This was entirely a political crisis — not an economic or even fiscal one. – IBD
Post Tagged with: "housing"
December 21, 2012 08:41
Liberal Housing Policies ‘Clearly’ Led to Collapse
“There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts,” or predominantly low-income and minority areas. – IBD
October 18, 2012 05:59
Another ‘Bama Boondoggle – Over Half of Foreclosures Now ‘Repeats’
It is that delaying the inevitable makes the problem worse. Had these borrowers finished the foreclosure process the first time around, housing prices would have adjusted quicker and the housing market would have also been on the road to recovery quicker.
September 5, 2012 09:32
Obama sued banks to give subprime loans to Chicago’s African-Americans
Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.
July 30, 2012 09:15
Obama Plans Another Housing Collapse?
The federal government is beginning another initiative to force banks to lend mortgage money to low-credit-rated blacks and Hispanics — specifically blacks and Hispanics — and is threatening and already imposing punitive fines if they don’t.
April 26, 2012 04:19
Housing prices reach record low under Obameconomy
Home prices continue to slump in the hope and change economy. Stagnant sales and low prices are expected to continue for at least the coming year. Look for Obama to offer something to bailout homeowners as the election progresses.
March 26, 2012 16:40
Bernanke is A Goat Not A Hero
An unbearable debt problem was addressed by making it bigger and more threatening. Government spending was out of control and unsustainable. That problem was “solved” by increasing spending massively. Problems that were intractable were transformed into impossible. Nothing has been solved on the economic front. Everything has been made worse!
March 21, 2012 07:37
False Flags in Housing Numbers
“When this housing recovery theme falls apart, the bull cases across a number of sectors will have their legs cut off over a three-month period, just like last year. And the gap between the consensus (further improvement into springtime) and the more-than-likely realization that the double dip continues is extremely large.”
March 7, 2012 05:39
Why we hate our government – stupid stuff from D.C.
We continue to see lunacy from congress which really amounts to feeble attempts to buy votes and stay in power while bankrupting future generations. Is there any wonder why congress’ approval ratings are at historic lows? Why do we keep sending the same stupid people back?
February 28, 2012 05:53
Billions in foreclosed homes to go to connected investment companies
“[T]he federal government is about to dump millions of the foreclosed homes at fire-sale prices to hedge funds and private-equity firms with government connections. If you’re an individual investor who might like to get in on the action, forget it! You’re shut out of this deal.” – Addison Wiggin
