Thinking about selling your house – A look at H.R. 2454 (Cap and trade bill) This is unbelievable! Only the beginning… .. Wow! Home owners take note & tell your friends and relatives who are home owners!!! Beginning 1 year after enactment of the Act, you won’t be able to sell your home unless you […]
Posted by Leon H. Wolf Via USA Today, TARP IG Neil Barofsky has some harsh words for the way the TARP funds have been handled: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to […]
If you thought home prices were bottoming out, you may be wrong. They’re expected to head a lot lower. Home values are predicted to drop in 342 out of 381 markets during the next year, according to a new forecast of real estate prices. Overall, the national median home price is predicted to drop 11.3% […]
To the Congress: The U.S. Postal Service was established in 1775 – you have had 234 years to get it right; it is broke. Social Security was established in 1935 – you have had 74 years to get it right; it is broke. Fannie Mae was established in 1938 – you have had 71 years […]
During the Bolshevik Revolution that led to communist Russia, Comrade Vladimir Lenin said, “Sell the capitalists enough rope and they will hang themselves!” Nearly 100 years later, Lenin’s predictions reveal his veracity with chilling fruition. The United States bleeds $11 trillion in debt. It suffers a $700 billion annual trade deficit, mostly with China, which […]
By: John Rossomando A prominent Republican senator who Barack Obama once considered to be his commerce secretary is warning that the administration’s fiscal policies could put the U.S. on the path to “banana republic” status. Sen. Judd Gregg, R-N.H., told CNN’s John King on Sunday’s “State of the Union” program that standards of living will […]
Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter – a sign the plague is still spreading. By Les Christie, CNNMoney.com staff writer Last Updated: October 15, 2009: 7:34 AM ET NEW YORK (CNNMoney.com) — Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number […]
CHARLOTTE, N.C. – Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills. The nation’s second-largest bank said it wrote down loans on its books by almost $10 billion during the July-September […]
