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.
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.
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.
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.
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.
Who knew that when Bryan Burrough fingered CNBC for helping kill off Bear Stearns Cos., he was starting a minitrend?
Think of it: a beautiful home with no mortgage that's environmentally-responsible with almost no heating and cooling costs due to fantastic insulation.
I understand the pressures with the collapse of FNM and FRE, but those stocks have to sink or swim on their own. Stabilizing the multi-trillion debt market behind those companies can be done without bailing out the stockholders.
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.
For a country that purports to pride itself on personal freedom and responsibility, we certainly aren't willing to accept much of the downside.
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Good bill for borrowers facing foreclosure; BAD bill, if it bails out "FREDDIE" and "FANNIE" MACS and MAES!
FANNIES MAE AND FREDDIE MAC NEVER ASK FOR THESE LOANS THE GOVENMENT FORCED THE LOANS ON THEM TO BAILOUT INVESTORS!!!!!!!!!
THE GOVERNMENT WILL NOT ALLOWED FANNIE MAE AND FREDDIE MAC TO PERSUE FRAUD CHARGES EITHER!!!
THE FBI MUST INVESTIAGTE THEM!!!!!!
STRANGE THE FBI REFUSES TO GO AFTER ANYONE BUT THE HOMEOWNERS AND NOT THE INVESTORS WHO HELD 90% OF THE LOANS.
it is bad for everyone.......it allows debtors to stay in too deep.....does not allow housing costs to reset......does not allow foreclosed property buying opportunities ......cost too much to the tax payers
Fannie & Freddie are arms of the government, something you probably didn't know. They were started by government and have always had the financial backing of the government.
Hmm. I have a concern here. The "additional" benefit to non-itemizers is limited to actual expenses. So then, why not itemize? Have they thrown us a sucker punch here and limited the deduction itemizers can take on mortgage interest now?
TO: Both Houses of Congress Congress Approves Housing Rescue Bill July 25, 2008
If we help other bad people who mishandled their mortgage loans, then it follows we should help other people who you may think are bad. I don't believe all poor are bad for even in Bible it says that,"The rich are wise in their own eys, but the intelligent poor sees through him." I quit evil jobs and found no one to help me with money for job faxes, EDD moved way out to Army street, and restrooms in Sfc make you pay to use restrooms, can't leave job resumes at companies, etc., There was obviously nothing in this for me since no one has addressed the problems and it has cost me money to pay into Social Security, etc. Still no one has helped me. In Bible it says in Isaiah I redress wrongs. Constitution too. This means too that I could not continue to give to the James Robison Christian org to help starving children in Africa. Let's choose a leader who decently cares for children and all peoples.
Proverbs 29:14 A King Keeps His Throne Forever If He Cares for the Rights of the Poor."
Eva Hart A Christian In Army from 62-70 670 Eddy St. Sfc 94109 Rec job Sec of Def 64
TO: Both Houses of Congress Congress Approves of Housing Rescue Bill July 25, 2008
Let me clarify and make clear a mistake I made in above post today. It is business companies make you pay to use restrooms.
Eva Hart A Christian In Army from 62-70
TO: Both Houses of Congress Congress Approves Housing Rescue Bill July 25, 2008
Well, here is some new information reference my posts in other Housing Rescue Bill from yesterday.
Sadly, we need to be consistent with people.
From The National Coalition for the Homeless nationalhomeless.org in Dream Denied it states,"One has Food Rights for there is also a International Human Rights between nations as 20 other nations have estabished Food Rights,sleeping outdoors rights when shelters full and violates Cruel and Unusual Punishment in Constitution. People can panhandle since this is violation of First Amendment in Constitution of Freedom of Speech when restrict person to much. All this just plain decent as well.
In Atlanta,Ga Katrina victim was arrested even though proved he was a Katrina evacuee. And City Council have banned supportive housing inside city limits and still cruelly prevented panhandling with the Katrina catastrophe. In Pittsburgh,Pa a poor person cannot panhandle around outside cafes,nor 25 feet from a religous assembly, nor 10 feet from bus stop or food vendor.
Sirach 4 Catholic verse states,"Despise not a beggar for if in his soul he curse you the Lord will hear his prayer."
Proverbs 29:14 A King Keeps His Throne Forever If He Cares for the Rights of the Poor.
Eva Hart A Christian In Army 62-70 670 Eddy St. Sfc 94109 Rec job Sec of Def 64
This is what Congress needs to get their approval up as election nears, more handouts.