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Tag Archives: crisis
ACORN Saves Homes While Feds Flounder
Oakland “Miracle” Shows Better Path Than “Hope For Homeowners’” Utter Failure OAKLAND, Calif. – At 6:00 in the morning on Wednesday, February 4, more than 30 members of ACORN gathered at the home of Eddie and Martha Daniels in West Oakland, armed with prayers, cell phones, and the hope that Wednesday would not be a [...]
Federal Reserve’s Position on the Housing Crisis
by AllRealEstate.com The Federal Reserve continues to offer plans for owners of distressed real estate. “The goal of the policy is to avoid preventable foreclosures on residential mortgage assets that are held, owned or controlled by a Federal Reserve Bank,” Fed Chairman Ben Bernanke wrote in a letter Tuesday to Rep. Barney Frank, D-Mass., chairman [...]
Insight: US may face a ‘lost decade’
Financial Times By Stephen Roach Published: January 13 2009 17:08 | Last updated: January 13 2009 17:08 No one in their right mind thinks the United States could fall victim to a Japanese-like lost decade. After all, the argument goes, US policymakers have the advantage of knowing what their counterparts in Japan did wrong. If [...]
Another Great Depression?