Chinese Likely To Halt Purchases Of US Treasury Debt
Nervous Times In China
The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how [...]
Does The FHA Owe You A Refund?
FHA MIP
Any one who has paid off an FHA mortgage loan may be entitled to a refund of a portion of the mortgage insurance premium (MIP) that was paid by the borrower upfront when the loan [...]
Obama Approves 8,500 Earmarks While Vowing To Fight Them - What?
Obama Says: Hear What I Say, Don’t Watch What I Do
After campaigning on promises to reform Washington, it was easy to be confused by the Washington Post article - Obama Signs Spending Bill, Vowing To Battle Earmarks. [...]
Greenspan Makes A Fool Of Himself - Again
It Wasn’t My Fault
Alan Greenspan insists on setting the record straight, proclaiming that his ultra easy monetary policies had nothing to do with causing the world financial crisis. This was about as convincing as his past statements [...]
Economists Give Obama Grade Rating of F - An Ugly Ending
The First Test Results Are In
Obama, Geithner Get Low Grades From Economists
U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street [...]
Common Sense Banned In Washington
Words of Wisdom
None of the following quotes would make any sense to the ruling elite in Washington.
1. “You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working [...]
Major Lenders Publish FHA Loan Limit Increases
CitiMortgage, along with other major lenders published their FHA loan limit increases. The higher temporary FHA loan limits were authorized as part of the Economic Stimulus Act of 2008. CitiMortgage will begin accepting FHA loan registrations as [...]
