Two weeks ago we called on top housing finance regulator and Bush administration holdover Edward DeMarco to reduce mortgage principal for struggling homeowners. “Move or be removed,” we said. Thousands of you responded.
Key voices on Capitol Hill today echoed the message that underwater homeowners need the principal on their mortgages reduced, and that the government official responsible for keeping that from happening should either change his position or step down from his post.
Edward DeMarco is the beleaguered bureaucrat in charge of an agency called the Federal Housing Finance Agency. And because the FHFA is now managing Fannie Mae and Freddie Mac, DeMarco's in charge of most American mortgages. He's been the target of resignation demands for weeks.
I should start giving a false equivalence award. Today I have for you a glaring example. In a column about how Romney lies, a DC-elitist pundit tells you that Obama lies, too.
Picture this: You're driving down the road one rainy day as someone bearing an uncanny resemblance to Mitt Romney approaches you from the other direction in a Cadillac. One of you hydroplanes and there's a collision.
The 99% Spring movement is starting to make itself heard at corporate shareholder meetings around the country. And next week it really gets started and will be big. (I'll be reporting from the GE shareholder meeting next week in Detroit.)
When President Nixon went to China in 1972, manufacturing was 22 percent of the nation's economy. It was still 20 percent of the nation's economy eight years later when China was granted most-favored-nation trading status.
Congressman Raul Grijalva has introduced The Border Infrastructure and Jobs Act of 2011.
Good Lord, what is the matter with people? There are millions of jobs that need doing, and millions of unemployed. How hard is it to figure out what to do?
Just as public works projects launched by FDR put millions of unemployed people to work during the Great Depression, the Obama administration has pushed to invest billions in public works projects to create jobs for millions of today’s unemployed.
The House of Representatives this afternoon scheduled a vote on a three-month, stopgap transportation funding bill, as conservatives struggle to decide what sort of long-term transportation plan it is willing to put on the House floor for a vote.
Take a good look at Europe—bloody riots in Athens and Madrid, rising unemployment, spreading poverty and suicide, and a deepening re
Originally posted at Capital Gains and Games. If you weren't convinced that anything related to the federal budget on Capital Hill is completely nuts this year, just think about these three things, all of which are happening this week:
The Obama Administration worked for months on a deal that would have let America's biggest banks off the hook for a crime wave of runaway mortgage fraud.
For-profit colleges and universities have a well-deserved reputation for deceptive recruiting, low-quality programs, and sky-high prices.
House Republicans can call their budget a "Path to Prosperity" all they want, but as far as the American Majority is concerned, it's a path to political defeat for the politicians who support it—if progressives make the right arguments in favor of an alternative that grows the economy and protects...
President Obama and many Democrats spent much of 2011 talking about deficits instead of doing something about jobs.
This is why I'm skeptical of the "lower the rates, flatten the base" comprehensive tax reform of which all the Village and the White House is so enamored.
AT&T looks to be shooting for a double-bad award right now.
Today, as millions of Americans have coalesced to demand the wealthy to pay their fair share of taxes, one crusader, pledge in hand, stands in the way: Grover Norquist.