freeze

CBS Omits Skepticism of Homeowner Bailout Plan

admin — Thu, 03 Apr 2008 19:29:23 +0000

Jeff Poor

It’s another case of your government working for you, instead of you working for yourself.

After the Federal Reserve engineered a plan for JPMorgan Chase (NYSE:JPM) to take over ailing investment bank Bear Stearns (NYSE:BSC), the April 2 “CBS Evening News” suggested the government should do the same for faltering homeowners.

'World News' Jumps to Criticize 30-Day Foreclosure Freeze

admin — Wed, 13 Feb 2008 13:51:58 +0000

Jeff Poor

No amount of reprieve for debtors is “sufficient” for critics. Following the Bush administration’s latest announcement of a mortgage grace period, ABC News fretted.

The administration, in partnership with six of the biggest mortgage lenders in the United States, unveiled an anti-foreclosure proposal on February 12 as a goodwill gesture by the lenders.

Another View: MSM Misses on Mortgage Rescue

admin — Wed, 12 Dec 2007 20:31:55 +0000

Jerry Bowyer

Views side by side: read A Mortgage Bailout? by Brian Wesbury and Robert Stein for another view, and BMI Adviser Gary Wolfram's Econ 101: The Problem with Bailouts.

A Mortgage Bailout?

admin — Wed, 12 Dec 2007 17:37:51 +0000

Brian Wesbury and Robert Stein

Views side by side: read MSM Misses on Mortgage Rescue by Jerry Bowyer for another view, and BMI Adviser Gary Wolfram's Econ 101: The Problem with Bailouts.

The Bush Administration proposal to assist homeowners who face mortgage resets violates many principles of free market economics.

CNN Talks to Homeowner Ignorant about His Loan: Is Rate Freeze 'Unfair'?

admin — Fri, 07 Dec 2007 20:24:49 +0000

Julia A. Seymour

CNN “American Morning” followed up news of President Bush’s mortgage rate freeze by asking one homeowner – who’s at least three months behind in his payments – whether it was “fair.”

Maryland resident Ed Anderson, who was interviewed earlier in the week by CNN, said he didn’t know he had an adjustable rate mortgage until his payments went up. He won’t be affected by the rate freeze, because his already adjusted.