Feb 1, 2012

President Obama called on Congress Wednesday to make it easier for millions of homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. This sane proposal has little chance of being passed by the House Republicans because it would reduce the income of their banking buddies, who bet against middle class...

Jun 19, 2011

Owner occupied housing is in crisis. The problem is solvable by the Federal Reserve Bank. If the Federal Reserve Bank fails to act correctly, then the crisis will deepen. If the Federal Reserve Bank creates a correctly operating housing market, then the floundering owner occupied housing market will snap back into a long-term stable growth pattern. The choice of...

Jun 4, 2011

If I were Chairman of the Federal Reserve Bank (FRB) I would see to the housing crisis in the United States by creating a separate housing money supply called the FHF (which is to say, the “FRB Housing Fund”). PRIMARY SUCCESS SCENARIO 1. The Federal Reserve Bank (FRB) shall establish a FHF, which is a “FRB Housing Fund” account, operating...

Oct 12, 2008

I doubt that George Bush has the balls to do what would be necessary to immediately save one of our nation’s most important principles–owner occupied dwelling. Putting USA first (Republican) and, for a change (Democrat), why not bail out the little guy? There are currently 75 million owner occupied dwellings. To effect this outcome, George Bush...

Sep 26, 2008

Politics As the U. S. Congress crafts its 1 trillion dollar vindication of capitalist greed, I wonder when greed became a higher priority than common human need. It seems that the culture, of campaign contribution bought payback, seeks to prevail over common human decency. I am deeply offended that the U. S. Congress seeks to reward USA greed and corruption,...