Deregulation

Ralph Nader and StopTheChamber.com inform Pres. Obama's walk to US Chamber of Commerce

Akin to the futile cycle of bipartisan outreach, citizen and union advocates, natural persons, and others were joined by sometime presidential candidate Ralph Nader in trying to be heard by sometime champion, President Obama, as he walked to the Chamber of Commerce side of Lafayette Park.

TFA

What is the truth? How do people know the truth? From the left, it often includes a lot of frustration and rightfully so. The truth is that we are blaming the wrong people. How do you know the truth. Proof. There was a time when a reporter could not post a story without two valid sources.

Now the truth can often be one person's truth. That is fine. That is free speech. As long as the person is honest, and states that this is his/her truth, it is free speech. But this is not appropriate for any legitimate news organization.

Why do "Free" Markets, cost SO much?

If Free Markets are the supposed Engine of Growth,

Why do they always seem to lead to a "money grab",
a greedy "land rush", with the Tax payer ALWAYS picking up the Bill?

Why do the Rich, always manage to get richer?

While those who "play by the rules", just manage to get "pink slips" and foreclosure notices?

And an endless pile of Bills?

Nick Benton's Corner: Why Obama Pulled His Punches

Posted with permission from Nicholas Benton, owner/editor of the Fall Church News Press

Why Obama Pulled His Punches
by Nicholas Benton

Had Sen. Barack Obama really unloaded on Sen. John McCain in the second presidential debate, as he could have, the outcome of the election would be assured.

It has to be assumed that Obama was cautioned against telling the real truth about the economy, because doing so would send it tail-spinning only faster toward, potentially, another Great Depression.

Obama could have recited, chapter and verse, every major vote by McCain to support deregulation and the economic policies that have created the current meltdown. Instead, he limited it to saying McCain voted for four out of five Bush budgets.

Obama could have unraveled, tagged and explained major components of the incredible bundle of special favors and exceptions that fueled the financial feeding frenzy that spun completely out of control in the last four years.

Freddie Mac hit the Brakes, on the Easy Credit Party

great collection of data, again, by jamess. Originally posted 2008-10-10 13:58:16 -bumped, cho

These guys were perfectly happy to get you into that New Home, "No Matter what it takes," during the hay-days of the Ownership Society.

Hedging their bets -- about exactly WHO owns your Mortgage?

Promoted as jamess provides us with information that all of us need to know more about to help understand our current crisis - standingup

In the Olden Days (B.D. -- Before Deregulation)

1) you want to buy a House

2) you put 10-20% down and got a mortgage loan, after intensive scrutiny of your income and creditworthiness

3) you spend 30-years making monthly Mortgage Payments

4) you take Ownership of your Home, free and clear.

5) IF you fail to make Mortgage Payments, for 3 months or more, a Snidely Whiplash character would show up from the Bank, and promptly put you out on the street.

Fortunately (or unfortunately?) in these 21st century days of Investment Banks and Hedge Funds, riding herd in a "wild west" electronic economy with little to NO Oversight, you may still default on your Mortgage -- yet too often it seems, that No One really knows, exactly WHO owns your House, when you do ...