Bailout

TARPers Are Lobbying

Does this bother you?  From the WSJ: WASHINGTON -- Troubled financial institutions and the Detroit auto makers continue to spend heavily on lobbying Congress while accepting billions of dollars in U.S. government money, reports to Congress suggest. General Motors...

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Every Couple of Months

WASHINGTON (Reuters) – The Treasury Department is considering giving banks and investors billions of dollars in fresh incentives to modify troubled mortgages and save homeowners from foreclosure, sources familiar with official deliberations said. Under one scenario,...

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FDIC Is Blowing Them Out

Wondering what the FDIC is doing with all the incoming assets?  You'll see that it doesn't take a billion dollars to participate, they have sold several bulks under $1,000,000.  Here's the link to their bulk sales: http://www2.fdic.gov/closedsales/LoanSales.asp...

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Squatters on the Move

from the nyt: MIAMI - When the woman who calls herself Queen Omega moved into a three-bedroom house here last December, she introduced herself to the neighbors, signed contracts for electricity and water and ordered an Internet connection. What she did not tell anyone...

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