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POPS YOU JUST GOT SCREWED and Nobody Will tell you! URGENT!! Made the Digg front page in less than 3 hrs. Thank goodness some people still care what is happening in this country! Meanwhile, last year, Freddie Mac paid chairman and CEO Richard Syron nearly $19.8 million in compensation, Fannie Mae pres. and CEO Daniel Mudd recieved $12.2 million, including a $2.2 million bonus!
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POPSVA-Loan.com - #1 Loan for military home buyers VA Loans are the #1 loan for military home buyers. VA-Loan.com provides information and assistance with VA Loans. Get help with VA Certificate, find BAH rates for your military base, or apply for a VA Loan. Active duty, Retired, Guard and Reserve personnel can take advantage of their VA benefits and purchase homes with “0” money down. It’s easy to qualify for a VA home loan because credit scores are not considered..
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POPSSchawarzenegger Threatens to Pay State Workers Minimum Wage It's amazing how cavalier rich people in power can be about the wages of working people. Load mountains of federal debt to fund tax cuts for the rich and enrich Big Oil in Iraq or, in this case, slash their wages only to score a political point. It amounts the same callous indifference about the needs of the average working person and family. It's no comfort that they will receive their full pay later on. Can they pay their creditors without penalty under the same arrangement? We all know the answer to that one, don't we.
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POPSOur Culture Of Debt "We absorb a way of perceiving the world from parents and neighbors. We mimic the behavior around us. Only at the end of the process is there self-conscious oversight. America once had a culture of thrift. But over the past decades, that unspoken code has been silently eroded."
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POPSThis Day in History-July 21 'Infamous Monkey Trial' "To show up fundamentalism,""to prevent bigots and ignoramuses from controlling the educational system of the United States." said Darrow. So what has changed after 80 years of intellectual backwardness?! Would this case be out of place in Bush's America - in the land of the 'free and home of the brave', mired in debt and death of its own making? Where now is the shinning beacon of liberty? What country has made 'democracy' a dirty word. What county elects an AWOL drunk as commander-in-chief, TWICE? Where is the KKK a white sheet away from power and the noose? What country is still loved even by it pseudo enemies?
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POPSYou Owe $455,000 * “People seem to think the government has money,” said former U.S. Comptroller General David Walker. “The government doesn’t have any money“ * The United States Department of the Treasury and the Office of Management and Budget published a report stating that the U.S. cannot grow our way out of the government’s liabilities, that the liabilities are quickly growing, and that failing to take drastic and immediate action would lead to very bad consequences (the report was written in 2006) * The International Monetary Fund - which oversees third-world economies - are so concerned about the solvency of the U.S. economy that they are conducting a complete audit of the whole US financial system If you owed $455,000, you might very well have to file for bankruptcy, unless you had some rich uncle who could bail you out. But if your uncle had bailed you out numerous times in the past and if you had consistently broke your promises to re-pay him - he’d probably cut you off
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POPSPersonal Finance Ease your personal finance needs, bad personal loans and manage your finanmces more efficiently with 1personalfinance.com.
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POPSCCJ loans – Get Rid Of Bad Credit Now! A CCJ loan is going to be costly. If you are a homeowner, then you stand a greater chance of securing a loan. This is mainly due to the fact that they can use their home to secure the loan.CCJ loans to those suffering from few or multiple problems like late payments, arrears, payment defaults, CCJs etc.
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POPSWhy Am I Being Punished for Being Responsible
I understand there's a crisis in the financial sector, and we can't let financial institutions go under due to poor decisions around mortgages. But when I read about legislation that will put borrowers who took out exotic mortgages on houses they couldn't afford, into more affordable loans with a reduced principle, it makes me mad. I was responsible when I got my mortgage. I did my homework, got into a fixed loan on a house I knew I could afford. Could I have done an ARM and gotten a bigger house - sure, but I was responsible and only got into what I could afford. Now, people who weren't responsible are having their mortgages reduced and their rates permanently lowered. Why isn't this available to me? If this is the plan, I say require people to pay back the reduction in principal and interest from any money they make when they sell their house. Otherwise you're just reinforcing bad behavior knowing the gov will save you if you make a stupid decision.
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POPSChina and Fannie Mae China has already been burned badly with its Blackstone and Morgan Stanley investments. But with the Big Macs and Maes, it's still the same old problem, the Chinese loaned them money which they can't pay back, however, much both sides want pretend that one day they can.
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POPSThe Future of Fannie and Freddie Fannie and Freddie are too big to fail; they own or back nearly half of the nation’s $12 trillion in mortgage debt. In the wake of the housing bust, they are also about the only source of money still available for mortgage lenders. If they do not keep functioning more or less smoothly, the housing downturn will be deeper and longer than it would otherwise be. Housing prices would steepen further, creating more defaults, less consumer spending and lower tax revenues.
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POPSCongress Should Be Winding Fannie and Freddie Down receivership and restructure them. This could take place without Congress having to pass a resolution explicitly guaranteeing all $5 trillion of the GSEs’ liabilities. That dreaded scenario would double the size of the public debt and drive the dollar to new lows. This episode demonstrates how stupid and dangerous it is to allow any company to operate under the assumption that it keeps the profits while the taxpayers take the losses. For now, the U.S. has to make clear that it is standing behind Fannie and Freddie and will not allow them to fail. But to prevent an even worse catastrophe in the future, Fannie and Freddie should be broken up or dramatically downsized. It may sound strange for conservatives to back a government takeover of any company, but a takeover aimed at restructuring, downsizing, and eventually reprivatizating the GSEs might be the least bad option if a run on them actually materializes.
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POPSGeorge Bush's Socialist Solution to Fannie & Freddie It's a good thing Bush is a Republican. Otherwise his federal bailout would qualify him as a "red." Like Regan with the savings and loan crisis, lurking in the hearts of "conservatives" is a quasi Bolshevik to rescue them once they've wrecked the economy through permitting rapacious profit-taking and inadequate regulation.
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