GM will be begin paying back the TARP money in December [1], the company announced [2] this morning. It’s a statement in need of a little context. Basically, GM will be using a portion of its $50 billion in TARP bailout money [3] it received to in turn repay another portion of the TARP loans. […]
Why Authorities Haven’t Stopped the Foreclosure ‘Rescue’ Boom
This story is a collaboration with Steve Henn of American Public Media’s Marketplace [1]. It was co-published with Salon [2]. During the go-go years of the real estate bubble, shady mortgage brokers [3] thrived, thanks to the sluggish response of regulators and law enforcement agencies. Amid the ruins of the crash, there’s a new boom […]
America Mortgage Loan Scams Still Going Strong For First Time Home Buyers, Refinances
For Any And All Constitutional Conserve-ative Americans: For just a glimpse at all the mortgage fraud going on in America which continues to go unaddressed by state and federal officials for political purposes most of all by the Federal Reserve and its member bank branches, take a look at this link at what is being […]
State Politicos Capitalizing On Mortgage Crisis For Career Development
(Reposted After Accidental Deletion While Editing) I read recently that Terry Goddard, Arizona’s current attorney general, has joined a Task Force supposedly to address the scam artists operating in Arizona after Obama’s claimed "rescue" was announced. Below is a copy of a letter I sent to the Arizona legislature as a former 45 year resident […]
Chairman Bernanke Psychic? Predicts U.S. Economy Recovering
In a meeting held in Wyoming recently (not in a major metropolitan city, mind you, for reasons we can only guess), Federal Reserve Bank Chair Ben Bernanke put quite a creative spin on the U.S. economy and his predictions that the economic markets are stablizing from "the worst recession since the Great Depression" beginning its […]
Are Govt. Employees more privileged?
Are Govt. Employees more privileged? By:Maharaj Shah Despite Global Economic slow down and situation near deflation in money circulation Indian Public Service sector and Government officials received a huge pay hike in their salaries. This is completely in contrast to their counterpart in the private sector employment where retrenchment, and wage freeze and […]
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