Here’s Why Obama Won’t Help Foreclosure Victims
The Obama administration’s failure to spend almost any of the $7.6 billion in TARP housing money set aside for the neediest regions of the country seems counter-intuitive.
How the Obama Administration Failed Foreclosed Homeowners
The Obama administration’s indifference to the plight of foreclosed homeowners, and total subservience to the banks, is once again on public display
Struggling Homeowners get Kicked to the Curb
Of the $45.6 billion in Trouble Asset Relief Program funds meant to aid homeowners, the most recent numbers available show that only about $2 billion has actually gone out the door.
Jobless Homeowners to get Big Break
Following dismal results under the $75 billion dollar Making Home Affordable modification program, the Obama administration is set to announce today, a major mortgage initiative to help unemployed homeowners.
With Leverage Gone, Obama Pleads with Banks
President Obama met with a number of America’s biggest banks, including Goldman Sachs, Morgan Stanley, and Citigroup, via teleconference, earlier today, and urged them to lend to small businesses in an effort to speed up the economic recovery.
US Jobless Rate Down to 10%, provides Little Comfort
The unemployment rate edged down to 10 percent in November, and the number of jobs lost in November 2009 was 11,000 said the U.S. Department of Labor, today. In the prior three months, job losses had averaged 135,000 a month.
"