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  • BofA (BAC) is launching a small pilot program that will let homeowners at risk of foreclosure hand over the deeds to their houses and then sign leases for BofA to rent the houses back to them at market rates. It's a shift in strategy for BofA and could be less costly to the bank than a regular eviction-and-foreclosure process, while doing less damage to borrowers' credit scores.  [View news story]
    Now any investor who owns rental property is in competion with BOA and any home owner trying to sell their home at a fair price will be in competion with BOA. The little guy against the Deep Pockets !! They should at least be required to place the propery into a publicly traded REIT - then we could all get a piece of the action !
    Mar 23 01:47 PM | 1 Like Like |Link to Comment
  • Reluctant to be seen as holding up a tax break for American workers, House Republican leaders say they will put forward a new proposal to extend the payroll tax cut, giving up for now on their earlier requirement that it must be paid for. Speaker Boehner and the others say their backup plan could come for a vote as soon as this week, before the tax break expires Feb. 29.  [View news story]
    How about describing this thing as what it really is - a reduction in contributions to social security NOT a reduction to income tax collections - you are collecting your social security EARLY - good luck when you retire !!
    Feb 13 10:02 PM | 2 Likes Like |Link to Comment
  • Despite all of Iran's blustering, closing the Straits of Hormuz would not be as easy as it claims, say U.S. analysts. Iranian boats are too small, and don't have the capability to sustain a prolonged blockade. It would be a harassment effort at best. Besides, analysts say, any attempt will be met by an immediate response from the U.S. Fifth Fleet based in Bahrain.  [View news story]
    Why wait for them to make a move ? With good intelligence and planning ( think raid to get OBL ) the Air Force & Navy air assets could sink them while tied to their docks ( think Pearl Harbor ). We have tried the ' speak softly ' thing - it's time for the BIG stick ! Opps ! I forgot - also need some BOLD leadership ! If we only had that the whole world would follow our lead.
    Dec 29 09:48 PM | 1 Like Like |Link to Comment
  • The Obama administration will ask Congress to raise the nation's borrowing limit by another $1.2T this week, marking the third and final increase from a deal reached over summer. Treasury officials note the increase is necessary because the government will approach within $100B of its current limit by Friday.  [View news story]
    We should demand that congress tie term limits for themselves to increasing debt limit ??!!!
    Dec 27 09:48 PM | 3 Likes Like |Link to Comment
  • United Auto Workers leaders endorse new contract [View article]
    Has the UAW made any comment about the China deal ?!
    At least Boeing kept the jobs in the USA ! Did the major stockholder of GM - that would be the US Treasury(or maybe US Taxpayers) have any input in this decision ? MORE JOBS TO CHINA !
    Sep 20 04:45 PM | 1 Like Like |Link to Comment
  • Boeing (BA) CEO James McNerney on the U.S. government suit claiming the company's decision to build its 787 Dreamliner plant in South Carolina was retaliation against the unionized workforce in Washington state: a "fundamental assault on the capitalist principles that have sustained America's competitiveness."  [View news story]
    The first revolution was about ' taxation without representation '. Now we have ' government by the unelected '. All of the various parts of the constitution and various court decisions regarding how government should work and limiting is powers DO NOT APPLY to the unelected departments, etc. now in charge in Washington. The recent actions of the NLRB are a perfect example.
    May 11 08:15 PM | 10 Likes Like |Link to Comment
  • "The president is missing," Paul Krugman writes - or at least his version of what Obama should be: "the inspirational figure his supporters thought they elected." By "caving in so completely" on the "terrible" budget deal, Obama "set a baseline for even bigger concessions over the next few months."  [View news story]
    The only thing that Obama actually did in the way of 'work' was as a community organizer. If you have watched one in action you would see that they don't really DO anything - they get everyone else to do whatever ! The fact that he did not take into account is that Washington is NOT a community of like minded people but a big mess of individuals looking out for themselves and only themselves.

    He is trying to herd cats !!!
    Apr 11 09:10 PM | 3 Likes Like |Link to Comment
  • Obama can jawbone corporate executives all he wants to try to persuade them to boost hiring, but they're not likely to "get in the game" until they're convinced he's really on their side. In any case, investors have been more prone to reward companies for holding back on pretty much everything, including workers.  [View news story]
    All who voted for him are getting a gradute level education in what a community organizer is and does !!!!! The rest of us could see through him from the beginning. My dad had a name for such people - " a stuffed shirt " .
    Feb 8 09:37 PM | 2 Likes Like |Link to Comment
  • If Obama really wants to weed out regulations that are "just plain dumb," he might want to start with a new rule designed to prevent Gulf-style oil spills... at dairy farms. The EPA just began subjecting dairy producers to a 1970 spill prevention act, determining that milk contains "a percentage of animal fat, which is a non-petroleum oil."  [View news story]
    PLEASE - everyone send this to you congessional reps.
    Jan 27 07:49 PM | 7 Likes Like |Link to Comment
  • Why Higher Deficits Don't Mean Higher Income Tax Rates [View article]
    For the 20+ years after the war the US economy was very heavy in manufacturing - we were producing hard assets that were sold both here and around the would (exports) ! Can't say the same for today - we seem to be producing problems ( mortgage backed securities ) and selling them around the would !
    Aug 20 12:22 PM | 2 Likes Like |Link to Comment
  • How the Homeowner Could Be Protected [View article]
    Tenants DO NOT make for good maintenance and upkeep - it takes an active and involved landloard !! Are the lenders staffed up for this ?
    Jun 17 11:59 AM | 2 Likes Like |Link to Comment