New Orleans It is hard for me to believe that the Obama Administration will not finally address relief for the millions of homeowners facing foreclosure and are underwater across the country. The slightly improving market for housing should help trigger some change, though many banks will no doubt continue kicking and dragging. The relief …
Tag: housing crisis
How Can We Afford a Lame Duck Treasury Secretary?
New Orleans Yes, I understand the politics and for reasons that are easy to guess but terrible to live through, President Obama at this late date can’t push his disastrous failure of a Treasury Secretary Tim Geithner to the curb despite the fact that he is owned from head to toe by Wall Street, wears …
Foreclosures for Seniors
New Orleans The AARP has issued an invaluable and depressing study meticulously collected from mortgage loan data in the available years since the housing crisis went full blown in 2007. The information seems radically different from the spinning popular mythology and the profile of the foreclosure victims among the chattering classes (including British bank regulator …