Deep in the Heart of Texas’ Drug Trade

Staff / Truthdig Jul 24, 2011 Texas Gov. Rick Perry points to his hyper pro-business policies to explain the fact that 37 percent of the nation's new jobs created over the last two years were in his state. New York magazine has another suggestion though: the region's multibillion-dollar drug trade. (more) Dig deeper ( 2 Min. Read )

Bernanke Baffled by Troubling Economic Trends

Staff / Truthdig Jun 23, 2011 This is not really the kind of headline we want to read about the Federal Reserve right now, but top banana Ben Bernanke acknowledged at a news conference Wednesday that the Fed was "caught off guard by recent signs of deterioration in the economy." Dig deeper ( 1 Min. Read )

Out of Touch, Again

Eugene Robinson / Truthdig Apr 27, 2011 What is it about the word jobs that our nation's leaders fail to understand? How has the most painful economic crisis in decades somehow escaped their notice? Why do they ignore the issues that Americans care most desperately about? Dig deeper ( 3 Min. Read )

Home Sweet Wall Street

Robert Scheer / Truthdig Feb 16, 2011 A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership.It wasn’t meant to end this way, and key Democrats, quite a few of them Clinton alums now in the Obama administration, bear the responsibility for the sad fate of Roosevelt’s dream. Dig deeper ( 4 Min. Read )

Home Prices Plunge With No Bounce in Sight

Staff / Truthdig Dec 29, 2010 October wasn't a good month for sales of single-family homes in the U.S. -- in fact, it was pretty dismal -- and you know it's bad when number-crunching economist types say there's nothing good to say about not only the current moment but the foreseeable future as well. Dig deeper ( 1 Min. Read )

Attorneys General Join Forces in Robo-Signing Probe

Staff / Truthdig Oct 13, 2010 In a welcome and much-needed turn of events for struggling American homeowners, all 50 state attorneys general are banding together to crack down on such sketchy foreclosure practices as "robo-signing," as Forbes reported Wednesday. Dig deeper ( 1 Min. Read )

Home Sales Hit the Skids

Staff / Truthdig Aug 24, 2010 More evidence that the economy is still very shaky came Tuesday in the form of news about a startling dip in sales of existing single-family homes during July, which marked the lowest point in that market in 15 years. Dig deeper ( 1 Min. Read )

Geithner’s Housing Crisis

Staff / Truthdig Jul 31, 2009 Apparently Treasury Secretary Tim Geithner wants more for his home than he paid for it -- in this market The "Daily Show's" John Oliver asks, "How can the American people trust the policies of a man who can't sell his house? Is it not like hiring a personal trainer who is morbidly obese?". Dig deeper ( 1 Min. Read )

Foreclosures Mean Big Money for Lenders

Staff / Truthdig Jul 30, 2009 The Obama administration is trying to pressure mortgage companies to move quicker in lowering payments for homeowners facing foreclosure. But many observers believe lenders are dragging their feet because they collect lucrative junk fees on the delinquent loans. Dig deeper ( 1 Min. Read )

Obama Takes Americans’ Questions in Virtual Forum

Staff / Truthdig Mar 26, 2009 In a bid to interact more directly with the public at large, the Obama administration once again turned to the Web, inviting Americans to submit questions for Thursday's online "town hall" meeting. Here President Obama sets the stage with his opening remarks, discusses helping homeowners and considers whether marijuana should be legalized. Dig deeper ( 1 Min. Read )

$75 Billion to Fight Foreclosures

Staff / Truthdig Feb 18, 2009 While $700 billion was given to the banks and credit institutions that haphazardly pushed forward our current economic fiasco, millions of homeowners at risk of foreclosure may now be given only about one-tenth of that figure -- $75 billion -- in an effort to slow the deterioration of the housing market. Dig deeper ( 1 Min. Read )

Bailout Time for Fannie and Freddie

Staff / Truthdig Jul 29, 2008 Congress to the rescue! Mortgage lending giants Fannie Mae and Freddie Mac are being propped up in their time of dire need, thanks to a bill passed Saturday that will lift the world's two largest financial institutions out of immediate danger and help some homeowners handle mortgage crises. Dig deeper ( 1 Min. Read )