New Orleans Even though many economists are forcefully arguing that we cannot get out of this recession unless we finally realistically and aggressively address the home mortgage and foreclosure crises, President Obama through executive fiat continued down the same path that has been such an abysmal failure thus far. The program the President announced would [...]
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New Orleans Reports from Bloomberg News and the Los Angeles Times are raising the specter of Bank of America filing for bankruptcy for its Countrywide mortgage unit detonating the “nuclear” option to save the parent company and run from the toxic mortgage load bought in 2008. I wonder if this doesn’t finally give another [...] Phoenix From the outside many of these communities in and around Phoenix still look normal and nice as you drive by. It is only when you slow down and look more closely at house after house that you notice even in the desert how many are overgrown with tumbleweed coming in, paint starting to [...] Lafayette More headlines, and more hopelessness seems to emerge around housing policy in the United States as both homeowners and others desperate about the economy desperately read between the lines looking for an answer and only finding more cluelessness, even as some nuggets of the Obama Administration’s failed policies continue to slip out. This time [...] New Orleans There was a startling AP story by Michelle Conlin and Tamara Lush that thudded on my porch a couple of days ago that opened my eyes to another dimension of the foreclosure fiasco that continues to seep the country: the finances of homeowners’ associations. New Orleans Secretary Shaun Donovan and President Obama made yet another HUD announcement of another faux “program” to help foreclosure victims, which once again will not work and plays yet more patty cake with banks and their loan servicers. These charades have become something like a marker of seasons passing as we record yet [...] New Orleans When there is actual truth told about banks and bankers that may not mean anything will change, but at least it’s a good way to start the day. On the way to battle the Sioux warriors used to say, “this is a good day to die!” In the battle for banking accountability, this [...] New Orleans There’s a t-shirt coming: global warming gonna get your mamma! The spate of disasters from Japan to Joplin, Birmingham, Alabama to Springfield, Mass brings all the horror home again. Living in New Orleans and still in recovery from Katrina and weaker and wiser from the experience, I keep an eye on these things, [...] |
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