ACORN will help judges mitigate mortgages
October 7, 2008
That is what Malkin is implying today. No time to research right now, but this goes hand-in-hand with what I wrote about earlier this week. Democrats and ACORN want judges to get involved with mortgage mitigation, where they have the power to lower interest rates and/or cut principle balances.
Biden demanded it in the debate, and it’s been included in the bailout bill. Of course, if you’ve been making your payments, this program is not for you.
McCain finally slams Obama on Freddie Mac, Fannie Mae
October 6, 2008
When you see this post, immediately send it to everyone in your e-mail list. I’m not a big McCain fan, but certainly you’re going to find me voting for the most conservative of the bunch – who is able to win – in four weeks.
Today in New Mexico, McCain brought up the fact that the GSEs failure is the root cause of the current economic situation. Some say he took the gloves off… finally.
Your local bank is in fine shape, thank you
October 6, 2008
Earlier today, Chris Dodd – senator from Connecticut and Senate Banking Committee chairman – stopped by the Sheraton Hotel at Bradley Airport to meet with Connecticut business and labor leaders. He hoped the market would react positively to the federal government taking over a good chunk of the U.S. housing market.
As of noon ET, it’s not working out too well. But something mentioned at the bottom of an AP article in the Hartford Courant should be highlighted.
Bailout legislation impossible to read
October 1, 2008
I don’t have a law degree. I don’t have 12 hours to read the full text of the bailout bill that the Senate is debating right now. The average person should be able to read this crap – or at least use the Ctrl+f key to do a keyword search in the damn thing.
Questions about the bailout? Look no further
October 1, 2008
I can’t even comprehend how many people have given up trying to figure out what is going on with the economy. What the common folk have decided is simply “government knows best” – and they seem to be willing to put their lives and fortunes into the hands of the political elites.
We can argue whether or not this government bailout will or will not work, but one thing is for certain. It will continue to empower people to buy houses, cars and other crap that they can not afford.
