Tag Archive | "government"
CNN Fact Check: Would McCain’s mortgage plan shift burden to …
John McCain’s mortgage plan. “McCain would shift the burden from lenders to taxpayers, guaranteeing a loss of taxpayer money,” the ad’s narrator says. “Who wins? The same lenders that caused the crisis in the first place.” … More: CNN Fact Check: Would McCain’s mortgage plan shift burden to …
Continue reading...The McCain Mortgage Plan: Yet Another Reason McCain Is Not …
Friday, October 10, 2008
By the following morning, it was clear how McCain’s plan was different: it was principally a no-strings-attached present to banks that had made bad mortgage loans, and only secondarily a mortgage -relief program. … Continue here: The McCain Mortgage Plan: Yet Another Reason McCain Is Not …
Continue reading...McCain's Mortgage Bailout Plan
Friday, October 10, 2008
0) Most of our mortgages now reside in “bundles” of 500 - 1000 mortgages that can be sold or used as collateral for issuing bonds (aka securities) that make up the mortgage backed securities we hear of. Before we can do anything with … More here: McCain's Mortgage Bailout [...]
Continue reading...Mortgage Rates are Moving Higher
Friday, October 10, 2008
The stock market has recently fallen to the lowest levels since 2003 due to fears of a recession from the credit crisis. Normally Mortgage Backed Securities and Treasury markets gain during a stock market decline, but this time they … Read the rest of the post here: Mortgage Rates are Moving Higher Share and Enjoy:
Continue reading...McCain’s $300 Billion Mortgage Plan Draws Mixed Reviews
Friday, October 10, 2008
On Wednesday, he pitched his new $300 billion plan for the government to buy distressed mortgages from banks without making them take a discount on the sale. The loans would be reduced, at taxpayer expense, so borrowers could afford to … Read the rest of the post here: McCain’s $300 Billion Mortgage Plan Draws [...]
Continue reading...Is McCain’s Mortgage Plan Even Legal?
Friday, October 10, 2008
John McCain said his “Homeownership Resurgence Plan” to allow the federal government to buy up bad debt from banks and allow people to refinance mortgages they can no longer pay, may require $300 billion in “new money.” … More here: Is McCain’s Mortgage Plan Even Legal?
Continue reading...Democrat Official Joins Pro-Obama Voter Fraud
Friday, October 10, 2008
A federal judge has found Democrat and pro-Obama Ohio Secretary of State Jennifer Brunner guilty of violating Ohio election laws. ACORN (Association of Community Organizations for Reform Now) voter fraud is running rampant in Ohio and Brunner has tried to stop any and all investigations into said fraud. Note: ACORN has previously confessed to Ohio’s [...]
Continue reading...McCain’s Mortgage Giveaway
Friday, October 10, 2008
McCain is selling his plan as a bold and fresh move: The government buys bad mortgages and renegotiates them on lower terms, so people can stay in their houses. But the reviews from economists haven’t been good. The plan, they say, … More here: McCain’s Mortgage Giveaway
Continue reading...Pending Home Sales for September Show Uptick
Friday, October 10, 2008
Is this a change in direction for the housing market? Nationally, home sales activity “surged” in September as buyers took advantage of low home prices and affordable interest rates, according to a NATIONAL ASSOCIATION OF REALTORS® report released today. The Pending Home Sales Index, a forward-looking indicator based on home sales contracts signed in August, [...]
Continue reading...?We Gotta Get Us Some More Terrists? II
Friday, October 10, 2008
?We Gotta Get Us Some More Terrists? II October 10th, 2008 admin Remember the movie “The President’s Analyst” where the phone company secretly ran everything? Well, the government has done them one better over the years. Despite pledges by President George W. Bush and American intelligence officials to the contrary, hundreds of US [...]
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- Updates for 2008-10-10
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- CNN Fact Check: Would McCain’s mortgage plan shift burden to …
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Friday, October 10, 2008
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