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POPSObama Should Consider His Own Complicity In Subprime Mess all the Democrats voted against it. To get the bill to a vote in the Senate, a few Democratic votes were necessary to limit debate. This was a time for the leadership Sen. Obama says he can offer, but neither he nor any other Democrat stepped forward. Instead, by his own account, Mr. Obama wrote a letter to the Treasury Secretary, allegedly putting himself on record that subprime loans were dangerous and had to be dealt with. This is revealing; if true, it indicates Sen. Obama knew there was a problem with subprime lending -- but was unwilling to confront his own party by pressing for legislation to control it. As a demonstration of character and leadership capacity, it bears a strong resemblance to something else in Sen. Obama's past: voting present.
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POPSAFFORDABLE HOUSING BLAMED FOR CRISIS The facts as they represent themselves are very different. More spin and propaganda convulsions by conservatives to put the blame on democrats. Not that they don't have to take their share of responsibility.
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POPSThe bottom in housing - Fueling demand Looks like July was indeed the bottom, and demand is increasing in all regions for homes. This will take a good six months to begin the process of reducing inventories so prices can begin to recover. If you are thinking of buying, do so now at the bottom, you won't want to miss it.
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POPSBarney is shameless So now Republicans hate black people and poor people? You helped cause this mess- you and your boyfriends- and now you divert the blame by calling others racist and anti-poor? This guy needs to get ran out of town on a rail.
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POPS"Welfare State Mentality" at the bottom of our financial woes! He who is ever desiring wealth goes running after money, and does not see that need will come on him. Prov 28:22 (BBE) Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. Prov 13:11 (ESV) If you work hard for it you will appreciate the fruits of your labor more so then if it is simply handed to you without the toil and the sweat.
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POPSNo.2 of Fannie Five - Barney Frank Frank has consistently opposed any attempt to reform the practices at Fannie Mae or Freddie Mac. Frank has been described as “The Patron Saint of Fannie Mae”. http://www.stltoday.com/forums/viewtopic.php?p=6069270 Read specific examples of Frank’s obstruction of reform here: http://www.foxnews.com/story/0,2933,424945,00.html In 2002, shortly before accounting irregularities were exposed at both companies, Frank said, “I do not regard Fannie Mae and Freddie Mac as problems,” reported the Wall Street Journal. After the Freddie Mac accounting scandal in 2003, Frank said, “I do not think we are facing any kind of a crisis.” http://mpinkeyes.wordpress.com/2008/09/17/barney-frank-and-chuck-schumers-role-the-fannie-ma
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POPSThe Socialist Project "Representative Mel Watt (D., N.C.) added, “I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing.”
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POPSMedia's Mum On Fannie Mae's "Love Connection" “Herb Moses, who helped develop many of Fannie Mae’s affordable housing and home improvement lending programs, has left the mortgage industry,”Darryl Hicks wrote for NMN. “Mr. Moses - whose last day was Feb. 13 - spent the past seven years at Fannie Mae, most recently as director of housing initiatives. Over the course of time, he played an instrumental role in developing the company’s Title One and 203(k) home improvement lending programs.” While Moses served at Fannie Mae and was Frank’s partner, Frank was actively working to support GSEs, according to several news outlets. In 1991, Frank and former Rep. Joe Kennedy, D-Mass., lobbied for Fannie to soften rules on multi-family home mortgages although those dwellings showed a default rate twice that of single-family homes, according to the Nov. 22, 1991, Boston Globe.
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POPSShipping Containers Converted into Homes for Urban Poor "Finally, a home of our own" - the foundation of PFNC, whose goal is to provide housing to those who most desperately need it around the globe. PFNC utilizes surplus shipping containers resulting from the United States' consistent trade deficit. The containers serve as the building block of PFNC housing, after an extensive conversion process to make them a home. They designed a galley-style kitchen with a stove, sink, refrigerator and dinette, and a 48 sq. ft. bathroom with a pedestal sink, shower and commode, a bunk area for children; separate sleeping quarters for the owners. A half million people could benefit from such homes in Juarez, Mexico alone. Affordable for the average worker at manufacturing plants in Mexico along the U.S. border...instead of a cardboard shack, a real home, offered as a employee benefit in "a work to own" housing program. PFNC doesn't intend just to build shelter: it wants to build communities.
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POPSThe Banking Bailout and Those Bells and Whistles 
It seemed like everyone was on the same page--it lasted for about 24 hours. But the funds are not uncontroversial and have been criticized as a method by which politicians can cater to special interests. The funds were set to receive funding from Fannie Mae (nyse: FNM ) and Freddie Mac (nyse: FRE ) in this summer's Housing Bill. The uncertainty over the funds is tied directly to the uncertainty with Fannie Mae and Freddie Mac, which need new legislation from the next Congress. The Treasury program to buy equity and securities from Fannie and Freddie only lasts through 2009. Under the new proposal, however, the funds will be addressed now. Together they receive one-fifth of the profits from the Treasury's purchasing program. Of that fifth, 65% go to the Housing Trust Fund and 35% to the Capital Magnet Fund. The remainder of the profits would stay with the Treasury. Not exactly the clean and simple passage that everyone was talking about on Sunday morning.
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POPSThe Real Culprits - Part Two The Clinton-era corruption, combined with unprecedented catering to affordable-housing lobbyists, resulted in today's nationalization of both Fannie and Freddie, a move that is expected to cost taxpayers tens of billions of dollars.
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POPSRedlining, Schmedlining !! Age-old standards of banking prudence got thrown out the window. In their place came harsh new regulations requiring banks not only to lend to uncreditworthy borrowers, but to do so on the basis of race. Despite warnings from GOP members of Congress in 1992, Clinton pushed extensive changes to the rules requiring lenders to make questionable loans. Lenders who refused would find themselves castigated publicly as racists.
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POPSACORN Faking Voter Registration Again! They are regular comedians over there at ACORN: In Oak Park, clerk Sandra Gadd said they have been seeing “lots of duplication” from ACORN in recent months but were reassured by ACORN officials that the group was working to correct the problem. Why hasn’t someone put an end to this criminal enterprise is beyond us. Except we know that they are merely the slaveys of their Democrat masters and only doing their bidding for cigarettes and walking around money. But we are on the brink of electing someone to the Presidency who not only worked for this criminal operation, but who helped to train “their” activists.
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POPSCEO's And Their Paychecks Disproportionate, outrageous, rip-off, shear greed, socking it to the people, billions lost to the "fair tax system" and Biden, Obama, McCain and the rest have no real answer, or do they? What a scam. When will people get really ticked off? What does it take?
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POPSCommunity Land Trusts This is my newest obsession. Please note that this clip is from a press release, not a news article, and so should be take "grain of salt"-style.
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