Tag Archives: Mortgage Crisis

Try Not to Let Your House Foreclose Next Year

The bad news, via Huff Post: Beginning on Jan. 1, people who lose their home to foreclosure will be required to pay federal taxes on any unpaid mortgage the bank can’t recoup through an auction. The same will be true … Continue reading

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Wingnuts Still Fixated On Debunked Racist Conspiracy Theory

The Daily Caller reported a story on Monday alleging that President Obama is responsible for the sub-prime mortgage meltdown because he helped poor blacks in Chicago obtain loans. The story was promoted by Tucker Carlson on Fox & Friends yesterday, … Continue reading

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Debt Deal Ignores Jobs, Housing and Growth

Ali Velshi from CNN does a nice job outlining what this debt ceiling deal won’t do: BLITZER: Is this deal, Ali, so much focusing in on America’s AAA credit rating, but at least in the short run, do you think … Continue reading

Posted in Economy | Tagged , , , , | 28 Comments

Quote of the Day

“[I]n America, it’s far more shameful to owe money than it is to steal it.” Matt Taibbi Exactly right, and shamefully so.

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