NY Times | Some Bankers Never Learn
Some Bankers Never Learn By GRETCHEN MORGENSON YOU’D think the mortgage bust would qualify as a teachable moment. But some people refuse to learn from mistakes — a list that apparently includes certain...
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Are you ready for … Pataki-mentum?
Excitement! Alternate headline: 12 comments or bust. USA Today reports today that another Republican may yet enter the presidential nomination sweepstakes, another governor from one of the most...
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Inquiring minds want to know: Why did green-jobs bust Solyndra get a gigantic...
Mysteries. Rich Lowry calls it “Obama’s Enron.” Over to you, House Republicans: House investigators said they have uncovered evidence that White House officials became personally involved in an Energy...
View ArticlePB Post | Florida Legislature Trying to Bust Foreclosure Backlog – Again –...
“There was an article about an 11 year old girl who was gangraped in Texas by 18 young men because she was dressed up like a 21-year-old prostitute. And her parents let her attend school like that.” ~...
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Solyndra employee to Mark Levin: “Everyone knew that the plant wouldn’t work”
Potemkin village. Yes indeed. Everyone knew. That was the point of last night’s post. And in fact, what you’re about to hear isn’t the first case of a Solyndra employee insisting that the whole...
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Obama touts Solyndra as having been a “good bet” as new e-mails reveal it,...
“Hindsight is always 20/20.” His defense, essentially, is that some loans are bound to go bust. Banks face the same hard reality, of course, and unlike the Energy Department’s green-loans program,...
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7 billion people. Bomb or bust?
How many is too many? One of the less political and more socially oriented stories making the rounds this week is the news that the Earth’s population is on track to break the 7 billion mark. Make no...
View ArticleRosa Schechter | Passidomo’s Proposed Fair Foreclosure Act Helps All of Us –...
“It’s true that in these situations, the banks would be allowed to meet a much less stringent standard in their burden of proof before legally foreclosing on a home. It’s also true that much of the...
View ArticleCalifornia Audit Finds Broad Irregularities in Foreclosures, 84 Percent of...
Audit Uncovers Extensive Flaws in Foreclosures By GRETCHEN MORGENSON An audit by San Francisco county officials of about 400 recent foreclosures there determined that almost all involved either legal...
View ArticleForeclosure Act DOA | Florida Legislature Adjourns: Some Bills Survive,...
“This is straight up dirty politics,” said Matt Weidner, a St. Petersburg foreclosure defense attorney. ~ Legislature adjourns: Some bills survive, hundreds die on last night of session TALLAHASSEE — A...
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Obama fundraising a flop?
Billion-dollar bust. Remember when the Obama campaign hinted that they could raise a billion dollars to keep Barack Obama in the White House? Good times, good times. In February, Obama raised $45...
View ArticleFed Blesses Banks | Federal Reserve Policy Statement on Rental of Residential...
Fed Blesses Banks’ Foreclosure-Rental Approach The Federal Reserve set out new polices for banks that decide to rent out foreclosed homes, endorsing a strategy for managing the huge number of...
View ArticleStill Crawling Out of a Very Deep Hole, The Collapse of Home Equity
NY Times — Still Crawling Out of a Very Deep Hole At the same time, home equity — for most families, the most important store of wealth — has been devastated by the housing bust, with $7.4 trillion...
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Reuters: Those “green-collar jobs” promises have been a bust, huh?
And not just in the Solyndra sense, either. When Barack Obama took office, he promised an explosion of jobs in the “green” energy sector, up to five million in the next ten years. In his 2009...
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Video: Green-tech bust Solyndra busted for abandoning toxic waste
How green was my valley? Not much. So much for the “green” in green-tech stimulus. When Solyndra went bankrupt and flushed over a half-billion dollars in taxpayer money down the drain, it didn’t...
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Could Romney outraise Obama?
Billion-dollar bust. Cue the sharp, staccato violin music, the wail of ghostly sopranos, and M. Night Shyamalan. Is it possible that the vaunted billion-dollar campaign of Barack Obama might stumble...
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Video: Jay Carney tries, fails to explain the difference between Bain Capital...
Nuance. Via Jim Treacher, 51 agonizing seconds of Carney trying to explain on the fly why Solyndra going bust is a normal win-some-lose-some result when you’re investing in new ventures whereas Bain’s...
View ArticleBreaking: Obama administration to loosen deportation rules
So, the “framing” economic speech yesterday was a bust — yeah, they’re going to need us to move away from that ol’ chestnut pretty quickly — so here comes the next big talking point in the...
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Mitt Romney — blog traffic poison?
12 comments or bust. As bloggers, there are few busier times than the middle of a presidential election … unless it’s the very end of a presidential election. We’ll be up all night, trust me, on that...
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Open thread: Mandate-mas II, the Revenge; Update: No life sentence without...
Today’s the day? Last Thursday was a bust, at least as far as the two most anticipated cases before the Supreme Court this term. We’re almost certain to get a ruling on one of them this morning, the...
View ArticleEminent-Domain | Cities Consider Seizing Mortgages
Cities Consider Seizing Mortgages A handful of local officials in California who say the housing bust is a public blight on their cities may invoke their eminent-domain powers to restructure mortgages...
View ArticleUS Poverty on Track to Rise to Highest Since 1960s
“Fritz says she grew up wealthy in the Denver suburb of Highlands Ranch, but fortunes turned after her parents lost a significant amount of money in the housing bust. Stuck in a half-million dollar...
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White House: Hey, we never really removed that bust of Churchill
Mysteries. This won’t get 1/1,000th the media play that Romney’s Olympics comments got in London, but in its own way it’s just as baffling. Why, oh why, would they engage on this subject, wholly...
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WH to Krauthammer: Hey, sorry for calling you a liar about that Churchill...
“I clearly overshot the runway in my post.” Surprising, but when you pick a fight this dumb and meaningless, it’s probably best just to cut your losses and move on. Next up: An apology for the...
View ArticleReport | Assessing the Foreclosure Pilot Program in Miami, Florida
Assessing the Foreclosure Pilot Program in Miami, Florida ABSTRACT In Miami, Florida, the courts were able to effectively manage foreclosure cases until the volume of cases began to escalate with the...
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“Romneyville” protest plan going about as well as you’d expect
Bust It was a sure fire, can’t miss plan, brilliant in every way. (That’s assuming, of course, that you happen be the type inclined to protest wealth, capitalism or the continued practice of...
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Elizabeth Warren or Bust, I’m Drawing the Line
One of the only aspects of the so-called “financial reform” bill that might actually protect American consumers from the banking and financial services industry’s well-known and widely documented...
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