Police in Taunton, Mass., report today that Carlene Balderrama, 53 shot herself to death Tuesday afternoon -- 90 minutes before her foreclosed home was scheduled to be sold at auction.
Two fuses were lit this past week that could eventually explode later in John McCain's campaign -- a housing-banking crisis and the senator's penchant for falsehoods that gives new meaning to Bush III.
Anyone who follows Obama's record in the State Senate understands his background -- where his vote against a rent control ban in Illinois was just one example.
I was extremely confused by Bush's rosy economic speech. Here my local bank, IndyMac, is collapsing, with distraught customers waiting in line for hours last week to get their money.
The funny thing is, while homes get bigger, and this McMansion trend swallows up neighborhoods and landmarks, families are actually getting smaller.
It is bad enough that homeownership rates for blacks and Latinos are close the 30 percentage points below that of whites, but the housing crisis affecting cities is threatening the vitality of neighborhoods.
If the guarantees work, private speculators, having driven the stock down, will clean up on the upside. And the bank's CEOs will continue to pocket the multi-million dollar salaries. Call it Wall Street socialism.
I know if I was in this situation I would want to know all the facts before walking away and living in coulda, shoulda, woulda land.
A million families face foreclosure this year and many are trying to do something before their lives go on the auction block. The statistics are hard to wrap your head around; a parade of real people can't be ignored.
This week thousands of homeowners lined sixtieth street, 3 blocks from the White House, waiting for help to lower their mortgage rates.
For decades, conservatives have vilified the word regulation. This has brought us corporate slavery approved by the U.S. government and panic lines of depositors outside banks.
Think of it: a beautiful home with no mortgage that's environmentally-responsible with almost no heating and cooling costs due to fantastic insulation.
Who knew that when Bryan Burrough fingered CNBC for helping kill off Bear Stearns Cos., he was starting a minitrend?
For a country that purports to pride itself on personal freedom and responsibility, we certainly aren't willing to accept much of the downside.
The current crisis is the predictable (and predicted) result of a massive U.S. housing bubble, which itself can be traced in part to global economic imbalances that could have been prevented.
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This bill would have been perfect 2 years ago. Now it is just to little to late.
The Government just stepped in front of a freight train called deflation and it is going to be ugly.
Everybody needs to remember this. Throw the idiots out of office.......really..They can all be replaced.
Let them know. I'm working on Pearce in New Mexico. God, what an idiot.
Homeowner rescue? What a load. It's really about saving the asses of the wealthy who own the loans and are profiting from exorbitant interest rates. Once again, Bush supports welfare for the wealthy, socialism for the top 1%.
Don't forget this bill passed through a Democratic Congress. In fact, it was opposed by Republicans (excluding Bush.)
also in the bill -- every credit card transaction reported to the irs
http://www.govtrack.us/congress/vote.xpd?vote=s2008-186
Here's how your Senators voted on this bill.
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