So I read that the House of Representatives websites and email servers are getting overwhelmed by the emails from people opposing the Bail-out (or T.A.R.P. as it is properly called — meaning Troubled Asset Relief Program).
Then I read articles by Dr. Doom himself, Professor Nouriel Roubini, an economist who predicted this economic fiasco with uncanny precision.
Okay, [...]
Posts Tagged ‘mortgage bailout’
Bail-out goes to the House tomorrow for a vote
Posted in finance, politics, tagged Bail-out, Buffett, economy, finance, House of Representatives, mortgage bailout, politics, TARP on October 2, 2008 | 2 Comments »
Let Risk-Taking Institutions Fail
Posted in finance, politics, tagged Bailout, financial, financial sector, mortgage bailout, National Debt, politics, Wall Street on October 1, 2008 | 2 Comments »
Here is an excerpt from a Time Magazine article which makes the case AGAINST the huge bailout being pushed down our throats. Here is an excerpt:
Let Risk-Taking Institutions Fail
By Ari J. Officer and Lawrence H. Officer Monday, Sep. 29, 2008
“Follow the money. Average Joes and Janes are not the holders of the other side of [...]
“Credit Crisis Paralyzes Economy
Posted in finance, politics, tagged credit crisis, debt, loans, mortgage bailout, politics, rescue plan on September 30, 2008 | 1 Comment »
So now ABC News publishes an inflammatory article titled “Rescue Plan in Limbo, Credit Crisis Paralyzes Economy” An excerpt follows,
(snip) “At the Advantage Auto Group, near Chicago, sales are down by 30 percent this year. Banks are partly to blame. They are writing fewer loans for new cars.” (end snip)
EXCUSE ME, THE BANKS ARE TO BLAME? [...]
The Credit Crunch Arrives
Posted in Happiness, politics, tagged credit crunch, depression, mortgage bailout, National Debt, politics, Wall Street on September 30, 2008 | Leave a Comment »
Here is a link to today’s Time Magazine article about the credit crunch rolling out in America today. An excerpt:
“For car loans, the division between those who feel the crunch and those who don’t often comes down to credit score. The average 60-month new car loan is priced at 7.10%, not much different than in the [...]
Blast from the Past: NY Times article from 9-30-1999 about Fannie Mae
Posted in politics, tagged Fannie Mae, financial crisis, mortgage bailout, politics on September 26, 2008 | 1 Comment »
“FANNIE MAE EASES CREDIT TO AID MORTGAGE LENDING
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot [...]
