Mortgages

AYFKM?: Soros Thinks We Need More Stimulus

There aren't very many people I detest more than George Soros (though Mishy does come immediately to mind), and his ability to write op-eds and have them published drives me bananas. His latest hogwash from the Financial Times, for example, writing about how more stimulus is necessary when we are close to $14 Trillion in debt.  Yeah, just keep digging would be Georgie's advice. America needs stimulus not virtue But the crash of 2008 was primarily a failure of the private sector. US (and other) regulators should be faulted for failing to regulate. Without a bail-out, the financial system would…
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AYFKM? Now They Want To Help Homeowners?

On the heels of  Bank of America's new forgiveness program, Bahana C. Obama plans to 'expand foreclosure prevention efforts". Are You Freakin' Kidding Me?  Three years after the beginning of this mess, the Obama administration and the banks want to help?  This is all about protecting a bottom line that would go straight to the bottom of the Mariana Trench if Americans, en masse, just walked away from their underwater homes until the market resets itself.  Double bonus, though, guess who gets to foot the bill for Obama's re-distribution of wealth?  $14 Billion in 'red' money will be used from…
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