It’s a pretty slow news day today, what with most people still taking time off for the new year. So I thought this would be a good time to throw a bunch of smaller stories together into one post. First off, let’s hit a topic that has been on a lot of people’s minds lately:…
Tag: government_meddling
Highlights of the FHFA Streamlined Modification Program
Here are the basics of the latest mortgage bailout initiative from Fannie Mae and Freddie Mac that was announced today by the Federal Housing Finance Agency. To qualify, borrowers must: Have a loan owned or guaranteed by Fannie or Freddie. Owe 90% or more than the home is worth. Be 90 days or more behind…
Congress to the Rescue
Poll: How long before Congress is asked to pass another bailout?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 10.11.2008.
Party Like It’s 1929: Bailout Passes House
It’s official: Congress is not interested in addressing the underlying issues that caused this mess. Instead, they would rather pour trillions of dollars we don’t have into a doomed attempt to maintain the broken status quo. I predict we’ll be repeating this whole routine in less than six months with a new bailout, after these…