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Topic: Next Big Gov´t Housing Bailout:
Federal Housing Administration |
Next Big Gov´t Housing Bailout:
Federal Housing Administration
Investor´s Business Daily, by Mark Calabria
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Original Article
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Posted By:earlybird, 1/7/2013 10:38:01 PM
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| The Federal Housing Administration (FHA)´s 2012 audit confirmed what has been obvious for some time: The FHA is deeply underwater, with a negative economic value of $34 billion. With over $1 trillion in mortgages backed by the FHA, even minor changes in the housing market could add tens of billions to that total. A taxpayer bailout is inevitable. What isn´t inevitable is the size of that bailout. The FHA has been sunk not by a housing bust, but by policy choices. (Snip)The FHA has succeeded over the years in offering lenders something almost no one else will:
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Reply 1 - Posted by:
Trigger2, 1/8/2013 4:02:14 AM (No. 9104348)
No more bailouts. I´m sick and tired of my tax money going to losers.
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Reply 2 - Posted by:
nonsense, 1/8/2013 10:17:24 AM (No. 9104768)
In another convoluted move, isn´t Obama forcing big banks to pay fines for loams that have not yet been determined to be predatory? My understanding is that the "fines" will be paid to the housing administration. As if that will plug the Huge Hole that Demonrats created beginning with the Community Reinvestment Act.
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Reply 3 - Posted by:
nonsense, 1/8/2013 10:19:02 AM (No. 9104769)
...oops, that would be loans, not loams.
Anyhow the banks have not been found guilty, yet they are willing to pony up millions of dollars in fines to get the Obama administration off their backs. Very curious.
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Below, you will find ...
Most Recent Articles posted by "earlybird"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "earlybird"
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Finally !!!!! – Someone (Chris Wallace)
Asks Where Was The President
During The Benghazi attack….
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The Conservative Treehouse, by Sundance
Original Article
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Posted By: earlybird- 5/20/2013 4:33:58 PM
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Seven months we’ve been waiting for someone, anyone, to ask the White House staff what was President Obama doing on the night the Benghazi attacks took place. We have researched this on our own and have him tracked from 4pm to around 7:30pm (EST). But after 7:30pm it is a total BLACKOUT – an unknown void of information. Finally after seven MONTHS. Chris Wallace asks White House Communications Director, Dan Pfeiffer, what was President Obama doing. (Snip) they are hiding what actually took place that night. They are desperately trying to cover the President’s intentional uninvolvement.
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Pfeiffer on IRS Scandal:
The Law Is Irrelevant
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Washington Free Beacon, by Staff
Original Article
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Posted By: earlybird- 5/19/2013 1:06:30 PM
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White House advisor Dan Pfeiffer said “the law is irrelevant” when asked by ABC’s George Stephanopoulos Sunday about whether President Obama thought the IRS’ targeting of conservative groups was illegal: Stephanopoulos: What does the president believe? Does the president believe that would be illegal? Pfeiffer: I can’t speak to the law here. The law is irrelevant. The activity was outrageous (Snip) Stephanopoulos: You don’t really mean the law is irrelevant, do you? Pfeiffer: What I mean is whether it’s legal or illegal is not important to the fact that the conduct doesn’t matter.
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Retired officer is charged with rape
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Associated Press, by Staff
Original Article
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Posted By: earlybird- 5/18/2013 9:49:24 PM
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A former Philadelphia police officer, once hailed as a hero and given a seat next to the first lady at a 2009 speech by President Obama, has been arrested and charged with rape and other crimes. Authorities allege that Richard DeCoatsworth left a party with two females early Thursday and took them to another location, where they allege that he produced a handgun and “forced the two females to engage in the use of narcotics and sexual acts.”(Snip)DeCoatsworth was hailed as a hero after he was shot in the face during a traffic stop in September 2007 but still
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IG letter to Geithner: Targeting
not among top concerns
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CNN, by Jessica Yellin
Original Article
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Posted By: earlybird- 5/18/2013 9:36:47 PM
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Treasury officials were made aware in June 2012 that the IRS inspector general was reviewing the office that handles tax-exempt applications, but a letter from October shows that the inspector general did not highlight the audit as a top concern for the agency. In a memo dated October 15, 2012, to then-Treasury Secretary Tim Geithner about IRS challenges for 2013, Inspector General J. Russell George noted other problem areas, but made no mention of the investigation taking place at the time of the agency´s intense scrutiny of conservative groups seeking tax-exempt status.
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IRS breaks the rules
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Boston Herald, by Editorial
Original Article
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Posted By: earlybird- 5/18/2013 9:17:25 PM
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It eventually comes down to who — who at the IRS was responsible for targeting conservative and Tea Party groups for special scrutiny. Because, after all, you can’t put a “system” in jail. You can’t put a report in prison. You can’t indict a department for corruption. At the end of the day it’s people who are responsible for using the enormous powers of the Internal Revenue Service to go after other people and groups because of their political beliefs. U.S. Rep. Kevin Brady (R-Texas) told the tale of one of his constituents who applied for tax-exempt status for her Tea Party group in July 2010.
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After ravages of flesh-eating
bacteria, Aimee Copeland
uses new bionic hands
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CNN, by Michael Martinez
Original Article
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Posted By: earlybird- 5/18/2013 9:08:41 PM
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Flesh-eating bacteria amputee Aimee Copeland now uses the latest technology in prosthetic hands to chop vegetables, pick up tiny items like Skittles, and comb and iron press her hair. With the bionic hands, Copeland is looking forward to cleaning her house -- she´s a neat freak, she tells CNN -- and cooking her own food. She´s something of a foodie but has been able to eat only microwaveable foods, she adds. (Snip)"It just mimics so well a natural hand that it really just reminds me of before the accident, how I would have done things,"
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Evidence emerges that Obama
administration official knew of
IRS targeting during 2012 campaign
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CBS News, by Margaret Brennan
Original Article
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Posted By: earlybird- 5/18/2013 9:01:39 PM
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WASHINGTON - There were new questions Saturday night concerning if anyone in the White House was aware of the IRS´ targeting of conservative groups. Inspector General Russell George said he informed a deputy at the Treasury Department in June of 2012 about the probe into the IRS. The Treasury Department confirmed the timeline but said they did not know the details of the investigation until last week.(Snip)Marcus Owens ran the tax-exempt division at the IRS for 10 years. He said it isn´t difficult to figure out who´s doing what at the agency.
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Most Active Articles (last 48 hours)
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Analyze this
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Power Line, by Scott Johnson
Original Article
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Posted By: MissMolly- 5/19/2013 11:33:33 AM
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What did President Obama do on the evening of 9/11/12 when our men were under attack in Benghazi? The invaluable Andrew McCarthy reminds us that Obama and Secretary Clinton had a 10:00 p.m. phone call of which many (including, I think, Chris Wallace) have lost sight. This morning when Wallace asked Obama aide Dan Pfeiffer what Obama was up to that evening, Pfeiffer declared the line of inquiry “offensive.” Translation: Obama and his minions would prefer to “move on” and are warning the likes of FNC off:(Snip for video)The Weekly Standard’s Daniel Halper has posted the rush transcript
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Obama: "As An African American
You Have To Work Twice As Hard
As Anyone Else If You Want To Get By"
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Real Clear Politics, by Staff
Original Article
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Posted By: Desert Fox- 5/19/2013 6:55:47 PM
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PRESIDENT OBAMA: You are the mantle of Frederick Douglass and Booker T. Washington and Ralph Bunche and Langston Hughes and George Washington Carver and Ralph Abernathy and Thurgood Marshall and, yes, Dr. Martin Luther King Jr. These men were many things to many people and they knew full well the role that racism played in their life. But when it came to their own accomplishments and sense of purpose, they had no time for excuses. Every one of you has a grandma or an uncle or a parent whose told you at some point in life
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White House Chief of Staff knew about
damaging IRS audit, kept Obama in the dark
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New York Post, by S.A. MILLER
Original Article
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Posted By: FlyRight- 5/20/2013 4:15:03 PM
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WASHINGTON – The Internal Revenue Serviced scandal today spread further within the White House and closer to President Obama. White House spokesman Jay Carney today disclosed that Obama’s chief of staff, Dennis McDonough, and other top White House officials had advance warning that the IRS was targeting conservative groups. But he insisted McDonough and the other White House officials purposely kept Obama out of the loop.McDonough “rightly chose not to take action” to inform Obama, Carney told reporters at the daily White House briefing.
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BREAKING: WashPost Reports
Obama DOJ Also Spied on
James Rosen of Fox News
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Newsbusters, by Tim Graham
Original Article
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Posted By: drive- 5/20/2013 7:29:20 AM
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The Washington Post on Monday reported that Obama’s Department of Justice was investigating journalists before they started wiretapping the Associated Press – for one, Fox News correspondent James Rosen in 2010. Their headline wasn´t "Obama Team Also Spied on Fox News." Fox wasn´t in the headline, on A-1 or on A-12, where the story continued. Newly obtained court documents “reveal how deeply investigators explored the private communications of a working journalist — and raise the question of how often journalists have been investigated as closely as Rosen was in 2010.” Reporter Ann Marimow began:
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Candy Crowley: Is it Possible
This Isn´t Political and
IRS Didn´t Intend to Harass
the Tea Party?
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Newsbusters, by Noel Sheppard
Original Article
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Posted By: JoniTx- 5/19/2013 3:54:02 PM
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"Can you see in your mind´s eye a way that this might not have been political, that this was a misguided stupid way to sort, but that they didn´t intend it to be some kind of political attempt to harass the Tea Party?" So actually asked CNN´s Candy Crowley of her guest Sen. Rand Paul (R-Ky.) concerning the Internal Revenue Service scandal Sunday (video follows with transcript and commentary):CANDY CROWLEY, HOST: Moving on to the IRS problem at this moment, which is really sort of in its infancy. There will be lots more hearings coming up this week
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White House Aide calls
Criticism of Obama ´Offensive´
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New York Times, by Brian Knowlton
Original Article
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Posted By: FlyRight- 5/20/2013 7:01:33 AM
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A senior adviser to President Obama mounted a combative defense of the administration on Sunday, saying the controversies enveloping the White House were the result of Republican lawmakers’ trying to “drag Washington into a swamp of partisan fishing expeditions, trumped-up hearings and false allegations.”The remarks came from Dan Pfeiffer, a member of the president’s inner circle, as he appeared on all five major Sunday morning talk shows in an effort to move the administration past what commentators have described as a “hell week” of controversy and missteps.
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If Your Doctor Asks You About
Guns, Do You Have to Answer?
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Fox News, by Staff
Original Article
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Posted By: KarenJ1- 5/20/2013 1:12:07 PM
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Stuart Varney said this morning on "Varney & Co." that one of his producers was given a questionnaire with some surprisingly intrusive questions on it when he switched doctors. One of the questions was whether he/she was concerned about unsecured weapons in the home. Another asked whether he/she was "in a relationship in which you have been physically hurt or are you afraid of your partner?" Judge Andrew Napolitano explained that the question about guns comes out of a post-Sandy Hook executive order by President Obama, but it will be required under Obamacare. Varney expressed amazement
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