If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Wilbur Ross, in a New York Post Op-Ed piece, complains that the Obama Homeowner Affordability and Stability Plan doesn’t work because it excludes everyone whose mortgage is held by someone other than Fannie Mae and Freddie Mac. His major [...]
The world is a buzz with Obama’s mortgage plan (titled Homeowner Affordability and Stability Plan) to stem foreclosures and the $275 billion that he’s throwing at the problem. The problem is the plan won’t work, plain and simple. But, more on that later. First, let’s dive in to the President’s Homeowner Affordability and [...]
by Constantine von HoffmanFebruary 12, 2009
Bailout
The most important number not included in Mr. Geithner’s bailout plan has nothing to do with who gets how much. That is all just fine-tuning and clearly not a number Geithner & Co. have figured out yet. (Why release a plan before you have figured that out? I dunno either.) The most important number not [...]
It was Bernanke who said he didn’t have a nefarious scheme, but who cares. He and Geithner, Paulson’s mini-me, are like two peas in a pod. But, on to the latest stimulus plan, a little more much ado about nothing. Like the unveiling of the Segway, the stimulus plan announcement fell flat and tripped [...]
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