Tag Archives: government effort

Obama Lets Underwater Home Owners Refinance Their Mortgages

(Bloomberg) — U.S. regulators will let qualified homeowners refinance mortgages regardless of how much their houses have dropped in value, expanding a government effort to chip away at one of the economy’s most unyielding problems. Luke says: Qualified homeowners? What … Continue reading

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We’re Unlikely To Get Our Money Back

We’ve spent billions on bailouts. Now it looks like General Motors and Chrysler will need another bailout. We’ve spent about $200 billion on propping up AIG. Don’t hold your breath waiting for us to get our money back on that. … Continue reading

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