Washington Now Creating Economic Fantasies

February 24, 2009 by  
Filed under Debt and Credit, Loans and Borrowing

The Obama economic team is so desperate to implement its rescue agenda that it is relying on fantasy and myth about our economy and about the laws limiting its authority. Read more

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File This Foreclosure Story under “Duh”

November 21, 2008 by  
Filed under Loans and Borrowing

It’s becoming increasingly difficult to keep up with all of the “pity the broke people” stories being published in recent weeks.  Almost as soon as I finished yesterday’s commentary on a deceptive sob story headline from the New York Times, I read yet another goofy piece published by CNNMoney.  This article reminds us that foreclosure abatement programs are all the rage but sadly points out that unemployed homeowners with no incomes are not eligible to modify their mortgage loans.  Really?  Can this be true? Read more

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Are Defaulting Homeowners “Victims”?

On my ride into work this morning, a radio host was interviewing the director of the New Jersey animal shelter where the recently famous forty-four pound cat “Prince Chunk” is now living.  When the host inquired as to how the fat cat happened to arrive at the shelter, she was told that the cat’s owner was a victim of foreclosure and had to abandon the monstrous feline. Read more

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