Sean Olender
Sunday, April 5, 2009
President Obama must stop the bailouts and start the prosecutions. It's time to focus on anti-poverty programs to protect the growing unemployed from hunger and homelessness. Stealth payments to billionaire bondholders must cease immediately....
33 results in 0.0071 seconds.
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'Bailout psychology' destroying the economy
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US watchdog calls for bank executives to be sacked
James Doran in New York
The Observer, Sunday 5 April 2009
Elizabeth Warren, chief watchdog of America's $700bn (£472bn) bank bailout plan, will this week call for the removal of top executives from Citigroup, AIG and other institutions that have received government funds in a... -
New signs emerge that recession may be near bottom
hmmm... somehow I doubt its over...
The Commerce Department said today orders for manufactured goods rose 1.8 percent in February, reversing six straight monthly declines and easily beating estimates of another drop.
Other economic indicators came in better than expected,... -
Soaring Job Losses Heighten Concerns for Commercial Real Estate
While Wall Street shrugged off Friday’s dismal employment report — the Dow Jones Industrial Average rose nearly 40 points — the loss of 663,000 jobs in March portends more weakness for U.S. commercial real estate.
“It means that we’ll see several more quarters... -
Florida commercial real estate collapse March 2009
How is your town doing? Is there tons of empty commercial real estate? Is this the end of the urban sprawl? Many are losing millions from lost rentals. If the large corporations are having a hard t...
From: http://www.youtube.com/watch?v=LrH_hToGwN4
Also watch "Jim Rogers "America is out of control"...Last edited by Marc; 10-04-2009, 12:56 PM. -
Rate on 30-Year Mortgage Falls to New Record of 4.78%
By: Reuters | 02 Apr 2009 | 11:48 AM ET
U.S. mortgage rates slid to a record low during the past week, Freddie Mac said Thursday, as concerted government steps to reduce borrowing costs take hold.
The average 30-year home loan rate fell 0.07 percentage point in the week... -
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion
By Mark Pittman and Bob Ivry
March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
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Defaults Rise on Home Mortgages Insured by FHA
Defaults on home mortgages insured by the Federal Housing Administration in February increased from a year earlier.
A spokesman for the FHA said 7.5% of FHA loans were "seriously delinquent" at the end of February, up from 6.2% a year earlier. Seriously delinquent includes loans... -
Why Are These Renters Smiling?
WHEN Whitney Pettyjohn and her 19-year-old sister, Chelsey, moved to Brooklyn last August, the best deal they could find in their price range was a two-bedroom in Bushwick with unreliable heat, nine blocks from the Morgan Avenue stop on the L train. It cost $1,700 per month.
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Jim Rogers "America is out of control" demise of the dollar
From: http://www.youtube.com/watch?v=qtVX2Mfawxc
Also watch "Marc Faber US Government Will Go Bankrupt! Global Economic Collapse" watch here...
Cheers
MarcLast edited by Marc; 07-04-2009, 02:33 PM. -
Home Prices Nearing Bottom? Well, That Depends…
By Thomas Lawler
Thomas A. Lawler is founder of Lawler Economic & Housing Consulting, LLC, which provides data, analysis, and forecasts of housing, mortgage, financial and economic trends to a select group of clients. Mr. Lawler worked for Fannie Mae for 22 years, before retiring as... -
Scenes from the recession
Awesome photos of the impact the recession is having on people and communities
Click here to see the photos...
Cheers
Marc... -
Jim Rogers: Bailouts Increase Depression Risk
From: http://www.youtube.com/watch?v=UqQnScNE78s
Also watch "Jim Rogers: We're going to have an inflationary nightmare" - click here
Last edited by Marc; 16-04-2009, 10:49 AM. -
50% of homeowner equity lost in a flash
BY ILYCE GLINK, TUESDAY, MARCH 17, 2009.
Inman News
Q: I purchased a home in 1993 as a single man with a mortgage in my name only. In 2001, I paid off the mortgage. Not being married, I signed a quitclaim deed transferring ownership with right of survivorship to myself, a single... -
Most Americans Hanging on By a Financial Thread: Study
Want a stunning figure? Half of Americans now say they are only one month or less away from not being able to meet their financial obligations if they were to lose their job — just two paychecks or less. And of these, more than half — 28 percent of all Americans — say they could not...
