Tag Archives: housing crash

A housing bailout might be a boon, but Bush's housing bailout is a bust

By Martin Bosworth For those who don’t know, last week President Bush and Treasury Secretary Henry Paulson unveiled a “mortgage rescue plan” (NOT a bailout, they desperately stressed) that would enable qualifying homeowners to qualify for a five-year freeze of their mortgage at the current rate, preventing the rate from resetting into a payment they […]

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Legacy of the bankruptcy bill: More foreclosures, financial meltdowns, and open corruption

By Martin Bosworth One of my first big battles as a consumer advocate was campaigning against the 2005 bankruptcy bill overhaul, which sadly passed despite all our best efforts. Looking back, I still can’t believe that Congress so willingly supported such a horrific bill that penalizes consumers and condemns them to indentured financial servitude simply […]

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The “untouchables” of Virginia

By Martin Bosworth Today’s Washington Post looks at the net result of anti-illegal immigration measures passed in Virginia’s Prince William County last week–an exodus of Latinos (both legal and illegal) from the region: Diaz, a supermarket checkout clerk, was one of nearly 400 people who waited for hours to comment on the bill during the […]

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