Bernanke gets his "pink slip"
By Mike Whitney
Rather than push for more fiscal “pump priming” so households can continue to pay-down debts and rebuild their savings, the Fed chair is planning to flood emerging markets with hot money, increasing currency volatility and forcing trade partners to clamp down on capital controls so they don't drown in the surge of greenbacks fleeing the US. Continue
Nouriel Roubini: U.S. On Track For A 'Fiscal Train Wreck': The U.S. economy is a "fiscal train wreck" waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday
Unemployment Offices To Add Armed Guards: The agency is merely being cautious with the approach of an early-December deadline when thousands of Indiana residents could see their unemployment benefits end after exhausting the maximum 99 weeks provided through multiple federal extension periods.
Idaho officials poised to cut $8 million in Medicaid services to mentally ill and disabled: News of the cuts have angered advocacy groups and organizations that provide services for hundreds of mentally ill and developmentally disabled clients who will be affected by the rules.
Q3 foreclosures up in 65% of country: Cities in California, Florida, Nevada and Arizona once again accounted for all top 10 foreclosure rates in the third quarter among metropolitan areas with a population of 200,000 or more, according to a report from RealtyTrac Inc.
Sin City is still foreclosure central - RealtyTrac: One out of every 25 housing units -- more than 32,000 homes -- attracted some kind of foreclosure filing, including notices of default, auction notices and repossessions.
Foreclosures: More Evidence of Bogus Paperwork: America's foreclosure crisis is spreading far from the states like Florida and California where it began. In the Seattle area foreclosures are up 71 percent this year.
Wells Fargo Owns Up to Finding Errors in 55,000 Foreclosure Affidavits: Wells Fargo says it has identified instances where employees did not “strictly adhere” to the required legal procedures in conducting final reviews of the affidavits. The bank also says “some aspects of the notarization process” were not properly executed.
I was a robo-signer: It only took him a second to sign each foreclosure document. That's how good Tam Doan got at his job in Bank of America's pre-sale foreclosure department in Southern California.
With Millions of Foreclosures on Horizon, Should States Mandate Mods?: According to the Center for Responsible Lending, since the housing crisis took hold, 2.5 million homeowners have already lost their homes and another 5.7 million are at risk of foreclosure. It's projected that between 10 and 13 million foreclosures will have occurred by the time this crisis abate
Homeowners Get The Boot For Bad Paperwork While Banks Get Millions For Same: Mortgage companies enrolled in the Obama administration's signature foreclosure-prevention initiative may be receiving taxpayer funds despite not having a legal right to the home or to the mortgage, a top Treasury Department official revealed.
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