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February 2, 2012
This is the problem Ben Bernanke and the Federal Reserve currently have–and it’s their own stupid fault: They have promised to maintain interest rates at effectively 0% until at least the end of 2014–they have in fact announced this zero interest-rate policy (ZIRP) as the hallmark of their strategy to reignite the economy– –but then …
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Permanent link to this article: http://chasehomefinancesucks.com/2012/02/gonzalo-lira-the-perniciousness-of-zirp/
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by admin
February 2, 2012
“”This rental period could provide relief for local housing markets that continue to be depressed by the volume of foreclosed properties, and provide additional rental options to certain markets,” according to a release from the regulator, the Federal Housing Finance Agency (FHFA).”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/own-vs-rent-riles-government-housing-policy/
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by admin
February 2, 2012
“Nearly nine months after the Justice Department launched a probe into whether the Wall Street firm misled clients and lied to lawmakers, executives are increasingly optimistic that the bank will avoid criminal charges and focus on what it does best: minting money.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/goldman-sachs-likely-to-avoid-criminal-charges-in-doj-probe-insiders-say/
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by admin
February 2, 2012
“The deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was delayed to Feb. 6 from Feb. 3, the Iowa Attorney General’s Office said.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/foreclosure-agreement-deadline-for-states-postponed-to-feb-6/
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by admin
February 2, 2012
“Ally Financial Inc., the U.S. government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/ally-financial-posts-250-million-loss-on-foreclosure-charge/
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by admin
February 2, 2012
“Foreclosures that have depressed property prices and caused the deterioration of single-family neighborhoods across the country have had similarly harmful ripple effects in New York City when apartment buildings are foreclosed, according to a new report.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/city-feels-foreclosure-effects/
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by admin
February 2, 2012
“What could corporate media possibly be afraid of? Well grab your seats, and here it is”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/sicily-pitchfork-movement-in-revolt-western-media-blackout/
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by admin
February 2, 2012
The former Massachusetts governor told the Las Vegas Review-Journal in an interview published Oct. 17 that the housing market should “run its course and hit the bottom.” Obama said yesterday, “it is wrong for anyone to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to …
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Permanent link to this article: http://chasehomefinancesucks.com/2012/02/obama-uses-housing-market-crisis-as-foil-to-romneys-hit-bottom-strategy/
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by admin
February 2, 2012
“No doubt, the world’s financial outlook is still bleak. The needed measures and will to repudiate the ill gained debt bubble, that has much of the world facing insolvency, is a taboo alternative. The proverbial can that cannot be kicked far enough down the road of postponement keeps the party going for a little while …
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Permanent link to this article: http://chasehomefinancesucks.com/2012/02/international-business-davos-style/
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by admin
February 2, 2012
“The prosecutors allege the traders saw that the value of the subprime mortgage bonds were plummeting, but still booked them at higher prices because it would help their own bonuses. Two traders, who are cooperating with prosecutors, already pleaded guilty, colleagues at WSJ are reporting Wednesday.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/prosecutors-lining-up-financial-crisis-charges/