World-News

Federal Reserve Chairman Ben Bernanke has done it. He has succeeded in creating a new housing bubble. By driving mortgage rates down to the lowest level in 100 years and recklessly printing money with wild abandon.

http://is.gd/U4B9Pu



Banks on the Run

Op-Ed

Consider this: Latinos lost 66 percent of their household wealth after the housing bubble burst, and African-American households lost 53 percent. Nearly 12 million families-disproportionately people of color-have either lost their homes or are currently in foreclosure, and another 16 million are underwater, owing more on their mortgages than their homes are worth.

http://is.gd/sEdC3H



Banks sued for flagrant violations

Video

New York State Attorney General Eric Schneiderman about why, after a multibillion dollar settlement, banks are still not living up to rules about mortgages and refinancing.

http://is.gd/kJWmIk


From Information Clearing House

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Fannie Mae Evicts Families in Foreclosure, Then Installs Armed Guards

Kari Koch, Truthout: Fannie Mae has placed armed security guards in the home of Portland s original foreclosure fighters after kicking out the first family to publicly fight their eviction. Community activists are fighting back with protests and a campaign to place a moratorium on evictions in Portland.

http://www.truth-out.org/news/item/16080-fannie-mae-evicts-family-in-foreclosure-then-installs-armed-guards

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50 Years of No Real Economic Progress
http://lewrockwell.com/bonner/bonner597.html

World Bank Insider Blows Whistle on Corruption, Federal Reserve
http://lewrockwell.com/spl5/world-bank-insider-blows-whistle.html

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Obama ignores pernicious effect of Fed policies

Cato Institute
by James A. Dorn

08/08/13

When President Obama gave his recent address at Knox College, he lamented the dismal state of middle-income families, whose real incomes have been stagnant or falling. He promised new policies that would restore upward mobility and improve prospects for growth and employment. However, he ignored the negative effects of the Federal Reserve s unconventional monetary policies...

http://tinyurl.com/ma473n3


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=monetary+polic
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Latinos
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=African-American
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=middle+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bernanke
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=money+printing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Fannie+Mae
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=evict
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=corruption
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=whistleblow
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Greg+Kaufmann
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/bonner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Alex+Newman
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