Archive for September, 2011

“Overcoming the Stigma of Bankruptcy!”

Millions of hard-working Americans are filing bankruptcy every year.

In 2010 more than a million and a half individuals and families filed for bankruptcy — exceeded only in 2003 and 2005.

It’s predicted that bankruptcies could decrease in 2011 after returning to the pre-2005 levels the past two years. But, if the economy slows bankruptcies will climb. More than 3.7 million Americans have filed for bankruptcy in the last five years.

With so many Americans in financial trouble bankruptcy no longer carries the stigma it once did. The need to file bankruptcy has touched not only the poor, but a wide spectrum of Americans who are struggling to make ends meet.

When will the financial struggle for hard-working American’s end?

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Posted in Bankruptcy, Economy | Comments Off

“Bank of the Commonwealth Closes In Virginia”

Cantor’s state loses its second bank this year!

The Bank of the Commonwealth, Norfolk, Virginia was closed by the FDIC on Friday. It was only the second bank closed in Virginia this year and the 72nd bank closed in 2011.

But, the Virginia bank will cost the Deposit Insurance Fund (DIF) $268.3 million. And, the FDIC entered into a loss-share agreement with Southern Bank and Trust, the acquiring bank, of $798.2 million dollars.

Only 12 banks have been seized in August and so far in September, but there is one week left in the month.

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Posted in FDIC Foreclosures | Comments Off

“Financial Ruin: A Republican Legacy!”

The right continues to push U.S. into a deep financial abyss!

Holding Republicans responsible for the damage they’ve caused over the past three decades should be our first priority. And the damage is unprecedented.

The mid-term elections and the rise of the Tea Party has again changed the political landscape so it is even more imperative that the American people start paying attention to the reasons we’re in this incredible mess and why we’re sliding back into recession.

In the second article in the Republican Crises Series, “Financial Crisis: Made in America by Republicans,” eleven different events that have caused pain and suffering for the American people are listed.

Have Republican policies ruined America?

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Posted in Economy, HuffPost Articles, Politics, Republican Crises | Comments Off

Quick Hit “Warren Runs For Senate”

Elizabeth Warren will oppose Scott Brown in the Massachusetts Senate race.

Scott Brown will face a formidable foe in the 2012 election after winning Ted Kennedy’s Senate seat in a heated special election just one year ago.

The Harvard Law Professor, whose last gig was setting up the Consumer Financial Protection Bureau — the office established to protect consumers from the banksters — will soon represent ‘the people’ of Massachusetts. She announced her candidacy this morning after her exploratory committee determined she had the support to challenge Scott Brown.

Many of us believe Obama should have nominated Ms. Warren for the chairmanship of the new agency. But her confirmation was being blocked by the obstructionist Republicans in the Senate. They will not confirm anyone who will fight for ‘the people.’

The President should have fought for her appointment but caved under Republican pressure.

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Posted in Election 2012, Politics | Comments Off

“SuperCommittee? Or SuperFluous?”

Congressional leaders selected 12 members to the new Super Committee!

A committee of eleven men and one woman have been chosen to fix the deficit; a deficit that was set in motion 30 years ago.

They begin work this week, charged with the daunting task — given the current partisanship in Congress — of reversing the spiraling deficit. They already have many obstacles to overcome.

Others have introduced proposals to rein in congressional spending, but each has been rejected for varying reasons.

Can this group find success when others have failed?

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Posted in Budget, Economy, Election 2012, HuffPost Articles, Politics, Rebalancing America | Comments Off

“Float Like A Butterfly, Sting Like Ali”

Just posted on The Huffington Post, 8/5/11. Click on the link to read article on HuffPost.

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President Obama could learn a lot from The Greatest!

Thousands of people — liberals, independents, and now even some conservatives — are calling for this president to get tough. Americans who understand the problems in this country want him to take off the gloves and fulfill his promises.

The President is giving yet another speech on Thursday, this one about jobs and job creation. Without even hearing the speech, or knowing what the jobs program will be, many Republicans are already saying… Hell no!

With such intransegence how can the President get any responsible policies passed?

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Posted in Call to Action, Election 2012, HuffPost Articles, Obama, Politics | Comments Off