One of the biggest mistakes we can make, Saxo Bank's CEO warns, is to assume that rationality will prevail, that just through superior economic performance, freedom will capture enough peoples' hearts in a democracy to win the day.
The government’s largest effort to compensate victims of the banks’ foreclosure practices is finally sputtering to an end. But for most of those eligible – nearly three million borrowers – it won’t be much of an ending: they’ll be receiving a check for $300 to $500. Payments to Homeowners
Of the $13 billion that JP Morgan will pay to settle mortgage fraud charges, $4 billion will go to distressed homeowners. More specifically, $1.5 billion will go specifically to JPM, Washington Mutual, or Bear Sterns borrowers that are under water — the value of their homes is less than that of their mortgages.
While lawmakers in Washington and Beijing negotiate agreements over commercial and trade issues such as cybersecurity and intellectual property rights, state and local governments and businesses have been embracing trade with China.
Inquiring minds are reading the complete text of President Obama's State of the Union Address to see what distortions, lies, and hypocrisy it contains.
I found a nice Orwellian set of paragraphs smack in the middle of his speech.
And while Government can’t fix the problem on its own, responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief.