Tag: "barack obama"

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

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.

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Have a “Plunder Party” and Help Change Our World

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.

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Mortgage aid program still having mixed effect

Mortgage aid program still having mixed effect

The Obama administration’s main mortgage assistance plan has provided permanent relief to 25 percent of borrowers enrolled, but nearly as many have dropped out.




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Foreclosure aid helping more homeowners

Foreclosure aid helping more homeowners

In this March 11, 2010, file photo, homeowners wait to meet with housing counselors and representatives from major lenders at an event sponsored by the Making Home Affordable program in Glendale, Ariz. 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.




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Q&A: Obama’s new mortgage aid plan

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.




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Latest housing plan might help only a few

Latest housing plan might help only a few

March 26: In an acknowledgement that the $75 billion dollar mortgage bailout has fallen short, the government on Friday announced plans to expand the program to target those homeowners who owe more than their homes are worth. CNBC's Diana Olick reports.  (Nightly News)A series of changes to the Obama administration’s year-old foreclosure relief plan do little to attack fundamental logjams that have plagued the program.




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U.S. unveils plan to shrink some home loans

U.S. unveils plan to shrink some home loans

March 26: In an effort to stem the foreclosure crisis, the White House is proposing a new initiative to help struggling homeowners. NBC’s Chuck Todd has more details. (Today Show)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.




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WP: Obama to push mortgage help for jobless

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.




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Watchdog: Mortgage plan goal ‘meaningless’

Watchdog: Mortgage plan goal ‘meaningless’

A government watchdog is criticizing the Obama administration for establishing a “meaningless” goal for its flagship mortgage assistance program.




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Geithner: Housing needs government oversight

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.




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Mortgage relief aid reaches few homeowners

Mortgage relief aid reaches few homeowners

March 10: Fred Glick of US Loans Mortgage discusses his innovative idea for mortgage relief with CNBC. Christopher Thornberg, of Beacon Economics, shares his insight. (CNBC)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.




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Obama considers changes to mortgage plan

Obama considers changes to mortgage plan

The Obama administration is soon expected to unveil additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program.




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Obama unveils $1.5 billion in housing aid

Obama unveils $1.5 billion in housing aid

Feb. 19: Speaking at a town hall in Henderson, Nevada, President Obama defends the recovery act and the jobs he says it has helped to create, and announces a $1.5 billion plan to help troubled homeowners. (NBC News)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.




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Obama to offer more housing help

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.




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Mortgage ‘relief’ leads to foreclosure notice

Mortgage ‘relief’ leads to foreclosure notice

Red Tape: For nine months, Deb Franklin said, she did exactly what JP Morgan Chase and President Barack Obama told her to do. She made her mortgage payments on time. Then, on the day after Christmas, a “bomb dropped” on her life.




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