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Hundreds swept up in mortgage fraud arrests
http://news.yahoo.com/s/ap/20080619/ap_on_go_ca_st_pe/mortgage_fraud Hundreds swept up in mortgage fraud arrests By LARA JAKES JORDAN, Associated Press Writer Thu Jun 19, 12:26 PM ET WASHINGTON - More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis. ADVERTISEMENT The FBI put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion. "Mortgage fraud and related securities fraud pose a significant threat to our economy, to the stability of our nation's housing market and to the peace of mind to millions of Americans," Deputy Attorney General Mark Filip said in a statement Thursday.In Hard Times, Lured Into Trade School and Debt
This is long, but interesting. One fast-growing American industry has become a conspicuous beneficiary of the recession: for-profit colleges and trade schools. Career Education Corporation’s culinary schools, many called Le Cordon Bleu, teach skills like ice sculpture.The Disemboweling of America
by Patrick J. Buchanan 03/12/2010 Though Bush 41 and Bush 43 often disagreed, one issue did unite them both with Bill Clinton: protectionism. Globalists all, they rejected any federal measure to protect America's industrial base, economic independence or the wages of U.S.Simon Cowell pays off mortgage of the parents of a cancer-stricken girl
The British music mogul - dubbed ‘Mr Nasty’ for his jibes as a judge on singing contest ‘American Idol’ - wrote US couple Amy and Randy Stoen a check for $162,000 to help them cope with their three-year-old child Madelaine’s illness. Simon, who announced his good deed on Oprah Winfrey’s new show ‘Oprah’s Big Give’ yesterday, said: ”I never knew that doing good could feel so good. ”It doesn’t stop here.March 14 — Celebrating Mother’s Day Across the Pond
Just one day to celebrate how amazing Mum is? It’s hardly enough. The woman who has put her life into celebrating your existence, molding you, guiding you and helping you through every one of life’s trials from first steps to first kisses and all the way to first mortgages deserves much more than a day… the woman deserves a medal!March 14 — Celebrating Mother’s Day Across the Pond
Just one day to celebrate how amazing Mum is? It’s hardly enough. The woman who has put her life into celebrating your existence, molding you, guiding you and helping you through every one of life’s trials from first steps to first kisses and all the way to first mortgages deserves much more than a day… the woman deserves a medal!Clinton Democrats Are To Blame For The Credit Crunch
Clinton Democrats Are To Blame For The Credit Crunch DENNIS SEWELL The Spectator WEDNESDAY, 1ST OCTOBER 2008 Our current financial turmoil is not the fault of greedy bankers. In fact, the banks were bullied into lowering their lending standards by left-wing idealists intent on equal opportunities at any cost ‘Let us be clear: this is a crisis caused on Wall Street,’ insisted Speaker Nancy Pelosi in her consensus-strangling speech on Monday, shortly before her fellow members of the House of Representatives voted to reject the President’s $700 billion bail-out plan. Out on the campaign trail, Barack Obama ventured that the root cause of the trouble in the markets was that ‘too many people in Washington and Wall Street weren’t minding the store’.THE FORECLOSURE FIVE (housing crises)
THE FORECLOSURE FIVE A NATIONAL CRISIS? HARDLY. THE REST OF US ARE PAYING FOR THE IRRESPONSIBILITY OF A FEW STATES By ALAN REYNOLDS (New York Post) February 21, 2009 When President Obama discusses his $275 billion mortgage bailout, he talks as if it was a national problem, caused by a national decline in home prices.Crony Communist or Businessman? ((public))
Published October 10, 2008 by Truthdig.com by David Sirota Is Henry Paulson a crony communist or a businessman? The answer could be the difference between economic disaster and recovery. Understanding Paulson's role in stopping-or fueling-the credit crisis requires a review of two axioms from Economics 101: 1) A credit crisis occurs when banks stop lending and 2) The amount banks can lend is a multiple of the capital in their vaults.House May Tighten 'Cramdown' Measure
PUBLIC POST * I have heard very little about any mortgage adjustment measures. Is it just me, or has there not been much public discussion? The thought that a judge could adjust the principal of a mortgage appalls me.
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