (Continue reading)
We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People
Written on 5 Dec, 2013 at 8:59
This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be “human”. ... (Continue reading)
Two -Year Housing Recovery Mirage Now Over… Bernanke Hoping to Retire Before Everyone Notices
Written on 23 Aug, 2013 at 20:42
At the end of 2010, the interest rate on a 30-year mortgage was just under 5 percent... 4.97% to be more precise. Over the next 28 months actions taken by the Fed pushed that rate down as low as... (Continue reading)
The National Debate Over Loan Modification Re-defaults is Stupid
Written on 30 Jul, 2013 at 8:45
Not surprisingly, the combined effect of the three high-profile reports on borrower performance after having their loans modified, made headlines that have sparked a national debate... yet again. It was a stupid debate back in 2009, and it’s an even... (Continue reading)
Foreclosures Impact One in 10 Children in this Country Today, Report Shows
Written on 10 Jul, 2013 at 14:49
No matter, the more important conclusion reached by the report is that, “Nearly four years later, the problem shows no signs of abating.” And isn’t that just a lovely thought that made me throw up in my mouth a... (Continue reading)
Denial and Avoidance Won’t Fix Housing or Grow Economy
Written on 16 May, 2013 at 6:56
I wish we’d stop with the false bottoms and imaged recovery stories so we could actually concentrate on making some much needed improvements in how we’re handling our economic malaise, because that’s the only way we’re going to see any... (Continue reading)
About foreclosures, our housing markets, and economic recovery… oh, and lying.
Written on 14 Feb, 2013 at 22:01
Then how in the world can we be "at the bottom," of housing price declines or starting to see ANY sort of "housing recovery" as the MORONS in the media are also reporting TODAY, after receiving your press releases?... (Continue reading)
Florida Supreme Court Serves Fraud on Ice
Written on 8 Feb, 2013 at 12:40
When all you need is a Mac, some software and a reasonably competent 15 year-old in order to create a reasonable facsimile of a U.S. Treasury bond, it could be incredibly problematic and a real opportunity to cash in for... (Continue reading)
State Bar Hypocrisy on Display – Bar to Offer Grants to Fund Legal Help with Foreclosures
Written on 4 Feb, 2013 at 2:51
One thing I will say about State Bar Executive Director Joe Dunn is that his political skills are nothing short of masterful... it's breathtaking, really. So, stay tuned... with hypocrisy operating at these levels, absolutely anything is possible. ... (Continue reading)
The Fed blew it on Foreclosures. Ooops, we ruined the country?
Written on 1 Feb, 2013 at 2:26
If you make a mistake and cause harm on a scale of the Great Depression, what happens to you? Don’t you even get fired? Reprimanded? A stern talking to?... (Continue reading)
FOMC Meeting Surprise! Committee Finds Justification to Continue Doing What They’re Doing
Written on 31 Jan, 2013 at 2:27
I don't know what we'd do without the FOMC... except maybe... be forced to make real progress in some substantive way. ... (Continue reading)
The Money in the OCC’s Cancelled Independent Foreclosure Review
Written on 29 Jan, 2013 at 23:53
It doesn't look to me like canceling the OCC IFR saved the banks money, in fact it looks to me like it cost banks quite a bit more than they would have paid under the IFR's "Financial Framework" as shown... (Continue reading)
OCC Foreclosure Review RIP – Anyone Care for Cheese With their Whine?
Written on 17 Jan, 2013 at 13:03
All homeowners are “responsible” people. Or, to be more accurate, 99.9 percent of homeowners are responsible people. Some minuscule percentage of any group make up the small tail of the bell curve. The simple fact, and we... (Continue reading)
$1 TRILLION U.S. COIN – POSITIVELY BRILLIANT!
Written on 12 Jan, 2013 at 6:17
Either we could sell the space to the highest bidder... I bet McDonald’s would pay a pretty penny, no pun intended, to put "Ronald the Clown" on the new coin for example. Or, how about we engrave it to commemorate... (Continue reading)
Recovery? Ho, Ho, Holiday Sales Tell the Tale
Written on 29 Dec, 2012 at 9:29
I'm just so relieved that none of this dismal economic news was caused by the respective economies being in deep recession led by unreported worsening unemployment and pretend housing market recoveries. Because if those things were the cause, why... (Continue reading)
A 10 POINT SCANDAL – CA State Bar Exec Director Dunn Should Resign
Written on 18 Dec, 2012 at 6:19
Beginning in the fall of 2011, and increasing in speed and ferocity after January 1, 2012, the State Bar begins using its newly concocted interpretation of SB 94 as a hammer to threaten and strong-arm lawyers who have received a... (Continue reading)
Colorado Failing… Foreclosures By Wink, Nod or Text Message
Written on 14 Dec, 2012 at 9:50
Known as the “statement of qualified holder,” it doesn’t require a lawyer to look at anything that shows the bank holds the original mortgage, but even more stunning is that it also provides lawyers with complete absolution from any wrongdoing... (Continue reading)
BYE-BYE DEMARCO! Obama to Replace Director of FHFA
Written on 11 Dec, 2012 at 2:55
The mortgage market is not just dominated by the government, the mortgage market is the government, and that’s not just here in the US, it’s everywhere. Governments are the lenders of ONLY resort. ... (Continue reading)
California Bar: Disregards Attorney General’s Views, Screws Homeowners
Written on 10 Dec, 2012 at 12:34
What’s even harder to understand is that the State Bar’s most recent interpretation of SB 94 completely disagrees with how California Attorney General Harris and Governor Brown interpreted the law in documents filed with the court last year when... (Continue reading)
We’re Addicted to Denying our Addiction to FHA’s Mortgage Crack
Written on 23 Nov, 2012 at 6:13
According to Moody’s Analytics, FHA's actions prevented home prices from dropping an additional 25%, which in turn saved 3 million jobs and half a trillion dollars in economic output. But now FHA is broke. Now what?... (Continue reading)
Negative Equity Is Not Really a Numbers Game
Written on 16 Nov, 2012 at 5:12
“This analysis suggests that the country should not focus on the immediate problem of mass unemployment, about which little can be done. Instead we should turn attention to long-term issues, such as tax reform and education.” ... (Continue reading)
What’s the difference between Spain and the USA? Empatía y sentido común. Sí, es verdad.
Written on 15 Nov, 2012 at 5:53
"In Spain right now, we have nearly a million empty housing units. In this situation, the government and the economy ministry ... has to take steps so that no family in good faith goes without a home.”... (Continue reading)
President Obama on The Daily Show with Jon Stewart
Written on 23 Oct, 2012 at 8:23
Jon Stewart asked you about why you didn’t spend so much of the money available for HAMP… on HAMP… or on other efforts to mitigate the damage being caused by the foreclosure crisis. And you knew what he had... (Continue reading)
Why I Didn’t Want to Watch the Presidential Debate Last Night
Written on 23 Oct, 2012 at 6:23
It’s foreign policy night but although each question starts out overseas, it ends up buried in our flaccid economy somewhere near Cleveland. Romney points out that Obama can’t seem to buy jobs let alone create them. ... (Continue reading)
Foreclosure Crisis Almost Over – It’s Magically Delicious
Written on 22 Oct, 2012 at 7:21
So, if the normal market had 100 buyers, where there used to be 66 repeat buyers, now there will only be 33. Where there were 25 first timers, now there will only be 12. Are you getting the... (Continue reading)
Foreclosures Are Down? RealtyTrac VP, Daren Blomquist – The Definition of Obtuse
Written on 12 Oct, 2012 at 7:42
What everyone continues to overlook is the impact that foreclosures continue to have on new foreclosures. We’ve got supposed experts yammering about how we’ll have some set number of foreclosures and then we’ll be through this mess. But... (Continue reading)
When Will the Pivotal Nature of the Foreclosure Crisis be Understood
Written on 2 Oct, 2012 at 1:08
Once you’re underwater, however, as at least half of homeowners are today, you can’t borrow against your home’s equity, nor can you sell your home, so any of those life events are likely to hit you where you live. ... (Continue reading)
Okay, So Now I Appreciate Mitt Romney
Written on 18 Sep, 2012 at 23:25
They actually believe that too much regulation is the problem facing our financial institutions… that foreclosures are a good thing for the housing market… that tax cuts for the rich will create prosperity… that people on food stamps won’t get... (Continue reading)
PREVIEW: Neil Barofsky talks BAILOUT on a Mandelman Matters Podcast
Written on 3 Aug, 2012 at 1:34
Neil Barofsky is a name I'll never forget, and it won't be hard for anyone to understand why that's the case when I tell you the reason why. Neil was the Special Inspector General for the Treasury’s Troubled Asset... (Continue reading)
FREE BERNIE MADOFF… FREE BERNIE MADOFF…
Written on 2 Aug, 2012 at 16:22
If no one else is going to go to jail having to do with the financial meltdown, then I don’t actually care if Bernie is in there either. I mean, if crime pays… then let’s embrace the change. ... (Continue reading)
California’s Lt. Governor Gavin Newsom on Eminent Domain – A Politician with True Grit
Written on 1 Aug, 2012 at 7:51
According to a story in Mortgage News Daily, California’s Lt. Governor Gavin Newsom took a couple of shots at a Washington D.C. trade group called the Securities Industry and Financial Markets Association (“SIFMA”) in response to their threatening San Bernardino... (Continue reading)
GAO Study Finds OCC Foreclosure Review too Hard for Us to Understand
Written on 25 Jul, 2012 at 8:22
The GAO’s report, released earlier this month concluded that the OCC simply made submitting a complaint too difficult for us to understand. We couldn’t figure it out. It was over our collective heads. And so, completely... (Continue reading)
How’s the View from Where You’re Sitting?
Written on 24 Jul, 2012 at 10:12
If you want my advice... don't read this post, or watch it... just skip this page and head for the sports section or something. I'm sorry I'm even posting it... seriously... click away... while you still can.... (Continue reading)
Republican Filibuster Discloses that GOP Opposes DISCLOSURE
Written on 19 Jul, 2012 at 8:25
Killing this bill facilitates lying to the American people. And short of something that’s kept secret in order to protect our national defense, there is never a reason we should tolerate anyone or anything that does that.... (Continue reading)
Announcing the National Mortgage Settlement – My Favorite President Obama Speech of All
Written on 4 Jul, 2012 at 7:42
But, I'm now posting the speech from last February, at which the president announced the conclusion of the AG investigations/negotiations because I think it was his best speech ever in many ways. It's the only speech he's ever given... (Continue reading)
CAR- California Assn. of Realtors Tries to Kill Homeowners Bill of Rights
Written on 28 Jun, 2012 at 22:53
Let’s let C.A.R. know that even though many of us may be losing homes today, that doesn’t make us deadbeats… it makes us strong… it makes us focused… and it makes us remember who was and who wasn’t on our... (Continue reading)
PRACTICE LAW, LOSE YOUR LICENSE: WHAT SB 94 MEANS TO YOUR PRACTICE By Alice M. Graham
Written on 25 Jun, 2012 at 21:24
The recent collapse of the real estate and financial markets in this country created the need for attorneys to help many of their homeowner clients by negotiating with lenders for a forbearance or modification of loans secured by the clients’... (Continue reading)
How Do You Take Your Catastrophe? Um, just a little at a time, please… with two Splendas.
Written on 23 Jun, 2012 at 20:21
We need growth, or we’re not getting out of this alive. It’s the only way. We can’t borrow and spend our way out of this one, like we have all the past recessions, or at least the ones... (Continue reading)
Elizabeth Warren Asks Netroots Nation a Question. Problem is, I think the answer is NO.
Written on 18 Jun, 2012 at 5:03
The real point is that we don't deserve someone like Elizabeth Warren and likely won't get her or anyone like her until we can answer her question about being ready with a resounding YES! and really mean it, as in... (Continue reading)
We’re Being Fed a Steady Diet of Econocrap
Written on 16 Jun, 2012 at 18:39
Overall, the point I’m making is that I don’t really care that the government wants to pay Scrabble-type word games with the word “recession” or “recovery.” I don’t care how they want to screw around with the unemployment rate... (Continue reading)
What is Ed DeMarco Thinking?
Written on 10 Jun, 2012 at 17:48
Edward DeMarco of the FHFA is the conservator for the GSEs, Fannie Mae and Freddie Mac. At this point the president, the Secretary of the Treasury, and many in congress have asked him about participating in anything... HAMP, principal... (Continue reading)
Mandelman made $454,000 in 1 year as student loan debt collector?
Written on 4 Jun, 2012 at 16:52
Have you found your mortgage servicer to be a tad offensive at times. Well, that's to be expected, after all, they are a bill collector, right? Well, here's some news that will drive you insane... mortgage servicers are... (Continue reading)
Why is CA State Bar Making its Job Protecting Consumers HARDER?
Written on 4 Jun, 2012 at 3:57
The easiest way for California lawyers to lose their licenses is to have a banking irregularity in their trust accounts. ... (Continue reading)
OBLABLA or MITTENS for President in 2012? Here’s how I’m going to choose…
Written on 31 May, 2012 at 6:27
"While Paulson didn’t want to write down mortgages, the single biggest factor in determining whether the American middle class has any stored wealth, Paulson was willing to do so in response to pressure. Barack Obama... (Continue reading)
What the Fed Chief is Thinking…
Written on 30 May, 2012 at 9:41
Federal Reserve Chief Ben Bernanke communicates more than any of his predecessors, but have you found yourself increasingly wondering what in the world the man is thinking behind that shiny dome and professorial facial hair?... (Continue reading)
An Important Message about 2012 for both President Obama & Mitt Romney
Written on 30 Apr, 2012 at 8:15
In 2012, the road to the White House runs directly through the states hardest hit by the foreclosure crisis, most notably Ohio and Florida, but also Michigan, Nevada, and North Carolina, et al. For the Obama campaign, I would... (Continue reading)
Crimes of Hubris, Ineptitude & Folly: Geithner, Summers and Obama
Written on 18 Apr, 2012 at 11:15
Decisions made by Larry Summers have been disastrous for this nation… that much is abundantly clear. Tim Geithner’s been no peach either. Together their folly has cost our country incalculable amounts of money, but further, they have caused... (Continue reading)
GUEST POST: A Letter to President Obama, from James Deal, Attorney at Law
Written on 29 Mar, 2012 at 11:28
I write to identify a policy change that would add trillions of dollars of liquidity to the housing market overnight. It would stimulate home sales, stabilize home prices, and reduce the number of home foreclosures.... (Continue reading)
IF TRUE, IT’S TREASON – CBO Director Douglas Elmendorf and the Impact of the Foreclosure Crisis
Written on 25 Mar, 2012 at 3:04
I suppose I’ll never know who was involved or what you’ve done to this nation by manipulating or withholding such information from Congress, from the president, from the American people and from the world. If you did any of... (Continue reading)
Bringing Up the REAR – Charles Gasparino, Fox Business Network
Written on 21 Mar, 2012 at 10:14
Also, I’m wondering something… when you say that, “foreclosures are a necessary ingredient to the housing market’s recovery,” how many do you figure we’re going to need in order to "recover?" ... (Continue reading)
Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing
Written on 29 Feb, 2012 at 8:16
Actually, I don’t even know if she can pull off that angry black woman thing, but that’s exactly what we need at a time like this. You think Weezy Jefferson would be putting up with some nerdy pasty white... (Continue reading)
Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock Market? NO.
Written on 27 Feb, 2012 at 15:18
So… housing is not, not, not at bottom, – check. Unemployment not improving – check. And does the stock market at 13,000 mean something to the economy? Nothing good – check.You might want to bookmark this page, so... (Continue reading)
Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?
Written on 19 Feb, 2012 at 6:11
Senate Bill 1451 only uses PRIVATE MONEY. There is no government money involved, no subsidies, no guarantees, and no taxes. This Program utilizes a completely different structure than any current mortgage program. It includes a cash insurance... (Continue reading)
Greece Will Leave EU… They Should Do It Now.
Written on 13 Feb, 2012 at 8:51
Dear Greece... The Dracma will be fine and so will the people, but not if you wait too long, or if you continue with a prime minister who is an ex-central banker. Toss him out, re-shuffle the deck and... (Continue reading)
The Good, the Bad and the Ugly in the Mortgage Settlement
Written on 12 Feb, 2012 at 17:37
The settlement agreement is supposed to help one million households by reducing their loan balance reduced. There’s no way is there enough money in this settlement to do all that much for anyone. But Obama has said it’s... (Continue reading)
Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident
Written on 30 Jan, 2012 at 18:35
ProPublica is reporting that Freddie Mac has been placing “multi-billion dollar bets designed to only pay off when homeowners remain “trapped” in high interest rate loans, and that the government-owned mortgage monster began increasing such bets late in 2010, which... (Continue reading)
Come on now, tell the truth… the GOP doesn’t want to win the White House in 2012, right?
Written on 25 Jan, 2012 at 22:39
What about Newt’s plan for 9 year-old janitors in poor neighborhoods? And you want me to believe that he’s seriously campaigning for president? Come on now… and Newt’s in first or second place? Sure he is. The... (Continue reading)
Look, this just isn’t that hard… The Solutions to Pressing Problems.
Written on 24 Jan, 2012 at 12:28
If Mickey Mouse is going to sign it, and Donald Duck is going to notarize it... THEN DON'T SIGN IT... because we don't need it signed. BUT... if we DO need it signed, then don't forge it and file... (Continue reading)
I’ve found the problem in Washington… it’s some sort of time warp, or they’re just dumb.
Written on 17 Jan, 2012 at 9:34
How does the Fed write a white paper and present it to the United State Congress that is packed with proof positive of an entirely inadequate level of knowledge, understanding… education, even? Am I going to find out that... (Continue reading)
Are they lying or are they stupid?
Written on 14 Jan, 2012 at 15:51
Look… are you feeling me here? Do you see what I’m saying? What’s the deal? Are they lying or are they stupid, because there’s no way in the world we should be talking about whether the FOMC... (Continue reading)
Can We All at Least Agree on This?
Written on 13 Jan, 2012 at 12:49
If that is going to be allowed to happen, we… and I mean WE, as in ALL OF US… should demand that we stop signing such things altogether. If a Linda Green look-a-like is going to sign a fraudulent... (Continue reading)
Arizona’s Rep. Jack Harper Says Walk Away and You’ll Pay
Written on 14 Dec, 2011 at 2:02
The Arizona Bankers Association has been trying to change that for years so banks could go after the homeowners for the amount of the deficiency, and finally they've found their boy in Jack Harper. Inconceivably, Harper says he will... (Continue reading)
The Stalinist Era of Consumer Protection
Written on 12 Dec, 2011 at 15:58
Now, when right in front of our eyes, the banking lobby is pushing to make the only federal agency whose role is to protect consumers entirely toothless, once again we’re failing to make our voices heard. I know this... (Continue reading)
THE NEWS: What’s Occupying My Mind is Making Me Dizzy
Written on 29 Nov, 2011 at 11:14
What you are about to read has not been smoothed out or otherwise homogenized, it’s just the news as it’s coming at me… and you. Go ahead… read it and then tell me everything’s just fine. ... (Continue reading)
Consumer Spending Up? Come on get happy…
Written on 9 Nov, 2011 at 8:31
The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)
What Shall We Tell Our Children, Mr. President?
Written on 27 Oct, 2011 at 9:19
What shall we tell the children, Mr. President? How can we tell them the truth? How can we tell them we’ve lost faith in America… that our government has abandoned us… that we no longer feel like a... (Continue reading)
Public sector shedding 35k jobs a month — Republicans block bill to prevent further losses
Written on 25 Oct, 2011 at 8:03
State budgets have to be suffering from reduced income and sales taxes, don’t they? Higher unemployment obviously means fewer people working and those that are still working… are making less money, so it stands to reason that income tax... (Continue reading)
Mitt, Mitt, Bo Bit, Banana Fanna, Fo Fit on Foreclosures
Written on 21 Oct, 2011 at 11:23
Romney has also offered a 160-page economic program and it offers nothing in terms of specific solutions to the housing crisis and in fact barely mentions it. And at the recently held Republican candidate debate, held in Las Vegas... (Continue reading)
