Archives by Tag ' housing '
Submitted on 2008/12/14 at 7:46pm Community leaders in Pacoima and other northeast San Fernando Valley areas have organized more than 500 Latino immigrant families to negotiate with banks as a group rather than individually. By Jessica Garrison L. A. Times December 8, 2008 Shortly after Father John Lasseigne took over last summer as head of […]
Submitted on 2008/12/14 at 8:37pm by Philip Elliott | The Associated Press Saturday December 13, 2008, 3:54 PM CHICAGO — Promising a prominent role for his housing department, President-elect Barack Obama on Saturday named a Harvard-educated architect to lead an agency dealing with the mortgage mess that dragged the country into a recession. Former Clinton […]
Despite all efforts to conceal the pernicious effects of inflation and the rising tide of credit warning signals, it is now crystal clear that the underlying inflation rate in the United States is over 15% while the dollar declines in value at about the same rate. This double whammy is showing up in our pocketbooks, […]
Virtually ALL of the the decisions concerning money supply and “regulation” are being made in the private sector which is devoted to one thing by mission and by intent: transfer of wealth to the big dogs in the private sector. This clearly government function, as specifically expressed in the U.S. Constitution has been abandoned by […]
When foreclosures rise, crime often follows, researchers said. A 2005 study by the Georgia Institute of Technology and the Woodstock Institute found that, holding other factors constant, each foreclosure in a 100-house neighborhood corresponded to a 2.4 percent jump in violent crime. ONE IS LED TO WONDER WHEN THE BIG BOYS ARE GOING TO REALIZE THAT FORECLOSURE […]
Somehow, the housing trouble has to at least flatten out. As long as that is going on, I think the pressure on the credit system is going to persist. It is kind of the leading indicator. It is where the trouble started. We have to underpin the consumer. That is why this is different. […]
I’ve been working on this problem for over a year. No act of prescience or brilliance was required to know that if you pour water from a pitcher, eventually it will be empty even if you splash some more in from time to time. There isn’t enough money in the world to save us from […]
Here is my answer to the heart wrenching story presented by one of my readers. Perhaps it will help others as well. Your story is heart wrenching. You did everything right and it came out wrong. The deck is stacked. Perhaps there is a silver lining in all this. You have some extensive experience in […]
Reality Check Before we go forward with who called who a monster, or Ken Starr, bringing back memories of deceit, sex, lies and and videotape, let’s do a reality check. People are hurting and the candidates are getting information from advisors who simply don’t get it: the monster here is the economy, reflecting society decisions […]
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