Quote:
Originally Posted by Pooka
On the plus side.... Inflation is now about 1% if even that much.
I remember when Reagan bought inflation under control and was hailed by the right as a hero.
What's changed?
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No Social Security COLA bump for the second year in a row!
Bloomberg:
President Barack Obama and the federal agencies that share responsibility for housing finance are opposing calls for a nationwide foreclosure freeze, fearing further damage to the housing market. Even as bank stocks tumbled yesterday on concern that the mishandled loans will increase costs for lenders, the White House and federal regulators avoided any grand gestures designed to reassure investors.
Obama this week endorsed a coordinated investigation by attorneys general from all 50 states into whether lenders used false documents to justify foreclosures. Mounting a response on the federal level is complicated by the fact that
responsibility for overseeing housing finance and foreclosure law is fragmented among U.S., state and local agencies, with no single regulator shaping policy.