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Regal Plaza developers connected to apartment bankruptcies
The daily paper has an appalling story about tenants in several Tulsa apartment complexes going without central air conditioning because of the complexes' owner's bankruptcy, which is tied to the previous owner's default on mortgages and alleged non-disclosure of said default: In a subsequent lawsuit in the same court, RC...
Help voters understand "what just happened
If you'd like to help the rest of America see this ad -- on TV, not just the Internet -- so they can understand the role that Barack Obama and congressional Democrats played in the mortgage meltdown, please contribute to the American Issues Project Hat tip to Ace, who...
Bailout link dump, part 2
Did you know you can have over 100 tabs open in Firefox at once? When that happens, it's time to dump the links, topically if possible. Below you'll find links to some interesting, maybe useful perspective on the bailout and the financial crisis. Yesterday in the mail, I had three...
Coburn: "We are going to ignore the cancer."
Oklahoma Sen. Tom Coburn ate the "crap sandwich" (House Minority Leader John Boehner's phrase), but not without dispensing some strong medicine to his colleagues. As a practicing physician, I compare where we are today to a physician who commits malpractice. We have a patient with cancer. They have a secondary...
Jim DeMint on why he voted against the bailout
The senator from South Carolina and champion of fiscal conservatism had this to say during last night's debate on the bailout: We have seen this Government socialize our education system and make our schools among the worst in the world. We have seen this Government take over most of our...
Bailout link dump
Perspective worth reading on the mortgage crisis and the proposed bailout, going before the U. S. Senate today: Dave Ramsey's Common Sense Fix: Government insurance for mortgages in exchange for rolling back payments into current balance, fixing the rate, and canceling prepayment penalties; remove "mark to market" accounting for two...
The political origins of the mortgage crisis
Don Danz traces the roots of the current upheaval in the mortgage industry back to Jimmy Carter's Community Reinvestment Act ("it wasn't the worst piece of needless economic legislation the Democrats had ever hobbled the American people with but, rather, simply a foundation on which bad policy could be built"),...
State questions: 714 and 715
I've been meaning for a while to write about the numerous state questions on the ballot in Oklahoma this November. The state election board has the complete text (PDF) that will appear on the ballot. (You can see a brief analysis of all the state questions by the Oklahoma Council...
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