Archives by Tag ' McCain '
May 12, 2008

OBAMANOMICS VS NO ECONOMICS AT ALL the government is charged with reporting on inflation when it has a vested interest in keep the reported inflation low both for political and financial reasons The job of the Petitioner in bankruptcy to get a modification of the Chapter 13 plan is therefore double-whacked because of (1) a […]

May 2, 2008

The McCain-Clinton gas holiday proposal is a perfect example of what energy expert Peter Schwartz of Global Business Network describes as the true American energy policy today: “Maximize demand, minimize supply and buy the rest from the people who hate us the most.” Good for Barack Obama for resisting this shameful pandering.   April 30, […]

May 1, 2008

CLINTON — MCCAIN FORECLOSURE FREEZE GETS COLD SHOULDER BUT SOUNDS GOOD Well here is a version (SEE ARTICLE BELOW) of what we have been pushing for months —- changing the terms of the mortgages so that the homeowner can stay in the house and the mortgage can be modified, sold or recast for capital accounting. […]

Apr 21, 2008

Mortgage Meltdown: Foreclosure Option — JINGLE MAIL (Send the keys back to lender) The issue is the stability of our economy, and our ability to recover the value of our homes, salvage the lifestyle of our neighborhoods and deal with the blame issues later through appropriate regulations. Mortgage Lenders, with full authority from the investment […]

Apr 13, 2008

The bottom line is that regardless of who steps into the oval office next January, nothing will actually change unless the dynamics of political participation by U.S. Citizens changes. It isn’t enough to vote. It isn’t wise to trust any leader to do the right thing. And it isn’t wise to trust that once a […]

Mar 26, 2008

McCain’s Folly The solution to the liquidity crisis continues to be a political agreement between government, business, borrowers and investors in which the obvious factors are directly addressed — overvaluation of home values, overvaluation of creditworthiness, and overvaluation of CMOs. Any plan which does not address those factors will merely be an attempt to sweep […]

Mar 8, 2008

The problem for homeowners is that however many ideas are put forward they won’t be effective in time to save most people, they won’t be in time to save the economy, and they won’t be in time to save our currency from further wrenching devaluation. It is the fierce urgency of now that cannot even […]

Mar 8, 2008

OBAMA MOVEMENT IS LAST CHANCE FOR ECONOMY AND HOMEOWNERS. CHANGE THE RULES OF CIVIL PROCEDURE REGARDING FORECLOSURES OF ALL TYPES. As we have have repeatedly pointed out, there is no time for stimulus packages, legislative bailouts, or executive orders.  The evidence is mounting because [a] the situation is as bad as it looks and it […]

Mar 6, 2008

It’s 3a.m., the phone rings. A girl with an apron answers and says “Thanks for calling Crispy Creme.” Hillary places her order for Bill. The fact is that none of the three candidates — McCain, Obama, or Clinton have ever had that 3am call nor have they ever had to make an executive decision in […]

Mar 5, 2008

What we know is that nothing constructive is happening now, the usual ideological gridlock is preventing progress, and that the curiosity about a brilliant new face might just get the right people to the right table at the right time.   Bernanke is completely right that the ONLY way out of this mess is not throwing […]