Posts Tagged ‘bailouts’
Where Did The Money Go?
… oh and where is the next round of money going. The Fed asks us to put our faith in them. PEBO asks us to put our faith in him. The Democrats ask us to put our faith in the Government. Trust us is the mantra in Washington. Trust us with your money. One trillion…
Read MoreIt’s not pork … it’s an investment.
Red State does a great job of drawing out the pork in a 825 billion dollar “must have right away or the nation will sink into a depression like you have never seen before” stimulus package. Are you curious about what’s in the stimulus bill? We’ve put it online at ReadTheStimulus.org, and have even parsed the…
Read MoreHas Congress Jumped The Gun
The Senate, led by Chris Dodd, released the rest of the $350 billion in TARP funds … but was it really necessary? You decide. httpv://www.youtube.com/watch?v=dQw1yUF_vns
Read MoreOh My …. $850 Billion Dollars
I was not going to post but Drudge and HotAir have featured it and it really is worth the watch. This is my own recording so it should play well. The Democrats have finally introduced “Son of Bailout”. That prompted this response from House Minority Leader John Boehner (R) Ohio, “Oh my God”. From “Live Desk” on…
Read MoreThe Party Never Ends
It’s a great song by Robert Earl Keen … the road goes on forever and the party never ends. That in a nutshell is the bailout fever gripping DC and summed up well by NJ Congressman Scott Garrett. He tells Fox News why the crummy $500 check will do little to solve the big problem…
Read MoreThe Designer Bailout
OK, it’s officially out of control. Bizarre. CNN reporting on the Obama stimulus plan uses a designed retailer as an example of businesses looking for help from Washington. What makes this so bizarre is the owner is looking to the government to help her expand her retail business. The best part is right at the start. httpv://www.youtube.com/watch?v=PJVjfjWrnCs…
Read MoreHomeowners not applying for federal program offering refinancing
Originally, this post was referring to an AP story about more companies lining up for a piece of the bailout fund. But alas, hidden within that story was a little treasure about the HOPE for Homeowners program passed by Congress in October to help those at risk of foreclosure or default refinance their debt and…
Read MoreAP story notes Republican involvement in GSE mess
I’m fully on board with blaming Democrat lawmakers in Washington for contributing to the mortgage crisis that started with Freddie Mac and Fannie Mae. Republicans introduced legislation that would more closely regulate the government sponsored entities (GSEs). Democrats – including Barney Frank (D-Mass.) – blocked that legislation, all but calling those asking for the changes…
Read MoreHow does a 4.5% mortgage sound to you?
As I walked through the living room just now, I heard talk of a 4.5 percent fixed rate mortgage on Fox News. Financial industry lobbyists are knocking on Hank Paulson’s door at the Treasury Department with a plan in hand to lower interest rates to help “stabilize” the housing market. Will everyone be able to…
Read MoreSmall banks punished for solid business model
Citibank is a big bank, one of those companies that are just too big to fail. When the government steps in to help a single bank – like Citibank – with an infusion of $20 billion in cash and more than $300 billion in loan guarantees, you’ve got to wonder how Citi’s competitors feel about…
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