- Paul Kiesel | September 30, 2008 9:58 PM |
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MiscellaneousThere are a lot of different news outlets and political blogs pointing fingers at who's to blame for the financial crisis and why Americans should or should not support the failed bailout (or...
- Paul Kiesel | September 29, 2008 8:04 PM |
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MiscellaneousA key provision added to the bailout bill by Democrats last week, and a provision that likely dissuaded about two-thirds of House Republicans from voting "Aye" on the failed bill today, deals with...
- Paul Kiesel | September 29, 2008 6:45 PM |
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MiscellaneousAfter the biggest one day point drop ever for the Dow Jones Industrial Average, due in large part to widespread panic after the "Bush Bailout Bill Part II" was defeated in the House earlier today,...
- Paul Kiesel | September 26, 2008 9:49 PM |
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Mass Transit (Airline, Cruise Ship, Train, Bus)Metrolink has decided to improve its safety technology by implementing its commuter trains with automatic train stop devices designed to prevent train collisions. This type of safety device may be...
- Paul Kiesel | September 25, 2008 7:07 PM |
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MiscellaneousSenator Joe Biden said today in Pennsylvania that the biggest problem with John McCain's proposal to the Wall Street Bailout, and what caught his eye, was what was missing from it.
"What’s notable...
- Paul Kiesel | September 25, 2008 3:53 PM |
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MiscellaneousHow wrong were Bush, Bernanke and Paulson on the state of the economy over the past six months? Very wrong.
"I have great confidence in our capital markets and in our financial institutions. Our...
- Paul Kiesel | September 23, 2008 4:17 PM |
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MiscellaneousUp until recent weeks, John McCain did not have a history of supporting regulatory oversight. McCain's camp has vigorously denied or has tried to amend statements that prove otherwise, especially...
- Paul Kiesel | September 23, 2008 2:15 PM |
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MiscellaneousSEC Chairman Chris Cox testified this morning at the Senate Banking Committee hearing in regards to the potential Wall Street Bailout plan that was proposed over the weekend. Cox said that his...
- Paul Kiesel | September 22, 2008 7:57 PM |
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MiscellaneousHouse Representative Barney Frank, chairman of the House Financial Services Committee, who has been pushing for foreclosure aid to be added to the Bush Bailout Plan all weekend, reports that...
- Paul Kiesel | September 22, 2008 7:28 PM |
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MiscellaneousActually, there may be more or less than 32 problems with Bush's Wall Street Bailout proposal, but there is no greater problem than the 32 words present in Section 8 of the Bush Administration's...
- Paul Kiesel | September 19, 2008 7:56 PM |
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MiscellaneousDemocratic vice presidential candidate Joe Biden told about 1,000 supporters earlier today in Virginia that, "ending the cowboy mentality of the Bush-McCain era" on Wall Street is part of the...
- Paul Kiesel | September 19, 2008 7:36 PM |
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MiscellaneousIt's finally happened. The federal government, much to the chagrin and support of Congressional leaders, stepped in this morning and has written a blank check for Wall Street's blunders.
In his...
- Paul Kiesel | September 18, 2008 9:02 PM |
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MiscellaneousJust last year, the head of Metrolink warned Congress that any proposals to require updated safety devices on trains, like positive train controls, would involve "substantial cost" and that...
- Paul Kiesel | September 18, 2008 3:48 PM |
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MiscellaneousWho deserves the blame for the economic and housing crisis? It's difficult to point the finger at one individual for instigating this mess, because many people were involved. In fact, the blame...
- Paul Kiesel | September 15, 2008 9:37 PM |
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Mass Transit (Airline, Cruise Ship, Train, Bus)The family of Aida Magdaleno filed a claim today against Metrolink, alleging the agency chose not to use the available rail safety features needed to protect Southern California rail commuters. “We...
- Paul Kiesel | September 15, 2008 3:18 AM |
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Mass Transit (Airline, Cruise Ship, Train, Bus)According to Saturday's, September 13, 2008, Los Angeles Times, Federal investigators continued to comb the twisted wreckage of a commuter train in Chatsworth today as fresh details emerged that a...
- Paul Kiesel | September 12, 2008 8:06 PM |
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MiscellaneousAccording to CBS News, Michigan Republicans are planning to use a list of foreclosed homes throughout the state to block people from voting in the upcoming presidential election in counties where...
- Paul Kiesel | September 12, 2008 3:44 PM |
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MiscellaneousAugust foreclosures hit an all-time high: 304,000 homes were in some stage of default and 91,000 families lost their homes. The hardest hit housing markets continue to be in Arizona, California, and...
- Paul Kiesel | September 11, 2008 5:46 PM |
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MiscellaneousWhat's the difference between a Republican hockey mom and a Democrat that owns a pit bull? Obviously, a lot ! However, Democrats and Republicans can agree there's one emerging issue on which they're...
- Paul Kiesel | September 11, 2008 3:33 PM |
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MiscellaneousThe Associated Press reports that four Democratic senators, Serrod Brown (D-OH), Bob Casey (D-PA), Bob Menedez (D-NJ), and Charles Schumer (D-NY), are urging Fannie Mae and Freddie Mac to freeze...
- Paul Kiesel | September 10, 2008 7:03 PM |
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MiscellaneousJohn McCain and Sarah Palin gave their opinions on the federal government's takeover of Fannie Mae and Freddie Mac, yesterday, in the Wall Street Journal. Here are a few of the pair's stances: "The...
- Paul Kiesel | September 09, 2008 11:02 PM |
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MiscellaneousI wouldn't say that Douglas Holt-Eakin is confused on what Fannie and Freddie do operationally, about the origins of the two mortgage giants, nor what transpired over at Fannie and Freddie over that...
- Paul Kiesel | September 08, 2008 8:06 PM |
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MiscellaneousBoth presidential candidates Barack Obama and John McCain said on Sunday that they see the federal takeover of mortgage finance companies Fannie Mae and Freddie Mac as necessary.
The vice...
- Paul Kiesel | September 08, 2008 5:38 PM |
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MiscellaneousOn July 16, Federal Reserve Chairman Ben Bernanke told Congress that he believed Fannie Mae and Freddie Mac would be able to make it through the storm of the U.S housing crisis. In front of...
- Paul Kiesel | September 05, 2008 7:47 PM |
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MiscellaneousTransparency. This word gets thrown around a lot when describing how banks and mortgage brokers were able to sell the some of the dubious mortgages (mortgages that were filled with TILA violations)...
- Paul Kiesel | September 04, 2008 8:45 PM |
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MiscellaneousBarack Obama and John McCain have both stressed the need for greater transparency and imposing capital requirements on financial institutions since the debacles at Bear Stearns, IndyMac and Fannie...
- Paul Kiesel | September 04, 2008 8:13 PM |
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MiscellaneousSenators Barack Obama and John McCain want to go after predatory lenders. Senator Obama, contrary to Alaskan Governor Sarah Palin's claims about his Senate record in her acceptance speech at the...
- Paul Kiesel | September 04, 2008 7:26 PM |
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MiscellaneousBarack Obama and John McCain both support efforts to stabilize mortgage finance giants Fannie Mae and Freddie Mac, but only if needed and because both government sponsored entities are central to...
- Paul Kiesel | September 04, 2008 7:18 PM |
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MiscellaneousBarack Obama wants to see the government step in to help homeowners facing foreclosure. John McCain, who several months ago stated he wouldn't support a foreclosure bailout, has recently changed his...
- Paul Kiesel | September 03, 2008 6:17 PM |
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MiscellaneousBelow is information, provided by The OC Register, on California State Senate and Assembly bills that have been voted on within the last six weeks. Some have passed, some have not.
A reporter for...
- Paul Kiesel | September 03, 2008 3:53 PM |
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MiscellaneousReuters and Bloomberg both reported today that GMAC's Home Loan Unit will fire 5,000 employees, or 60 percent of its staff, and close all 200 GMAC Mortgage retail offices because of "weak real...