Well, knock me over with a feather:
The government is establishing new rules for mortgages that will make it harder for some borrowers to qualify but that are designed to prevent the kind of risky lending that nearly caused the housing market to collapse during the financial crisis.
The Consumer Financial Protection Bureau on Thursday will roll out the first of several far-reaching changes to the nation’s mortgage market, limiting upfront fees and curtailing
Ugh. Do I have to write about this again? Apparently.
Let’s be clear. Hitting the debt ceiling is a seriously stupid idea. The debt ceiling was never intended to be a debt control measure. It does not, in fact, limit the amount of debt we can run up, only the amount we can pay to creditors for things we’ve already authorized. Here’s Ezra Klein on what will happen if we crash the debt ceiling.
The
A long time ago, the Simpsons did an episode about Congress creating a trillion dollar bill to rebuild Europe after World War II. Apparently, a few pundits and at least one Congressman think that was a documentary:
Rep. Jerrold Nadler has an admittedly “out of the ordinary” solution to the coming fight over the debt ceiling.
“There is specific statutory authority that says that the Federal Reserve can mint any non-gold or -silver coin
I am sure that if Mittens had won the election, the headline U.S. retailers scramble after lackluster holiday sales, as well as the content of the post, would be decrying how horrible our economy is, and with the fiscal cliff now all but a given, t DNC propagandists in the LSM would be telling us that the end was here.
(Reuters) – The 2012 holiday season may have been the worst for retailers
The U.S. Treasury’s sale of its remaining stake in American International Group Inc (AIG.N) will leave taxpayers with a profit of nearly $23 billion – more than the next three most successful bailouts combined.
The government’s profit on the deal is a turnabout from what was one of the most reviled bailouts of the financial crisis.
The 2008 rescue later spurred a senator to suggest top executives at the insurer consider suicide. The
I now believe that we are going to go over the fiscal cliff, not because a deal can’t be reached, but because democrats now believe they have far more to gain from not getting a deal and having the cuts go live. You think I am crazy for thinking they feel this way? Well, hear me out, then think about it.
First off, the democrats know that no matter who junks this deal, they can … Read more
The shell game has begun. So is the damned narrative. If you get your news from the usual LSM outlets, you are probably thinking that the problem is all the evil republicans who want to protect their rich buddies from paying their “fair share”, whatever the fuck that bullshit arbitrary marxist lingo – and have no doubt that it is arbitrary on purpose, so they can redefine it in their favor whenever they feel they … Read more
I guess that since our lord and savior won the election, we better get used to pure propaganda stories about how awesome things are getting like this one.
CNN reports that practically all Americans went shopping over “Black Friday” weekend.
“A record 247 million shoppers visited stores and websites in the post-Thanksgiving Black Friday weekend this year, up 9% from 226 million last year, according to a survey by the National Retail Federation released
So I’ve been hearing rumbles of a walkout at Walmart stores on Black Friday. How’d that work out?
“The protest organizers have declined to say how many Wal- Mart associates they expect to be involved in the latest round of actions” says Bloomberg, and while the OurWalmart homepage feed contains lots of pictures of protest groups, there don’t seem to be a lot of actual Walmart employees. In fact, several rather wisful items champion
I did some contract work with IBC when it was based in Kansas City a few years ago. Around 2008-ish. Back then, the Teamsters Union was doing its best to bring about the outcome that the Baker’s Union ultimately accomplished: Death of the business. The End didn’t come since the Teamsters knew back then–as they did now–when to pull back from the brink. “Save the Twinkies, Save the World” was the vision.
Every day, I’d … Read more
