Bob Beauprez,Townhall.com The Department of Justice is executing a “Witch Hunt”against banks. Through the DOJ’s Civil Rights Division,Attorney General Eric Holder is forcing banks to “relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination,”according to a published [...] Jamie Coughlin,Medill Reports U.S. home prices declined again in the first quarter of 2011,just another sign the U.S. economy is still ailing. Chicago was one of 12 metro areas that saw housing prices fall to their lowest level during the current housing cycle. The Minneapolis market was down 10 percent from last [...] Ben Johnson,FloydReports.com The media enthused when Barack Obama bloviated during his State of the Union Address,“We need to out-innovate,out-educate,and out-build the rest of the world.” They now enthuse that the president has appointed members to his new Council on Jobs and Competitiveness allegedly designed to cut down inefficient [...] Shahien Nasiripour and Arthur Delaney,The Huffington Post After nine months of dutifully making lowered mortgage payments under the Obama administration’s foreclosure-prevention program,Bea and Terry Garwood of Pinckney,Mich.,are all set to move out. Despite the promise of relief,they are losing to foreclosure the two-story house that has been [...] Ben Johnson,FloydReports.com Coming soon to a neighborhood near you? Proposed new rules from the Obama administration would advance “transgender” rights through a federal fiat that literally changes the definition of the word “family.” Obama’s Department of Housing and Urban Development (HUD) is considering a new federal regulation that would force anyone who receives [...] Floyd and Mary Beth Brown,FloydReports.com On July 2,President Obama declared,“And finally,because of this law,the American people will never again be asked to foot the bill for Wall Street’s mistakes. (Applause.) There will be no more tax-funded bailouts —period. (Applause.) If a large financial institution should ever fail,this reform [...] By ALAN ZIBEL,Associated Press Fannie Mae Headquarters in DC Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing. The mounting price tag for the rescue of Fannie and [...] Barack Obama now says the crisis isn’t so bad. Why can’t he make up his mind. He is acting worse than Jimmy Carter. | |
