The U.S. is in a very scary position right now… We have a real chance of defaulting on our debt. The government is still arguing over what to do about the debt ceiling, and if they can’t find a solution we’re looking at an economic meltdown. The rating agencies are starting to catch on. Moody’s […]
PRESIDENT OBAMA REMARKS ON FISCAL POLICY: MUST READ: PLEASE
Remarks by the President on Fiscal Policy George Washington University Washington, D.C. 1:48 P.M. EDT THE PRESIDENT: Thank you very much. (Applause.) Please have a seat. Please have a seat, everyone. It is wonderful to be back at GW. I want you to know that one of the reasons that I worked so hard with […]
Loan Mod Backlogs Continue Despite Servicers’ Pledges to Improve
by Paul Kiel, ProPublica Two months ago, representatives of banks and other mortgage servicers participating in the administration’s mortgage modification program visited the Treasury Department and made a commitment: they would dramatically reduce the number of homeowners stuck in trial modifications by the end of June. That hasn’t happened. New data released today shows that […]
Financial Reform Amendment Would Address Loan Mod Problems with ‘Homeowner Advocate’
An amendment to the financial reform bill filed yesterday by Sen. Al Franken, D-Minn., and Sen. Olympia Snowe, R-Maine, would create a special office to assist homeowners who are facing problems with the administration’s mortgage modification program. The measure has White House support [1], but is opposed by the financial services industry. As we’ve reported, […]
We Are The World, Part II
reprint from www.backupamerica.org As the mainstream media and Hollywood musicians gear up for another fundraiser for the relief efforts in Haiti with the release now of a recycled "We Are The World" video that was featured during the opening ceremony of the Olympics, there are some that have been heavily involved in questioning once again […]
States Announce Increases In College Tuition Rates
Incredible though it may seem, even after the massive amounts of "stimulus" monies that were supposedly earmarked for higher education at state and public universities throughout the nation, a great many are now announcing that they will be raising the costs of tuition (which was one of those "hooks" designed to manipulate the public pulse […]
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