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Car buyers upside down after driving off the lot

By Steve McGough / October 8, 2008 / Comments Off on Car 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…

Yes, Democrats created housing and financial crisis

By Steve McGough / September 22, 2008 /

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.

The Bailout Bust

By Jim Vicevich / December 12, 2008 /

  This is now officially insane, but you just knew is was coming. Touched on this in the show. Last night Neil Cavuto interviewed Professional Home Buyer Jeremy Brandt who said his business is booming because homeowners WHO CAN PAY, are not paying their mortgages, hoping to cash in on the very generous government program…

Levin tears into the subprime crisis lies

By Steve McGough / September 21, 2008 /

Mark Levin – a great constitutional scholar – has a radio program on WABC in New York at 6 p.m. ET after the Hannity slot. I enjoy listening to him when I can and his book, Men in Black, helped me put into perspective how the judicial branch of the federal government got out of…

Bernake Calls for Reductions in Mortgage Principal

By Steve McGough / March 4, 2008 / Comments Off on Bernake Calls for Reductions in Mortgage Principal

Outrage of the day. The fed chairman is suggesting that lenders actually lower the principal of mortgages for those having difficulty covering the rising costs of their subprime loans.