Posts tagged as:

Obama

Finding a Fix for Housing

by Moe Bedard

Discussing what the obama administration can do to fix the housing crisis, with Gerald O’Driscoll, of the Cato Institute; Jonathan Cowan, of Third Way; and CNBC’s Diana Olick.

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Obama Administration Expands Loan Modification Plan

by Moe Bedard

“If a modification is not possible, we are also announcing steps to encourage the quick private sale or voluntary transfer of property, which will save homeowners money and protect their financial future,” Geithner said. “These are critical steps in stemming the foreclosure crisis and stabilizing the housing market.”
Homeowners  who do not qualify for a loan [...]

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A Political Slight of Hand

by Moe Bedard

By Moe Bedard
While the cramdown bill dies, providing evidence of our representative’s willingness to sell us out, some may say that our representatives have already passed legislation to help Main Street like the foreclosure bill and the Hope for Homeowners plan. Whereas it may seem like these two programs are designed to help us, upon [...]

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HUD Secretary Donovan Speaks on the Obama Housing Plan

by Moe Bedard

SHAUN DONOVAN, HUD SECRETARY: We’re going to target those borrowers that are most at risk of foreclosure through our modification plan, helping to bring payments down to 31 percent of their income for three to four million borrowers. We’re going to target that in a way that first of all, no speculators, no investor-owners are [...]

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Foreclosure Prize Fighters: Obama vs. Mccain

by Moe Bedard

Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.

Obama’s plan to fight foreclosures:
 

Give homeowners the chance to have their loan modified, provided they meet certain criteria.

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Obama criticizes John McCain saying that he is “out of touch with the struggles of working people.”

by Moe Bedard

The candidates have been scurrying to obtain support from the American consumer. AKA, The American worker, blue collar folks or Homeowner Joe.
In their attempts to connect, are they just showing how disconnected they really are?
The guy suffering in the street is someone that all presidential candidates are out of touch with. How can any of the candidates [...]

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Penny Pritzker Stole My Money

by Moe Bedard

By Fran Sweet
To Elizabeth from April 4:
I’m the Fran Sweet mentioned in the article. Elizabeth apparently you are a very gullible Obamaite. You believe Penny Pritzker? Wow what world do you live in!?
Please see the Chicago Sun Times article dated Aperil 28, 2008, titled: Obama’s Subprime Pal which provides proof (a letter signed by Penny) [...]

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Barack Obama was in Chicago at the time of the Superior Bank failure & has full knowledge of what went on and the cause of the collapse.

by Moe Bedard

I wrote a blog post about Penny Pritzker, 2008 campaign finance chairman for Barack Obama 2 weeks ago titled, “Is Obama for the People or the Banks?” and in that post I quoted Earl Ofari Hutchinson from the Huffington Post.
I had to do more research into this and expose the truth behind the Pritzker [...]

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Mortgaging the future – Foreclosure plans highlight key difference between Obama, Clinton

by Moe Bedard

Clinton has a stunningly simple solution, as stated in one of her TV ads: “freeze foreclosures” for 90 days and “freeze rates on adjustable mortgages.” Those are a perfect answer, assuming this is the question: How can the government reward irresponsibility, discourage mortgage lending and increasing the cost of financing a home?
After all, it’s easy [...]

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