Posts Tagged “Government Money”

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You read it here first:Comment by Delaware Republican on 13 October 2009 at 9:26 am:You are right to point out the bad actions of many banks. They have gone from too big to fail and now they are too big to regulate.Sad to say they got a lot of money on a failure model. The hopes would be people would fail to pay credit cards on time, fail to pay mortgages because they covered their bets with financial instruments and all in all got great government money (1%) and loan it out sparingly.Mike Prota

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News Sources wrote an interesting post today on
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Author : Lindsy Emery As part of its national economic stimulus package, the Obama administration has not only included help for those with mortgages to get lower mortgage rates but has also chosen to put billions of dollars worth of government grants to use for the specific purpose of relieving household debt Unlike other methods of eliminating personal debt like filing for bankruptcy or obtaining a consolidation loan, if the government grant money is used to pay off debt, you don’t have to p

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Rich Uncle Pays Your Mortgage by Llewellyn H. Rockwell, Jr. LewRockwell.com The economic meltdown has put the country on the fast track to socialism, but through a series of tiny steps. One need only to examine the supposed victories in the war on depression to see how this is happening. The latest is the claim that the Obama administration has successfully renegotiated many mortgage obligations in a way that allows people to keep their homes. Before looking at the program, we have

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News Sources wrote an interesting post today on
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Congressman Barney Frank wants to prevent unemployed homeowners from losing their houses by giving them government money to pay their mortgages.

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News Sources wrote an interesting post today on
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As the Treasury Department continues to hammer out the details of its plan to buy toxic assets from troubled banks, some on Wall Street are questioning the government’s entire strategy in combating the financial crisis, saying that it has just delayed the inevitable.One of these critics is Daniel Alpert, the managing partner of Westwood Capital, who argued in a note to clients Wednesday morning that the government money and new equity being thrown at the banks have caused them to put off revalui

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