Few people are happy with the limbo in which Fannie Mae and Freddie Mac currently dwell. The Treasury placed the two government-sponsored entities that buy and guarantee the bulk of all mortgages issued in the United States into a conservatorship in 2008 after the collapse of the housing market, which decimated the value of the loans they held and rendered the two insolvent.Read more
A fascinating interview on CNBC with Alibaba chair Jack Ma, whose company will go public today in New York:Read more
President Obama is scheduled to address the nation this evening to discuss destroying the terrorist army of ISIS. But before hitting the airwaves, he's asking Democratic donors to "chip in $10 or more right now to help elect Democrats."
He made the ask in an email to supporters of the Democratic party.
"There are just 55 days left in this election, Daniel," writes Obama in the email.Read more
The Department of Health and Human Services announces another $60 million for Obamacare navigators, a press release from that federal bureaucracy states.
"The Affordable Care Act is working for millions of Americans who are able to access quality health coverage at a price they can afford, in large part because of the efforts of in-person assisters in local communities across the nation. People shopping for and enrolling in coverage through the Health Insurance Marketplace can get local help in a number of ways, including through Navigators," reads the release.Read more
President Obama is spending today attending three fundraiser (two in New York and one in Rhode Island). And the White House doesn't seem to care what others might think of the president's use of time.
For example, this exchange with Ed Henry and spokesman Josh Earnest from today's White House press briefing:Read more
The federal government issued sixty contracts from 2009 to 2014 in efforts to build Healthcare.gov, the federal insurance marketplace.Read more
Bank of America likes to top rival J.P. Morgan Chase in as many ways as possible. Except one. The $16-to-$17 billion check it is about to write to cover the fine for sins committed before the financial crisis tops the previous record of $13 billion paid by J.P. Morgan Chase just nine months ago. Add fines paid by Bank of America in connection with other activities, and the total take from the bank’s shareholders easily tops $22 billion. That’s certainly is real money, but not so much as to prevent Bank of America from raising its dividend last week.Read more
Washington needs more money and if it doesn’t get it, your morning commute will become:
a) more expensiveRead more
Former President Bill Clinton insists he and his wife, Hillary Clinton, are not out of touch. The examples he cites? They talk to people at their "local grocery store on the weekend" and, he adds, they "talk to people in [their] town."Read more
Hillary Clinton will be getting $225,000 to speak at a university fundraiser later this year. Students at the same school, the University of Nevada, Las Vegas, have recently been outraged that the institution is raising tuition by a staggering 17 percent.Read more
Senate majority leader Harry Reid claims that one side--the Democrats--doesn't "have any" billionaire backers:
"The decisions by the Supreme Court have left the American people with the status quo in which one side's billionaires are pitted against the other side's billionaires," he said this morning on the Senate floor. "Except one side doesn't have any billionaires."Read more
Nancy Pelosi is fundraising to amend the Constitution of the United States.
"You might miss out on history," she writes in an email sent out on the Mother Jones email list.
"931,561 people and counting have added their name calling for a Constitutional amendment to end Citizens United.Read more
Vice President Joe Biden is not making too much money off his book Promises to Keep: On Life and Politics. Last year, in fact, he made less than $201 in royalties from his book publisher, according to just-released disclosure forms.
Here's the disclosure form, which has been "reviewed and certified by ethics officials," according to the White House:
Biden's book was published in 2007 by Random House.Read more
Next month former prosecutor Andrew McCarthy will publish his book Faithless Execution: Building the Political Case for Obama’s Impeachment. And already the Democratic party is trying to raise money off the title.Read more
What we usually hear about when the subject is climate change is stuff meant to scare you out of your socks. Rising oceans, violent storms, draughts, famines, plagues of locusts … and so forth. The implied alternative is austerity so severe – no cars, rationed electricity, smaller houses, once-a-week cold showers, etc.Read more
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