There's at least one mortgage company that still sees opportunity in the real estate market. ...more

November 6, 2008

FEDERAL REGULATION McCAIN: Typically an opponent of government regulations, he has promised tougher ones for the financial industry in response to the current crisis. Though he has not been specific, McCain has said he would reduce the number of federal agencies overseeing banks, thrift institutions and markets to make accountability clearer while imposing tougher capital and disclosure requirements. ...more

November 2, 2008

Now that American taxpayers have committed hundreds of billions of dollars to save the banking system, it's appropriate to assess what they are getting for their investment. ...more

November 1, 2008

We in the press deserve some blame for not warning loudly enough early enough that the fast-moving housing market was circling the drain. ...more

November 1, 2008

It is the nature of economics that we go through these unanticipated cycles.... ...more

October 21, 2008

With all of the purely politically motivated negative action taken on the part of Congressman Barney Frank, chairman of the House Committee on Financial Services who uttered these now famous words, "These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis," now comes another potential result of his committee's utter disregard for the advice of the Bush administration to take steps to rein in these two entities. ...more

October 21, 2008

Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse. ...more

October 20, 2008

The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country's economic crisis, according to current and former bureau officials. ...more

October 19, 2008

The similarity of our national economic meltdown to the property insurance crisis poised to occur within Florida's economy should serve as a wake-up call to us all. Our state stands among the leaders of a motley pack suffering the ill effects of an overheated real estate market. But we stand alone in our potential to add to this economic misery due to the collapse of an artificial property insurance market crafted by the hand of government. ...more

October 18, 2008

Let's get something straight. The U.S. House of Representatives has been in Democratic hands for two years. The Democrats chair all committees; rule the roost. The latest Rasmussen tracking poll finds that 9 percent of the public thinks Congress is doing a good job. Fifty-two percent think Congress is doing a poor job. The leader of the House is Nancy Pelosi from San Francisco, the most politically strange city in America. Our congressman Tim Mahoney is part of that majority. That majority has failed to face the energy crisis, failed to act, improve health care, failed to act on Iraq and failed to fix Social Security. Their leadership is standing still. ...more

October 17, 2008