Friday, September 26, 2008

Headlines: September 26, 2008

Wild day, no deal

Bailout Baloney

Fannie Mae Eases Credit To Aid Mortgage Lending

WaMu is largest U.S. bank failure

Russia may launch nuclear cooperation with Venezuela: Putin

Material on Community Reinvestment Act and Clinton-era Changes:

1. Assault on the mortgage lenders: in the name of racial justice, the Clintonites want the power to decide who gets a home of his own - efforts to impose regulations on banks to make loans even if applicants are not creditworthy

2. The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities

3. Andrew Cuomo and Fannie and Freddie: How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

4. The CRA Scam and its Defenders

5. How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable

6. Commentary: Bailouts will lead to rough economic ride

7. THE REAL SCANDAL: HOW FEDS INVITED THE MORTGAGE MESS

No comments: