Tag Archives: stimulus package

The Massive Overhang Of Mortgage Debt

Most economists are Democrats. Most academics in the social sciences are Democrats. Thus, the Washington Post says that economists gave Obama’s Thursday night jobs speech high marks. The president’s proposal was a conventional stimulus package, a smaller version of his … Continue reading

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Federal Housing Administration News

From the Washington Post: President-elect Barack Obama has picked New York City housing commissioner Shaun Donovan to be secretary of housing and urban development, a post that Obama said would play a lead role in his administration’s efforts to stem … Continue reading

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What Role For The Federal Housing Administration?

Consumer credit ground to a halt last month. Now the Federal Reserve is making moves to loosen things up. It is spending $600 billion to buy dodge mortgage-backed securities. It is spending $200 billion to help consumers with all sorts … Continue reading

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LAT: Only Government Can Save Us

The financial markets have broken down. The free market isn’t working. Only the government is big enough to turn this thing around. That’s the thinking of the MSM. Unsurprisingly, the LAT loves Sheila Bair’s FDIC proposal to rework loans in … Continue reading

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Recession Fears

Economist Mark Weisbrot writes: No, the US Federal Reserve has the capacity to provide enough liquidity so this crisis can be smoothed over. But it’s not going to end the bankruptcies of institutions that are financially insolvent, including some major … Continue reading

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Jumbo Loans Hard To Find In Michigan

From freep.com: High-cost housing markets across the country are getting a pick-me-up from the stimulus package and finally benefiting from a plan to generate lower rates on super-size mortgages. But Michigan‘s posh ZIP codes aren’t enjoying the party. If you’re … Continue reading

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