On Wisconsin to use part of settlement for budget
Posted on February 11 at 10:24 a.m. ( Suggest removal )
Missouri has also stated they will use some of the settlement to help balance their budget even though the Attorney General of Washington state,McKenna, who was in the negotiations, has said the money cannot be used to do that.
On Wisconsin to use part of settlement for budget
Posted on February 10 at 2:36 p.m. ( Suggest removal )
The Attorney General of the state of Washington, one of seven AG`s who negotiated the settlement, said states cannot use the money to help balance budgets under terms of the settlement. It will be interesting to see what rationale is used in Wisconsin to circumvent those terms.
Posted on February 2 at 8:41 p.m. ( Suggest removal )
Supply was up in 2011, petroleum exports up, and demand down. The most oil and gas rigs operating in the last three years. Crude oil imports dropped 3.4% for the year, production up 2.5% in US, highest production in eight years for December.
On Obama to Republicans: Game on
Posted on January 26 at 5:17 p.m. ( Suggest removal )
Even if the new charges leveled by the SEC against Fannie/Freddie are true, they only held around 5% of all subprime mortgages when the bottom fell out of the market. They had lost almost 40% of their market share when the subprime buying boom took off, and they were late to the table and got scraps.
On Obama to Republicans: Game on
Posted on January 26 at 4:04 p.m. ( Suggest removal )
Center for Community Capital, University of North Carolina.
CRA Did Not Cause Foreclosure Crisis, "The claim that the CRA led to the foreclosure crisis is a falsehood that persists despite irrefutable evidence to the contrary and repeated attempts to correct the misperception".
Percentage of home mortgage debt held by CRA regulated institutions was 74% in 1977, 33% in 1995, and 26% in 2008. Between 2004 and 2006, when subprime lending exploded, CRA regulated institutions made 5.9% of all so called subprime loans that were made.
I guess that makes those who still believe that the CRA was a major culprit "idealogues" as the article says.
On Obama to Republicans: Game on
Posted on January 26 at 3:01 p.m. ( Suggest removal )
"No Evidence That Government Housing Policy Caused The Crisis", 8/24/11, CBSmoneywatch.
"This won`t put the myth to rest once and for all, some people will continue to make this claim despite the evidence to the contrary. But, for those who base their opinions on data rather than what their ideology tells them must be true, the evidence from a variety of studies is very clear. It wasn`t the CRA, and it wasn`t Fannie and Freddie."
The article was centered around a study from Federal Reserve Board entitled, "The Subprime Crisis: Is Government Housing Policy To Blame?", by Robert B. Avery and Kenneth P. Brevoort.
"We find little evidence that either CRA or GSE goals played a significant role in the subprime crisis."
"Our lender tests indicate that areas disproportionately served by lenders covered by the CRA experienced lower delinquency rates and less risky lending."
No law ever forced any lender to knowingly make a "bad" loan to any borrower. They were still using regulated lenders, unlike the private mortgage companies.
On Obama's health overhaul lags in many states
Posted on January 24 at 4:54 p.m. ( Suggest removal )
SS will not "run out of money", neither will Medicare. If nothing is changed in those programs they will still be paying benefits, albeit lower, 75 years from now. As long as people are taxed for those programs, they cannot run out of money, just be forced to pay less in benefits.
On Groups file signatures to recall Gov. Walker
Posted on January 24 at 6:14 a.m. ( Suggest removal )
The waivers are for a delay until 2018 to negotiate changes in health care contracts that are considered to have "Cadillac benefits", that would be taxed, or because of health care coverages that are too low to meet the new standards, those waivers run until 2014. Congress did not get an automatic waiver under either scenario. Try again.
On Groups file signatures to recall Gov. Walker
Posted on January 23 at 10:28 a.m. ( Suggest removal )
Congress is required to get their insurance from the health exchanges that start in 2014. There is no need for a waiver since there are no exchanges. No one else is required to get their insurance from the non-existant exchanges either. That does not make them exempt from anything. Congressional, Federal health insurers are required to follow the same laws under the new health law as every other insurer, pre-existing conditions, covering kids to 26, etc.
Page 1 of 124 | Next
On Citizens without IDs are caught in ‘Catch 22’
Posted on February 11 at 10:30 a.m. ( Suggest removal )
It will be interesting to see how much lower voter turnout totals really are after the dead and non-resident votes are not there. Felons with ID will still be able to vote until an updated "felons not allowed to vote" list is ever provided to every elections polling place.