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Tag Archives: Financial Crisis

A Solution That Works: How To Stop The Housing Crisis Today

A Common-Sense Plan to Stabilize the Markets, Stop The Death Spiral of Decreasing Property Values, Halt Foreclosures and Keep Americans In Their Homes
 
Download a PDF of the Plan!
President Bush signed into law the hotly-debated financial bailout plan on October 3, 2008. In doing so, the real problem was not solved. We need to keep homeowners [...]


FDIC Chief Bair Outlines Homeowner Rescue Plan to Senate

FDIC Chief Follows Last Week’s Comments That Bank Bailout Is ”Not Enough” with a Plan Similar to “A Solution That Works”
FDIC Chairman Sheila C. Bair testified on foreclosure before the Senate Committee on Banking, Housing and Urban Affairs  this morning. Here’s a snippet of Bair’s address:
Despite what we hear about the credit crisis and the problems facing [...]


FDIC Chief Blasts Bailout For Not Helping Homeowners

Yesterday, the Chairman of the Federal Deposit Insurance Corp (FDIC) — the organization that insures banking deposits — criticized the U.S. Government’s recent $700 billion rescue package as helping stabilize financial markets, but not doing enough to address home foreclosures.
FDIC Chairman Sheila Bair told the Wall Street Journal she’s perplexed that so much attention has [...]


Dan Gilbert Outlines His Plan on Fox Business News

Gilbert Outlines His Housing Rescue Plan for Fox’s Neil Cavuto
Last night, Dan Gilbert was interviewed by Neil Cavuto on Fox Business News’ highly popular “Your World” business news show.
During the interview, Dan Gilbert outlined the root problem that still persists at the center of the current financial crisis: The death spiral of mounting foreclosures, rapidly falling property values and [...]


Detroit Free Press: Two Propose Sane Fixes to Housing Meltdown

In this morning’s Sunday edition of The Detroit Free Press, Free Press business columnist Tom Walsh takes a look at two “sane” proposals to fix the housing meltdown: a plan from retired Episcopalian priest and head of the Detroit Office of Foreclosure Prevention and Reponse, Stephen Bancroft, and Dan Gilbert’s “A Solution That Works.”
Here’s what Walsh [...]


The White House Solution to The Financial Crisis: Take Over The Banks?

White House considering taking over some banks, says AP, anonymous source.
 
The big news this morning is a rumor that the White House is considering taking over ownership of certain banks — the latest move in the government’s “Whack-a-Mole” approach to dealing with the current financial market crisis.
According to the Associated Press:
An administration official, who spoke on [...]


Markets Need More Than Random Acts of Congress Says Columnist Baum

Bloomberg columnist Caroline Baum, others believe latest legislation from Washington won’t be enough to heal financial markets.
Excellent Op-Ed piece that appeared this morning on Bloomberg.com from columnist Caroline Baum. Baum takes a look at why Friday’s “emergency” legislation won’t be enough to solve the continued economic issues we’re faced with. Baum trots out a number of alternative plans that never [...]


The Bailout Plan: $700 Billion and Markets Are Still Jittery

Will the Government Bailout Plan Work? Financial Markets Are Still Nervous, Should We Be? 
Interesting article from Yahoo and the Associated Press around the challenges still ahead, in spite of the $700 billion dollar banking bailout plan signed into law by the President today:
Bailout signed, now it’s wait and see its effects
From the article:
The immediate response to [...]


Read The Plan

A Common-Sense Plan to Stabilize the Markets, Stop The Death Spiral of Decreasing Property Values, Halt Foreclosures and Keep Americans In Their Homes
 Download a PDF of the Plan!
President Bush signed into law on October 3, 2008 the hotly-debated financial bailout plan, but in doing so, didn’t solve the real problem. We need to keep homeowners [...]