AP Reports, “Rising unemployment accelerates foreclosure crisis”, Economy continues downward spiral. Credit Default Rates Up.

WASHINGTON – Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration’s efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor. In past recessions, the housing industry helped get the economy back on track. Home builders ramped up production, expecting buyers to take advantage of lower prices [...]

Despite 90 Day Mortgage Moratorium in 2009 – Foreclosures Up 15%

Foreclosures rise 15 percent in first half of 2009 Foreclosures keep soaring as unemployment becomes main cause of housing woes WASHINGTON (AP) — The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were [...]

Obama Administration Fudging The Unemployment Count 07/15/09 – 522,000 or 667,000 – Why is the Government Underreporting by 20%?

WASHINGTON – The number of newly laid-off Americans signing up for unemployment benefits last week, and those using this safety net over a longer period, both plunged. But the government figures released Thursday were clouded by difficulties adjusting for temporary shutdowns at auto plants. READ “The reported numbers plunged” the real numbers, the count of [...]

British Commodity Trading Firm Admits Manipulation Of International Oil Prices

Oil brokerage PVM names rogue trader behind oil spike By David Sheppard David Sheppard – Fri Jul 3, 8:40 am ET LONDON (Reuters) – PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm’s London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly [...]

The Crisis In Honduras – The Timeline March 23, 2009 to July 3, 2009

The following was taken from Real Clear Politics … follow the links to read the full stories. July 3, 2009 Wrong Again By Oliver North WASHINGTON — It took the Obama administration eight days to figure out whether Iranians being gunned down for protesting a fraudulent election and demanding basic civil liberties deserved to be [...]