Tag Archives: spencer bachus

How Do You Like Obama’s $20 billion mortgage shakedown?

The Obama administration wants to force banks to pony up $20 billion that Obama and the Democrats can dispense to home owners with equity and others who’ve made bad decisions. It is an attempt to buy a second term for … Continue reading

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Elizabeth Warren’s Role In Mortgage Talks

Elizabeth Warren is an academic socialist who wants the government to oversee corporate America to ensure that it plays by leftist rules of inclusivity and concern for minorities and the poor. The WSJ reports: The back-and-forth between White House adviser … Continue reading

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Shoddy Foreclosure Practices

So lenders have not been perfect in the way they have processed mortgage foreclosures. Very few people have been dispossessed of their homes who were making their mortgage payments on time. These paperwork problems are just another opportunity for the … Continue reading

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Obama’s Foreclosure Settlement With Banks Called A Shakedown

Republicans don’t like how the Obama administration is threatening businesses into making deals with it. Here’s a press release: Sen. Richard Shelby of Alabama, the ranking Republican member of the Senate Banking Committee, calls the proposed $20 billion mortgage settlement … Continue reading

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Republicans Target Obama’s Mortgage Program

Republicans are elected to reduce government spending. They say that many of Obama’s programs have proved to be poor investments, including his mortgage relief program. The national debt has skyrocketed under Obama. The Washington Examiner reports: When Congress returns from … Continue reading

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Republicans Eager To Join Forces With Obama To Eliminate Fannie Mae, Freddie Mac

Federal government intervention into the mortgage market wrecked the most reliable investment in the country over the past 100 years. Now Republicans are eager to roll back government intervention and Obama appears ready to join them. So far taxpayers have … Continue reading

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When Are We Going To Get Some Mortgage Reform?

The Bush administration did its best to get Fannie Mae and Freddie Mac under control during the housing boom but Barnie Frank and the Democrats (and some Republican legislators) derailed any attempts at reform. Barnie Frank said we didn’t have … Continue reading

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Freddie Mac’s Losses Decline

That’s about the only good news that I can find in the latest figures. Freddie Mac says it does not need new federal government subsidies. The Obama administration is taking its sweet time reforming these drunk on subsidies companies. The … Continue reading

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Republicans Now Have A Mortgage Plan

The Democrats were getting all the positive press for pushing various plans for the government to intervene in the housing market and bail out those who made bad decisions. The Democrats are ready to spend $300 billion and more. The … Continue reading

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