The growing government hand - looking back
October 26, 2008
M. Jay Wells at American Thinker has put together a time line wrapping together - year by year - how the mortgage crisis happened. It’s a long post, but worth your time this Sunday morning.
The piece outlines choices made by our elected leaders - and influence by organizations like ACORN - going back to FDR’s New Deal in the 1930s. That’s right, it all started 75 years ago.
Dodd still keeping his mouth shut
October 17, 2008
Did he think we would forget? Senator Chris Dodd (D-Conn.) got a break on his two mortgages and people were pretty wound up about it. Since he’s the chairman of the Senate Banking Committee people have a right to be wound up.
First he said that the details about his deal with Countrywide would be released at some point. Then he said that he wanted to wait until after the Senate hearings, and then he would release them after the president signed the - at the time - $300 billion bank bailout bill. (a.k.a Crap Sandwich 1.0)
All I hear are crickets; and maybe a jackhammer or two as liberals tear down private enterprise in this country.
Connecticut governor asks banks to help small businesses
October 9, 2008
Is this not how all of this economic strife started? Connecticut’s Republican governor, M. Jodi Rell, wants local community banks to contribute $1 million each into a lending pool that will provide loans to small business.
Car buyers upside down after driving off the lot
October 8, 2008
I understand that most car buyers are not purchasing vehicles for an investment, but you have to admit that just because you’re upside down in a borrowing situation does not mean that you are unable - or unwilling - to make the payments.
When you took the zero down payment plan and drive your new car off the lot guess what? You’re upside down. You may owe more money to the bank than what the car is worth. It does not really feel good, but you make the payments. The same thing is happening to some home owners. We need to look at the culture of lending and borrowing.
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.
