Tag: "barack obama"

Obama’s Speech Avoids Using the “N” Word…

I realize that his speech the other night was intended to be more State-of-the-Union-like than a presentation of specific solutions, but I still came away feeling a bit like a Christian Scientist with appendicitis.

America’s banks are, in large part, insolvent. But, with the TARP widely perceived as having accomplished nothing, American taxpayers have no appetite for further bailouts.

The issue that needed to be addressed, in my mind anyway, is what we’re going to do about our insolvent banks. Are we going to bail them out again? Are we going to allow them to default and be taken over by the FDIC? Or, are we going to start using the “N” word… Nationalization.

Have a “Plunder Party” and Help Change Our World

PLUNDER – The Crime of Our Time, is a movie produced and directed by Danny Schechter, that shows what Wall Street did to destroy our economy. It’s the first movie that clearly shows that what’s happened over the last several years was not a natural disaster, nor was it a market correction. The destruction of our credit and financial markets, along with the housing market was not caused by irresponsible borrowers, it was the result of financial terrorism… a series of criminal acts perpetrated by Wall Street’s bankers who made billions as a result.

Foreclosure aid helping more homeowners

The number of homeowners in the Obama administration’s flagship foreclosure prevention program is growing, data released Wednesday show. Yet it’s not all good news.

Mortgage – Foreclosure – Presidency of Barack Obama – Bailout – United States

Q&A: Obama’s new mortgage aid plan

The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people who owe more on their mortgages than their homes are worth.

Mortgage – Foreclosure – Presidency of Barack Obama – United States – President

U.S. unveils plan to shrink some home loans

After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration has a plan to cut the amount some troubled borrowers owe on their home loans.

Foreclosure – United States – Presidency of Barack Obama – Loan – Mortgage

WP: Obama to push mortgage help for jobless

The Obama administration plans to overhaul how it’s tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments.

Foreclosure – Mortgage – Presidency of Barack Obama – Business – United States

Geithner: Housing needs government oversight

The government should continue to play a role in any new system of housing finance Congress develops, Treasury Secretary Timothy Geithner told lawmakers Tuesday.

United States Congress – Presidency of Barack Obama – Financial crisis – United States – Business

Mortgage relief aid reaches few homeowners

Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration’s foreclosure prevention program.

Mortgage – Presidency of Barack Obama – United States – President – Business

Obama unveils $1.5 billion in housing aid

President Barack Obama used a campaign push for Senate Majority Leader Harry Reid to announce a new fund to support homeowners in five states hit hardest by the housing crisis.

Barack Obama – President of the United States – Economic – United States – Politics

Obama to offer more housing help

President Obama will use a campaign stop for Senate Majority Leader Harry Reid  to announce a new initiative to help support homeowners in states hit hardest by the housing crisis.

Harry Reid – Party leaders of the United States Senate – President of the United States – United States – Barack Obama