Thursday, 06 January 2011 09:24
'As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosures and escape predatory home loans with onerous terms.
The Fed's proposal to amend a 42-year-old provision of the federal Truth in Lending Act has angered labor, civil rights and consumer advocacy groups along with a slew of foreclosure defense attorneys. They're not only asking the Fed to withdraw the proposal, they also want any future changes to the law to be handled by the new Consumer Financial Protection Bureau, which begins its work next year.'
Read more: Federal Reserve Works to Strip a Key Mortgage Protection for Homeowners - Rescission
Thursday, 06 January 2011 09:20
'The U.N.'s decision this week to investigate whether some of its climate change research had been manipulated constitutes a "direct rebuke" of the Obama administration, Rep. Darrell Issa (R-Calif.) said Friday.
The White House's unwillingness to open a similar inquiry could now only be characterized as "a sad abdication of their responsibility to ensure that U.S. policies are not driven by corrupted science and data," the congressman added.'
Read more: Rep. Issa: Obama's Refusal to Investigate 'Climategate' Emails is 'Unconscionable'
Thursday, 06 January 2011 09:10
'Legislators in at least ten states have introduced bills in the past few years to allow state commerce to be conducted with gold and silver. As we reported, Georgia state Rep. Bobby Franklin (R) recently reintroduced legislation to force his state to conduct all monetary transactions with U.S. gold or silver coins -- including the payment of taxes.'
Read more: At Least 10 States Have Introduced Gold Coins-As-Currency Bills
Posts
