Tag Archives: center for american progress

Learning From Failed Bank IndyMac

The FDIC took charge of IndyMac and began altering mortgages to the advantage of homeowners. Banks lose money when they have to foreclose. A wave of foreclosures is sinking the economy. FDIC’s attractive head Sheila Bare has ideas about how … Continue reading

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Desperate Journalistic Attempt To Shift Blame From Fannie/Freddie

Here’s a column from the Heritage Foundation: Desperate to defend the incoming corporate-socialist order, the Center for American Progress again defended Fannie Mae and Freddie Mac after Wednesday’s presidential debate. CAP’s Wonkroom notes that John McCain accused Fannie and Freddie … Continue reading

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Inside John McCain’s Mortgage Plan

From the AP: “The mortgages that are causing this credit freeze are generally mortgages that aren’t available for purchase,” said Alan M. White, Valparaiso University specialist in consumer law. With foreclosures on the rise — particularly in election battleground states … Continue reading

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Rescue Package Not Enough

The Center for American Progress posts: This in turn allows businesses, individuals, and state and local governments to sustain borrowing again, thus avoiding job losses, missed paychecks, and empty store shelves as businesses face cash shortfalls. 2. The Treasury uses … Continue reading

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Who Deserves Help?

Alan Zibel writes that "bailout" is a dirty word in Washington D.C. But there’s no shortage of politicians who want to "help." The subprime mess has rippled across the economy and hundreds of thousands of home-owners are in danger of … Continue reading

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