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)
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)
"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)
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)
The dialog about the foreclosure crisis began when FACE member ministers began talking openly about there being no dignity for the families trying to save their homes from foreclosure by the mainland banks. That's what motivated FACE to get... (Continue reading)
He went from being a man of the people, to being the best friend Wall Street could ever have hoped for, and for that the Republicans accuse him of being a socialist, while the left accuses him of being too... (Continue reading)
And not only are we splitting off in more directions than the London subway, but I'm afraid too many of us have started to like it that way. It's become a badge of honor for some people. ... (Continue reading)