Housing

Former President George W. Bush is personally responsible for the current financial crisis and should give every penny of his family fortune to the American people as a result.So proclaimed financial advisor Suze Orman in an article published Friday at WWD.  Ironically, the piece also pointed out that Orman didn't foresee the collapse of the financial services industry, and not only continued to…

There seems to be a wall of silence surrounding the sudden withdrawal of H. Rodgin Cohen (pictured at right) from consideration for the Number 2 job at the Treasury Department. The party line, according to ABC's This Week host and former Clinton administration adviser George Stephanopoulos, is that "an issue arose in the final stages of the vetting process." David Cho at the Washington Post…

Coverage of "tea party" protests in various cities around the country (this March 4 Pajamas Media press release, HT to FreeRepublic, cited 22 locations on February 27 and seven this weekend) has been sparse to non-existent, especially at major establishment media outlets. Most notably, based on a seach on "tea party" (not in quotes) at its ap.org home page at about 10:00 a.m., there has been no…

Maybe it was just too easy to assume the worst of the news network most others in the press love to hate. Or perhaps it was deliberate.Whatever the reason, the Agence France-Presse (AFP) wire service's Wednesday story about reaction to Barack Obama's sort-of State of the Union Speech the previous evening spent four of its last five paragraphs pinning a report harshly critical of various claims in…

Tuesday's "Good Morning America" ignored the liberal leanings of a Florida attorney who is instructing people on how to stall home foreclosures. In the segment, reporter Jim Avila showcased individuals who have drawn out the process by demanding that banks produce the original note to their home (which has often been sold in loan packages that are then traded on Wall Street). At no time did he…

Advantage Rick Santelli -- and Larry Kudlow. CNBC reporter Santelli's Thursday morning "Shout Heard Round the World" (CNBC's term) objecting to the Obama administration's mortgage modification program on the floor of the Chicago Mercantile Exchange quickly went viral, and struck two nerves. First, it ignited a groundswell of support from the over 90% of the of the nation that pays its bills and…

Will wonders ever cease? First, a NBC network airs its Chicago Mercantile Exchange floor reporter making a call to action against all the populism that has inundated the political dialogue over the past six months. Now, the same reporter, Rick Santelli, has been invited by White House Press Secretary Robert Gibbs to the White House. On CNBC's "Street Signs" Feb. 20, Santelli told viewers he…

On Friday’s Newsroom program, CNN anchor Heidi Collins failed to mention ACORN’s role in sponsoring a rally against foreclosures in an Oakland, California neighborhood. During her brief, video clips from the protest clearly showed the presence of the group’s signs, name, and logo.Collins characterized the rally as “[a]nger over the foreclosure crisis pouring out into the streets of Oakland,…

Rick Sentelli's rant for the ages (transcript here) on CNBC's Squawk Box yesterday criticizing the recently passed stimulus package and the Obama administration's mortgage modification program was marred somewhat by the studio hosts. Though their tone was semi-humorous, it's telling that their instincts were to characterize the traders present at the Chicago Mercantile Exchange as a "mob," and to…

Before today, CNBC "Mad Money" host Jim Cramer was known for his outlandish statements and crazed antics that would land him in the public spotlight. However, Cramer got one-upped today by CNBC's Rick Santelli, calling for something like a "Chicago Tea Party" revolt against the redistributionism that is plaguing our federal government. Cramer, in his "Stop Trading" segment on CNBC's "Street…

Wow. Rick Santelli of CNBC (picture at right is from his bio page) let the elitists running what is turning into a planned economy in Washington have it today with a rant for the ages.The direct CNBC link is here, while a YouTube is here. Allah at Hot Air has an embed. What's really revolting about this is the studio reaction. While it's maybe half-kidding at times, the fact that strong…

It's been called "the rant heard around the world," after The Drudge Report linked to the video with a screaming red headline. However Rick Santelli may have given CNBC viewers a preview of what effects Obamanomics will have on the populace. On CNBC's "Squawk Box" Feb. 19, the Chicago Mercantile Exchange floor reporter, along with several traders, expressed his outrage about President Barack…

So where did the Cleveland Plain Dealer's Sabrina Eaton go for opinions on what Michelle Malkin earlier today called "the massive mortgage entitlement campaign launched by President Barack Obama"? Why, they went to "housing experts," of course. But the people she quoted aren't builders, realtors, mortgage lenders, mortgage brokers, or economists. Nor, based on the area's results, are they experts…

On Tuesday’s CBS Evening News, correspondent Chip Reid described Barack Obama’s signing of the massive "stimulus" spending bill into law: "After a mere four weeks in office, the President today signed what he called ‘the most sweeping economic recovery plan in American history’...A new law that he described as a new beginning...In Missouri, the reaction was instantaneous. As the bill was signed,…