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Obama Regulatory Reform Plan Officially Establishes Banking Dictatorship In United States

Jun 19, 2009

"How simultaneously dangerous and ridiculous it is that the Federal Reserve is given more authority to oversee the economy. This is the same privately run entity that refused to comply with congressional demands for transparency and disclose the...

Foreclosures Surge as Stabilization Drifts Further Away

May 28, 2009

"The housing market may not stabilize until Q111, the Mortgage Bankers Association said today, upon release of its National Delinquency Survey, which shows foreclosure activity hit an all-time...

Housing Facing Another Bump In Road To Recovery?

May 27, 2009

The street is predicting existing home sales to increase, based largely on the sales surge of distressed properties. No question, the bottom feeders are back in the game, as are first time home...

Why a Housing Recovery Requires Lower Prices

May 26, 2009

"Why should investors â€” or homeowners, for that matter â€” care much about the opinion representing the consensus view? That consensus missed the credit bubble as it formed, wrongly believed the...

Fannie Program Sees 70% Recidivism

May 22, 2009

"A program aimed at helping delinquent borrowers become current once more on their mortgages will likely see decreased volumes at mortgage giant Fannie Mae (FNM: 0.78 0.00%) after the Federal...

China Signals That It May Allow Currency to Rise Against Dollar

Nov 11, 2009

" China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate."

More On Lies - Strong Dollar

Nov 11, 2009

" If interest expense ever exceeds income, you're finished, just as was the "buyer" who took out an OptionARM and then had his payment reset to more than his income. Instant Boom. The same thing happens to nations. The problem is that nobody knows...

Big banks still aren't lending enough

Nov 11, 2009

"FDIC Chairman Sheila Bair said the FDIC's upcoming quarterly report would show that "not many large institutions are doing a very good job of lending." Instead, she said, some are taking advantage of near-zero interest rates by borrowing dollars...

Dodd Pay Plan Called Toothless as Bonuses Set Record

Nov 11, 2009

" Senator Christopher Dodd’s plan to overhaul financial regulation may do little to curb pay as Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank prepare to award record bonuses."

Two builders are getting back into housing business

Nov 11, 2009

Craig Manchester and Eugene Rosenfeld, who recently agreed to manage a $200-million fund for Oaktree Capital Management, will start making loans for land acquisition and home construction. Home development all but stopped in recent years during the...

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