Phoenix OK, let me try and get this straight. Fannie Mae (with its housing finance partner Freddie Mac) is already bailed out to the level of about 200+ billion with some estimates that the final federal bailout bill will hit almost $400 billion, right? Most of that is a transfer of their bailout money over …
Month: June 2010
Foreclosures Yes, Modifications No
Phoenix The government has a website that publishes the miserable statistics and farcical jokes behind the foreclosure modification programs which is called Making Housing Affordable. Some government wag must have seen the billboard we drove past in Phoenix yesterday advertising new houses with the line: selling at “foreclosure prices.” I guess their idea of a …
Pols Pimping for Sodexho
Phoenix I’m not shocked, just disgusted. A couple of days ago the story came out that the giant, French-based minimal wage, international labor contractor, Sodexho, had hired on Dick Gephardt, who in another life was a lion for labor as the one-time minority leader for the Democratic Party in the House of Representatives, who often …