Wednesday 4th December
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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)
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)
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)
HO, HO, HOmeless… A Sobering View of the Crisis Affecting Us All
Written on 24 Dec, 2011 at 5:00
And to the homeowners who feel ashamed... who have suffered the indignity of losing a home in silence... this wasn't your fault. You didn't break the bond market and send housing prices into a free fall. You didn't... (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)
Elizabeth Warren Battles With GOP Over CFPB
Written on 26 May, 2011 at 7:29
How can ANYONE support today's Republicans in the House of Representatives or United States Senate? How can they think anyone will after seeing their behavior related to the Consumer Financial Protection Bureau ("CFPB")? ... (Continue reading)
Finally 60 Minutes Shows It – But, it’s not news… and it’s late.
Written on 7 Mar, 2011 at 10:49
Just think about it... millions of children being evicted from homes while according to the latest Fannie Mae survey, 53% of Americans blame the borrowers for buying homes they couldn't afford... do you know how stupid that sounds? ... (Continue reading)
T’was the Night Before Christmas… 2010
Written on 24 Nov, 2010 at 16:01
I write this political year-in-review holiday poem every year. I love doing it, and I hope you'll enjoy reading it and will send it to others of like mind as well. Happy Holidays!... (Continue reading)
THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.
Written on 10 Oct, 2010 at 10:11
So, why didn't the bankers assign the loans to the trusts? I don't know... for sure. But I'm going to go out on a limb here and tell you it's because they wanted to borrow against them, and... (Continue reading)
The secret NPV formula used to qualify for HAMP loan modifications that no one is allowed to know. Transparency at it’s finest.
Written on 7 Apr, 2010 at 5:12
If your report says you don't qualify for HAMP, then you won't have to go down a path that requires you to make months of trial payments only to find your home in foreclosure anyway. At least you'll know... (Continue reading)
Bringing Up the Rear: President Barack Obama
Written on 23 Jan, 2010 at 2:52
Guys... we have problems, big problems... problems that President Obama hasn't even commented on publicly since last February! Not even a comment, Mr. President? What are you thinking? And please don't say "health care reform,' because I... (Continue reading)
First Premier Bank Credit Cards… Now at 79.9% Interest!
Written on 18 Dec, 2009 at 3:56
Yes folks, it's true... the banking lobby strikes yet again. No limit on interest rates charged by credit cards. It's funny too, because I could have sworn there was a cap of 390% voted in, but maybe I... (Continue reading)
CONGRESS: It’s Not About Right and Left Anymore… It’s About Right and Wrong.
Written on 12 Dec, 2009 at 10:20
I looked up Ms. Bean... it was easy, like falling off a blog. Melissa received at least $515,438 from banks and other financial institutions, including most notably JPMorgan Chase, Morgan Stanley and Bank of America. That's a half... (Continue reading)
Speech By Asst. Treasury Sec. Barr on President’s Plan to Strengthen Housing Sector… with commentary by Mandelman
Written on 29 Nov, 2009 at 0:52
Barr's predominantly an academic. He taught at the University of Michigan Law School, was a Senior Fellow at the Center for American Progress and at the Brookings Institute, and it looks like he's co-written a couple of books with... (Continue reading)
Support Obama’s Universal CarCare
Written on 23 Jul, 2009 at 0:38
My Universal CarCare program will not cost most taxpayers any more money than they're paying now. I've proposed that the plan be funded through a special sales tax on jewelry, which after what I've done to the economy, no... (Continue reading)