On April 5, the Obama administration launched a new program aimed at ‘helping’ underwater homeowners avoid foreclosure. The program is called HAFA (Home Affordable Foreclosure Alternative), and unlike its predecessors, its stated mission is not to ‘save’ the family home but to grant homeowners already in default what it calls a “graceful exit” via [...]
Apr
14
2010
14
2010
Feb
7
2010
7
2010
Ben Bernanke As A Contrary Indicator?
One of Tarblog’s first posts was a brief expose titled “Economists Make Lousy Fortune Tellers .” The video below, from Youtube, is a montage of Bernanke interviews from CNBC, as well as his testimony before the Senate. I think it’s fair to say that the Fed should now be used as a contrary indicator of economic [...]