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    "Efficient market theory dominated economic thinking from the days of Ronald Reagan to the collapse of 2008. It was the rationale for deregulation, the cause of a massive transfer of wealth and income from the middle class to a tiny number of the very rich. Now it is dead and gone but Republican politicians won’t let go, and many in the media show no understanding of the issue."
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Entries Tagged as 'Housing Crisis'

So The Housing Crisis Is The Homeowners Fault?

January 13th, 2009 · No Comments · News Media

If you were a home mortgage lending company, how much would you loan on the house pictured here; $5,000, $10,000, $25,000? The house had a sign on it that read “Unfit for human occupancy”.

[Read more →]

Tags: Banks & Bank Failures·Big Business·Financial Crisis·Greed & Corruption·Housing Crisis·News Media

Another Opinion On Reason For Housing Melt Down

April 30th, 2008 · Comments Off · Economy

April 30, 2008
The Facts
Mike Jackson, CEO of AutoNation, is a guest on CNBC’s Squawk Box this week. In a segment called the Root of All Evil discussing who should be blamed for the housing crisis, Jackson gave his opinion. He said it was a “reckless abandonment of credit standards by the housing industry”. He went [...]

[Read more →]

Tags: Economy·Housing Crisis

George Bush Opposes Helping Homeowners

April 27th, 2008 · 1 Comment · The President

April 27, 2008
The Facts
House Financial Services Committee Chairman Barney Frank has introduced a bill that is intended to help certain homeowners who qualify to stay in their homes. The loans would be funneled through the FHA, but would not be a give-away program. The following is a quote published by CNN. “Only homeowners who have [...]

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Tags: Economy·George W. Bush·Housing Crisis

Home Foreclosures A Gold Mine

April 15th, 2008 · No Comments · Economy

April 15, 2008
The Facts
Home mortgage lenders have gotten a free ride compared to the borrowers when it comes to who is to blame for the current mortgage crisis. There is no question that the borrowers have a big responsibility here, but as time goes by, more and more information is coming out about how the [...]

[Read more →]

Tags: Greed & Corruption·Housing Crisis

Glen Beck On Home Owner Bailout

March 7th, 2008 · No Comments · News Media

March 7, 2008 
The Facts 
At the top of the Glen Beck show last night he was talking with a guest when Beck made a sarcastic remark about bailing out the home owners who got caught up in the unaffordable variable interest rate mortgage.  

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[Read more →]

Tags: CNN·Housing Crisis·News Media

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