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Govt. meddling in housing finance now worse than ever

foreclosure

Congress has not learned its lesson about interfering in what should be primarily a private sector industry and has doubled down in its wager, with your tax dollars, of course By Richard W. Black Double down is a term in Blackjack where a player splits a pair in order to receive an extra card. There is greater risk of loss but the player stands to gain more from a win. The term is also used to describe when a gambler on a losing streak doubles their bets on the assumption that the odds are that the cards will turn in their favor. ...

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The Consumer Financial Protection Bureau is already hurting consumers – and taxpayers

CFPB

The Consumer Financial Protection Bureau is, like so many Obama-era government creations, inappropriately named, for it is doing little to protect consumers even as it fleeces taxpayers and their banking institutions Most Americans have never heard of it, but the Consumer Financial Protection Bureau is yet another federal agency that was born out of massive legislation, in this case the so-called “Dodd-Frank” financial reform measure of 2010 (neither of these characters, Chris Dodd or Barney Frank, are in Congress any longer, by the way). According to the its web site, the role of the CFPB “is to make markets for ...

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Fed chief Yellen’s resistance to an audit leaves you thinking she’s got something to hide

paul_yellen

Sen. Rand Paul’s ‘Audit the Fed’ bill has many detractors – most of them with the Federal Reserve – but the fact is, the central bank’s monetary policies have done little to help working-class Americans and a lot to raise the stock prices of big banks  They say you can tell who your enemies are in Washington by who is attacking you. That’s a little more difficult for a guy like Sen. Rand Paul, R-Ky., because it seems like everyone wants a piece of him, no matter what he says and no matter which position he takes. That’s because he is ...

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Big Government policies responsible for declining wages

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Big government advocates are loathe to admit it, but their policies are hurting wages in the very industries they were supposed to improve Conservatives have long argued against Big Government for a variety of reasons, especially because bigger, more centralized government is the enemy of liberty. But it is also the destroyer of dreams, as new evidence suggests that two of the most recent left-wing-inspired government policy initiatives – Obamacare and the Frank-Dodd financial “reform” measure – are actually costing Americans more in terms of declining wages, and all at a time when President Obama swears that this time, he’s really serious about “helping ...

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The NEXT housing bubble is on the way and, like before, it is government’s fault

foreclosure

A former member of the Financial Crisis Inquiry Commission says the Obama administration is adopting some of the same government housing policies that led to the crash of 2008 and the Great Recession  By Jon E. Dougherty A former member of a panel created to examine the causes of the financial crisis of 2007 says government policies that were really at the core of the crash are being quietly resurrected by the Obama administration, and that they are creating another housing bubble similar to the one that burst more than eight years ago. Appearing Friday on The Mark Levin Show, Peter Wallison, author of the new book ...

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So how about that economy

how about that economy

Now that the midterm elections are a thing of the past, I thought it would be time to start discussing things that must be considered if the United States is actually going to recover from the woes of the recession. We have listened to the electioneering for the last six months that talked mostly about the second amendment, and immigration. Both of which are very important to me and the rest of the Nation I think. We have listened and discussed the future or the lack of future for the Affordable Care Act that was President Obama’s great gift to ...

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The Obama regime is setting the country up for another subprime loan catastrophe

foreclosure

The Obama regime plans to provide more electricity to the still-lackadaisical housing industry by torquing home lending rules that will once again make it easer for banks to make loans to marginal buyers That, you may recall, was precisely the recipe that led to the collapse of the housing industry at the end of the Bush administration; too many unqualified buyers who could not make mortgage payments because they never had the means to do so The government’s subprime lending debacle that came to a head in the form of the Great Recession in 2007 is about to be repeated, thanks to a ...

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