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    Another Subprime Idea from Obama

    The Obama Administration is reportedly pushing banks to increase mortgage lending to people with relatively weak credit in hopes of boosting home sales. But the very same policy under Presidents Clinton and Bush contributed mightily to the housing bubble that ultimately devastated millions of families in mortgage default. Credit is … More

    Obama On Cutting Red Tape: No We Can't

    For the past week or so, President Obama has been trying to jawbone banks into lending more in order to jump start the economy. He continued the push yesterday, meeting with a group of small community bankers to urge them to open up the spigots. Interestingly, he acknowledged that federal … More