Excerpts can skew the impression of a person’s overall concept, but I find this video interesting considering it happened in 2004, just before the biggest real estate bubble ever seen.

“We believe that it is essential to utilize this authority to accelerate the pace of loan modifications in order to halt and reverse the rising tide of foreclosures that is imperiling the economy,” Federal Deposit Insurance Corp Chairman Sheila Bair said in prepared remarks to be delivered to the House Financial Services Committee. from Reuters
FDIC [...]

Bloomberg reports Barack Obama has two leading candidates for Treasury secretary:
Barack Obama’s top priority will be appointing a Treasury secretary and White House chief of staff. The leading candidates: two Clinton administration stalwarts, Lawrence Summers and Representative Rahm Emanuel.
ABC News, citing an unnamed source, said today that Obama offered the job to Emanuel and [...]

As I was looking through the news, I saw plans being proposed by both Obama and McCain that would lead America back from the brink of the abyss and solve the problem of people who bought homes they couldn’t afford.  So, time to do a post, right?
Michelle Malkin beat me to it. McCain wants to [...]

Copied in whole from Calculated Risk.
The bailout bill has a number of unrelated provisions. This one caught my eye earlier today: SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
Bloomberg has the details: Bailout Bull’s-Eye for Kids’ Arrow-Makers’ Tax Break
Senators attached a provision repealing a 39-cent excise tax on [...]