Category Archives: Democrats

Corporate Loan Default Rising To Level Of Great Depression

Angelo Mozillo in 2007 noted that the mortgage market was seeing defaults at a rate not seen since the Great Depression. This remark was the first official announcement of our mortgage meltdown and Countrywide stock went in the toilet. This … Continue reading

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With A Little Help From Friends

From the New York Times editorial: Countrywide, a home-loan powerhouse, figures prominently in the subprime mortgage crisis, which has put hundreds of thousands of Americans at risk of losing their homes. The revelations about Mr. Dodd, Democrat of Connecticut, and … Continue reading

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Key Democrats Want Government To Stabilize Housing Crisis

The WSJ reports that the White House’s free market bias is meeting opposition. Barney Frank (D., Mass.) is the chairman of the House Financial Services Committee. He wants to refinance as many as one million “distressed” homeowners. He wants Uncle … Continue reading

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