Tom & Kathy Coulter and Conservative ArTherapy

Building a New Mortgage Crisis !

FHA now originates an increasing share of US mortgages with down payment requirement of only 3.5%. Meanwhile their default rate is rising and their reserves are lower than Tim Geithner would permit at Citi. Taxpayers will be on the hook. Details:

"Subprime Uncle Sam"

Why our Economy is in Pain?

I had intended to do some scholarship myself. In the process, I discovered The Housing Boom and Bust.If you would like to understand what we should do next, it may help to know how we arrived at this point. Concise (148 small pages, large type) explanation of how U.S. economy inflated the bubble and why it burst. It is written by Thomas Sowell, economist with distinguished academic credentials.
TC

Federal Reserve Audit is blocked by Senator Harry Reid

An unusual combination of Senator Bernie Sanders, Socialist (his affirmation, not mine), VT and Senator Jim DeMint, Republican, SC are sponsoring a bill. It would require transparency at the unelected Federal Reserve central bank which issues our currency. They call it the "Federal Reserve Sunshine Amendment" and it would require periodic audits and reporting from the Federal Reserve. More at: http://www.youtube.com/watch?v=4tRQHsXujpo

Barney Frank wants to re-inflate the Housing Bubble

This is what happens when you send the arsonist to put out the fire.
US Representative Barney Frank is putting pressure on Fannie and Freddie to relax mortgage restrictions enacted in very recent reforms.
The crisis is passed so it must be time to plant seed for another?

http://online.wsj.com/article/SB124580784452945093.html