Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

Monday, December 29, 2008

Headlines: December 29, 2008

At Washington Mutual, a relentless urge to approve any loan

Thursday, December 11, 2008

Headlines: December 11, 2008

Supreme Court to hear arguments in case tied to 9/11

Morris: DON'T FIRE FITZ

UN Blowback: More Than 650 International Scientists Dissent Over Man-Made Global Warming Claims

China Wants US & West to Give 1% of Annual Wealth to Fight Global Warming

Rock legends want to silence Guantanamo's torture tunes

“Torture” in the Dock: A tough interrogation in Germany

No China Life Line Coming

Bipartisan Report: Rumsfeld Responsible for Detainee Abuse
Senate Committee Finds Officials Made Decisions That Led to Offenses Against Prisoners

Out of food, Zimbabweans eating cow dung: Political leadership needed to overcome crisis

Whitewashing Fannie Mae: Congress begins its self-absolution campaign.

Greece: it’s not all about the economy, stupidMany see the riots as a simple response to the credit crunch. In truth they expose Greece’s deep and historic crisis of legitimacy.

Monday, November 24, 2008

Headlines: November 24, 2008

Obama Will Get Stimulus Bill First Day, Democrats Say (Update1)

U.S. approves plan to help Citigroup weather losses

IRAQ'S NEW DAWN: VICTORY ACROSS THE BOARD MICHAEL YON

The New Deal Didn’t Always Work, Either

HENTOFF: New president, more abortions

Obama to act swiftly on economy - 1st presser (video)

Fed Pledges Top $7.4 Trillion to Ease Frozen Credit (Update1)

21st Century Welfare Queens

The price of dissent on global warming

Sorry saga of Hicks supporters

Letter exposes Iran's assistance to al-Qaeda

What a Single Nuclear Warhead Could Do: Why the U.S. needs a space-based missile defense against an EMP attack.

When Even Good News Worsens a Panic: Despite hysteria, credit default swaps won't wreck the economy.

Keynote Address by U.S. Attorney General Michael B. Mukasey - Prepared Remarks

A near-riot and parliament besieged: Iceland boiling mad at credit crunch

Holy Land Foundation defendants guilty on all counts

Archive: The Holy Land Foundation saga

Holy Land investigation dates back to 1993

Both sides of the Holy Land Foundation case

2007: Housing woes take bigger toll on economy than expected: Paulson

United States housing bubble

Thursday, October 16, 2008

Headlines: October 16, 2008

Massachusetts: Patrick to cut 1,000 jobs from state payroll: Will slash budget $1b; local aid is left intact

"Some of the heaviest cuts, $293 million, are in the state's Medicaid program, known as MassHealth, but there will be no reduction in benefits or eligibility for covered residents....Instead, hospitals and doctors who provide care for MassHealth patients will receive lower reimbursements for the services they provide....Last night, the Massachusetts Hospital Association issued a statement that said the cuts will create 'extreme hardship for many hospitals and the communities they serve.'"

Infant Deaths Drop in U.S., but Rate Is Still High

(The rate is high because our medical care is so advanced that we try to save the lives of babies that other countries don't even count as live births.)

Cuba vs. the United States on Infant Mortality

Myths about single-payer health insurance

Child survival crisis in Caucasus and Central Asia

(Hat tip: Best of the Web and here)

Venezuela’s government looking to establish new 6-hour workday

U.S. officials: Missing Afghan students found in Canada

Officials: FBI investigates ACORN for voter fraud

About 200K Ohio voters have records discrepancies

24,000 Felons Getting Ballots, Despite Eligibility Questions

What Crisis? Kremlin downplays financial woes

Obama Distorts His Abortion Record In Third Debate

Bush Declares Exceptions to Sections of Two Bills He Signed Into Law

Everybody Else Did It: Chris Dodd's mortgage blame game.

"Ludwig remains proudest . . . of his efforts to compel bank compliance with fair-lending laws and his revitalization of the Community Reinvestment Act (CRA), a 1977 law requiring banks to invest in poorer neighborhoods and improve lending and service to low- and moderate-income borrowers. Although branded an 'activist' for his vigorous support of the act . . . he points to the cold, hard facts to justify his tactics. After just one Justice Department referral in the OCC's previous 129 years, Ludwig's tenure witnessed 27 fair-lending cases, resulting in tens of millions of dollars in fines against violators."

ACORN sign-ups in Harris seem legitimate: Nearly 40% of vote forms denied, but registrar sees no intentional foul as group draws fire nationwide

ACORN Does Philadelphia

U.S. official has new evidence of Iranian meddling in Iraq

Regulations of Mass Job Destruction

Should people do not know anything about politics be allowed to vote? (video)

"On Wednesday October 8 the Federal Reserve, European Central Bank, and four other central banks lowered interest rates in an emergency coordinated bid to ease the economic effects of the financial crisis."

Wednesday, October 15, 2008

Headlines: October 15, 2008

CIA Tactics Endorsed In Secret Memos: Waterboarding Got White House Nod

What is Debt Monetization?

Who Do We Owe and How Much?

Spurious Jefferson quotations

Oil price slides below $72 to 13-month low

"Steve and Rachel Larman say a strange credit card charge appeared on their statement this month -- a $2300 donation to Barack Obama's presidential campaign."

Obama: "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you spread the wealth around, it's good for everybody."

Ludwig von Mises: "It is an illusion to expect that despotism will always side with the good causes."

Henry Hazlitt on the Bailout

Economics 101: Crisis of Confidence

Bailout v. Workout -- The continuing crisis

Commentary on the Financial Crisis (Updated Regularly)

Uncle Sam, Inc.: Postcards from the moral-hazard highway.

Number of Embedded Reporters in Iraq Falls to All-Time Low Since Start of Surge

California polls shock gay marriage supporters

California may seek $7bn emergency loan

Retail sales plunge 1.2 percent in September

Tyler case opened schools to illegal migrants

Monday, October 13, 2008

Headlines: October 13, 2008

Obama's 95% Illusion: It depends on what the meaning of 'tax cut' is.

Hanged for being a Christian in Iran

Walter Williams: Family Debasement

Taxpayers' bill leaps by trillions

Royal Bank of Scotland under state control

How Congress set the stage for a fiscal meltdown

Scott Burns: Prize for being the biggest liar is: Taxpayers foot the bill!

Scott Burns: What We Can and Can't Afford

Bush's North Korea Surrender Will Have Lasting Consequences: Nuclear proliferators have a new model to follow.

Maurice Strong: The U.N.'s Man of Mystery

ACORN: SPREADING THE VIRUS

Planting Seeds of DisasterACORN, Barack Obama, and the Democratic party.

Tuesday, October 7, 2008

Headlines: October 7, 2008

CHUCK'S CHUTZPAH

Florida reaches landmark deal with Countrywide, helping homeowners in subprime deals

Countrywide deal provides options for those struggling: It may help 30,000 Texas homeowners

The Bomber as School Reformer: Voters—and debate moderators—shouldn’t let Bill Ayers and Barack Obama off the hook.

Bob Rubin in 1993: "The President, as you know, has a broad, comprehensive strategy for dealing with the economic problems of the country for putting the country back on the right track for the long-term. A lot of the legislative and executive actions that have taken place in 1993 have been pursuant to that long-term economic strategy of the President's. An important component of that strategy is to deal with the problems of the inner city and distressed rural communities -- pursuant to his belief that we must make real progress in those areas if this country is going to be successful in the future for all of us. The reform of the Community Reinvestment Act is an essential building block in the efforts I've just mentioned."

FDR's Policies Prolonged Depression by 7 Years, UCLA Economists Calculate

Samuelson: Is It 1929 Again?

Immigration and Crime

Czarist Russia: Oval Objects of Desire

Blaming Deregulation

In U.S. setback, judge orders 17 Guantanamo detainees released

U.S. to block Israeli attacks on Iran

Algeria: 6 jailed for eating in public

Expert: Boston study at root of housing crisis: Battle over blame

"Closing the Gap: A Guide to Equal Opportunity Lending."

Monday, October 6, 2008

Headlines: October 6, 2008

Not Everyone Should Own a Home: Even without Fan and Fred, American mortgage rules are unusually lax.

Cuba training guerrillas in Venezuela

LA Times Won't Release Video of Obama Publically Praising Former PLO Operative & Jew Hater

Welcome to Boumediene World, Chapter 2

Louisiana Lawmaker Proposes Paying Poor Women to Be Sterilized

A Long Term Strategy for a Free Market Bailout

Spengler: Hockey moms and capital markets

Brooks: The Establishment Lives!

The Gathering Storm--Our Coming Depression

Financial Crisis and Recession

McCain Is the Real Health-Care Reformer

Sunday, October 5, 2008

Headlines: October 5, 2008

VOTER FRAUD EXPECTED TO BE RAMPANT

Mass. Asks About Federal Loan Amid Market Worries

What Just Happened?

Vetting McCain’s Health Plan: Tax credits would move people out of group plans and into individual policies where the benefits aren't as good.

Uighur Detainees May Be Released to U.S.: Chinese Muslims Held at Guantanamo Aren't Considered Enemy Combatants

Winds are Dominant Cause of Greenland and West Antarctic Ice Sheet Losses

Do Facts Matter?

Video: Former Obama adviser on invading Israel

Friday, October 3, 2008

Headlines: October 3, 2008

Biden Focuses Only on Negatives Of McCain's Health-Coverage Plan

Schwarzenegger to U.S.: State may need $7-billion loan: In a letter obtained by The Times, the governor warns that tight credit has dried up funds California routinely relies on and it may have to seek emergency aid within weeks.

Both Sides of the Financial Crisis

Towards a Monopoly of Big Business and Big Government: Why the House Must Resist the Bailout

Commentary: Bankruptcy, not bailout, is the right answer

Chomsky vs Buckley (video)

Thursday, October 2, 2008

Headlines: October 2, 2008

HIV up sharply among women, gay men in China

Senators who voted No

PIGGY POLS IN HOG HEAVEN WITH PORK-PACKED PACT

Obama’s Fishy $200 Million

America's Nervous Breakdown - and the World's

Obama’s Assault on the First AmendmentStifling political debate with threats of prosecution is not the “rule of law” — it’s tyranny.

Maddening for Madisonians

Government aid to automakers is not a bailout, Ford CEO says

Burning Down The House: What Caused Our Economic Crisis?

Who caused “the biggest financial crisis since the Great Depression?”

Economic Depressions: Their Cause and Cure

Marines accused in Iraqi slayings refuse to testify against each other: Lawyers say two sergeants will not provide court-martial testimony. The pair also refused to testify at the August federal trial of their former squad leader, who was subsequently acquitted of killing four Iraqi prisoners.

Ex-Marine charged in Iraq killings

Criminal-Homicide Charges Warrior on trial: Jose Nazario came home from Iraq a hero for valor in the Battle of Fallujah. Now they're calling some of his actions criminal.

Wednesday, October 1, 2008

Headlines: October 1, 2008

Bill v. Barack on Banks: Clinton instructs Obama on finance and Phil Gramm.

Wrecks, Lies and Barney Frank

In America, The Poor Don't Work

The Mortgage Mess Began on Main Street

Should Congress Be 'Perp-Walked'?

ACORN's Senator

Too Tasty to Fail

Why propping up banks will not rescue a debauched financial system: Confession time. As 228 Representatives in Congress voted against Hank Paulson’s bail-out plan on Monday, I was cheering them on.

Senate offers sugar with bailout rx

America has changed. Why do so many foreigners see this, but so few Americans?

Secret, Foreign Money Floods Into Obama Campaign

Tuesday, September 30, 2008

Headlines: September 30, 2008

Report: U.S. attorney Ryan's firing justified

Those who remember the Depression fear its return

Obama's McKnight In Shining Armor

Lack Of Confidence, Not Capital, Is Issue

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis (video)

Pelosi Punks America... Stocks Lose $1.1 Trillion (video)

Pandora's Bailout

McCarthy: I respectfully dissent

In Times of Crisis, Trust Capitalism

Monday, September 29, 2008

Headlines: September 29, 2008

O'S DANGEROUS PALS: BARACK'S 'ORGANIZER' BUDS PUSHED FOR BAD MORTGAGES

Bailout Plan in Hand, House Braces for Tough Vote

Burning Down The House: What Caused Our Economic Crisis? (video)

Venezuela to build nuclear technology with Russia

Saddest Thing About This Mess: Congress Had Chance To Stop It

You won't believe where that $700-billion bailout figure came from

The Rescue Package Will Delay Recovery

The Bailout Reader

Sunday, September 28, 2008

Headlines: September 28, 2008

Partners at the Destruction: Fannie, Freddie and just about everybody.

Wash Mu Bondholders Were Not Paid-- Consequences Could Be Devastating... Warnings of Monday Crash

The Fannie Mae testimony that will make you scream in anger

The Real Costs of the Bailouts

Deal reached on financial markets bailout

Lawmakers Reach Accord on Huge Financial Rescue

Barack Obama and the Strategy of Manufactured Crisis

Behind Insurer’s Crisis, Blind Eye to a Web of Risk

Saturday, September 27, 2008

Headlines: September 27, 2008

Scientists say carbon dioxide emissions up 3%

Iran on Way to Atomic Bomb Capability: ElBaradei

Richard Nixon's Revenge

In Too DeepWorking away from a “stunningly irresponsible” bailout.

Why play by the rules?

Devastating!... Dems Refuse to Reform Freddie & Fannie in 2004 (video)

Media Mum on Barney Frank's Fannie Mae Love Connection Democratic House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive.

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