Obama Nominee To Aid In Next Housing Collapse

President Barack Obama has nominated Rep. Mel Watt to be Director of the Federal Housing Finance Agency.  If his appointment is upheld, Watt may well lead America into another housing collapse. ...

Here we go again: Obama Wants Loose Mortgage’s, Again!

The Obama Administration Wants Banks to Stop Being So Uptight About their Mortgage Underwriting. How Crazy is That? Here we go again The Washington Post reports that the administration is ...

8 striking parallels between the U.S. and the Roman Empire

Is our republic coming to an unceremonious end? History may not be on America’s side. Lawrence Lessig’s Republic Lost documents the corrosive effect of money on our political process. Lessig persuasively makes ...

Chinese Citizens Buy 1 Out Of Every 10 Homes Sold In California

Only in the USA could one view the purchase of property by foreigners a sign of recovery. Chinese citizens buing 10% of every home sold in California, and 1/3 luxury ...

Barack Obama a Pioneering Contributor to the Subprime Real Estate Bubble

President Barack 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 ...

S&P: Risk of US double-dip recession rises

The odds the United States will slip back into recession next year have risen, ratings agency Standard & Poor’s said, citing risks from the European debt crisis and budget tightening ...

10 cities where homes cost less than a car

For many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent ...

The Housing bust over?

Nationwide, the housing market appears is back on track, so says the Wall Street Journal. It reports nearly seven years after the start of the housing bust, most indexes of ...

Depression Underway:Is The Real Crash Finally Upon Us?

Be prepared for the worst, Europe and China are both in free fall. This is getting very ugly real quick. Then comes the Greek elections and the bad begins. QE3 ...

What if everything we’ve been told about the financial crisis is wrong?

Stop me if you’ve heard any of the following before: Exploding ARMs to subprime borrowers kicked off the nation’s housing and ensuing financial crisis. Mortgages during the boom era were ...