Mr. West is Obama’s secretmortgage reform brain trust, originator of such great ideasas “Imma let you finish, butwhere’s my Hennessey at?” ‘Puter happened to be wandering aimlessly around the New York Times website when this article on President Obama’s forthcoming … Continue reading →
The housing market has now entered the feared “double dip,” after rebounding slightly in the past few quarters. Liberal pundits and media are furiously spinning the seemingly unending stream of bad economic indicators as “unexpected.” Heck, Glenn Reynolds at Instapundit … Continue reading →
The New York Times editorial board strikes another blow for market ignorance today in this editorial. Its premise is that in order to save the housing market, we have to destroy it. Sadly, this is an all too common attitude … Continue reading →
Either way, we’ve got a lot of rubble to climb out from under. Click to embiggen, of course. Via Greg Ransom. Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →Checked your homeowner’s insurance lately? A lot of people pay off their mortgage with property taxes and homeowner’s insurance rolled into a lump sum (“escrow”). Each month, they either write a check or use an auto-deduction to pay that off. … Continue reading →
The Fed has rolled out new regulations today to save consumers from evil, bad, naughty mortgages and home equity loans. Interestingly, the Hon. Richard Posner, Seventh Circuit Court of Appeals judge by day, U. Chicago law school lecturer by night, … Continue reading →
Many of the foreclosees recently have bemoaned the fact that the evil bank “is taking my house.” Let’s examine that statement for a moment. Legally, if your name’s on the deed the house is yours. But if there’s a sizable … Continue reading →
Says the Telegraph—jaw-droppingly. Read every paragraph: Sources close to the White House say Mr Obama and his staff have been “overwhelmed” by the economic meltdown and have voiced concerns that the new president is not getting enough rest. British officials, … Continue reading →
…echoes the Volgi. Flattering for the Volgi, bad for America. “…The markets’ recent precipitous decline is a reaction not just to the absence of any plausible bank rescue plan, but also to the suspicion that Obama sees the continuing financial … Continue reading →
Memo to America’s Irresponsible Tea Party Whiners: STFU But through all of it, some of us persevered. We made the hard economic choices. We fought off eviction by keeping Linda Mustaine juiced up with mai tais at Applebee’s happy hour. … Continue reading →
So everyone (on the right, at least) keeps noting that Obama’s “stimulus” package is nothing like an actual stimulus package and won’t help the economy. It’s just the an enormous spending and social-engineering package, the agglomeration of Democrat wish-lists of … Continue reading →
‘Puter prefaces his remarks on the Amazing Technicolor Bailout Package/Auto Company Bailout/Mortgagor Bailout with the caveat that he has no greater insight than most on what will or will not work. ‘Puter’s different from most, though, as he admits he … Continue reading →
