Homeowners re-defaulting after getting aid

Reuters Reports Homeowners re-defaulting after getting aid. Let me hold back my shock. So, over half of the people that got houses and loans they could not afford, refinanced with their banks (with our money to pay the difference) have defaulted again? I find it interesting that some are surprised by this. And some areContinue reading “Homeowners re-defaulting after getting aid”

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Can someone educate me on just when it is communism?

In a call to Maryland Rep. Elijah Cummings on Tuesday, for example. Obama spoke of how President Obama could revisit bankruptcy laws to give judges more leeway to restructure residential mortgage payments when threatened with foreclosure. Obama didn’t need to lay out a quid pro quo because the message was clear. And Cummings, a noContinue reading “Can someone educate me on just when it is communism?”