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New Program: More Bailout, More Drowning

New Orleans President Obama, Secretary Geithner, and the rest of the hapless pickup crew that flubs around in the housing and foreclosure crises came together to “repurpose” yet more of the TARP money that was set aside for home mortgage modifications that might prevent foreclosures and threw $15 billion of the total at some [...]

Foreclosure Follies

New Orleans Bailouts continue at the rate of bulging billions, but foreclosures for homeowners in US and aboard are still all talk, no cattle.

Center for Responsible Lending put out a notice that 1.7 million homeowners took a banking or what we [...]

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