Posts Tagged ‘mortgage’
How 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 MoreThe growing government hand – looking back
M. Jay Wells at American Thinker has put together a time line wrapping together – year by year – how the mortgage crisis happened. It’s a long post, but worth your time this Sunday morning. The piece outlines choices made by our elected leaders – and influence by organizations like ACORN – going back to…
Read MoreDodd still keeping his mouth shut
Did he think we would forget? Senator Chris Dodd (D-Conn.) got a break on his two mortgages and people were pretty wound up about it. Since he’s the chairman of the Senate Banking Committee people have a right to be wound up. First he said that the details about his deal with Countrywide would be…
Read MoreConnecticut governor asks banks to help small businesses
Is this not how all of this economic strife started? Connecticut’s Republican governor, M. Jodi Rell, wants local community banks to contribute $1 million each into a lending pool that will provide loans to small business.
Read MoreCar buyers upside down after driving off the lot
I understand that most car buyers are not purchasing vehicles for an investment, but you have to admit that just because you’re upside down in a borrowing situation does not mean that you are unable – or unwilling – to make the payments. When you took the zero down payment plan and drive your new…
Read MoreACORN will help judges mitigate mortgages
That is what Malkin is implying today. No time to research right now, but this goes hand-in-hand with what I wrote about earlier this week. Democrats and ACORN want judges to get involved with mortgage mitigation, where they have the power to lower interest rates and/or cut principle balances. Biden demanded it in the debate,…
Read MoreYour local bank is in fine shape, thank you
Earlier today, Chris Dodd – senator from Connecticut and Senate Banking Committee chairman – stopped by the Sheraton Hotel at Bradley Airport to meet with Connecticut business and labor leaders. He hoped the market would react positively to the federal government taking over a good chunk of the U.S. housing market. As of noon ET,…
Read MoreFox News slams Democrats on FM/FM – two days in a row
On Tuesday, I provided links to Jim Angle’s report with solid information and reporting on the Democrat congressional involvement – almost exclusively – on creating the current financial issues. Last night, Bret Baier from Fox News took stock of specific non-action by the Senate Banking Committee. Quite a few “see, I told you so” moments.…
Read MoreMore proof Democrats let financial crisis happen
For those of you not paying attention, during the past 72 hours the financial crisis has been clearly explained more than a few times, and now the main stream media is catching up. Jim Angle – Fox News contributor – has a great video report that sums up the crisis again. The truth will be…
Read MoreYes, Democrats created housing and financial crisis
I found this earlier today and sent out a quick Tweet on the subject, and Powerline just picked it up within the past few minutes. The basics of the commentary by Kevin Hassett is that although the financial crisis seems quite complex, it’s really not too hard to understand.
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