Mortgage Refi ‘Hype’ Overstates Talks, Ginnie’s Tozer Says. Speculation that U.S. policy makers will loosen refinancing rules for government-backed mortgages to aid the economy is “getting way ahead of itself,” Ginnie Mae President Ted Tozer said.
“It’s really disconcerting to hear all this hype that something is imminent and that that’s something the markets are trading off,” said Tozer, whose government-owned corporation guarantees more than $1 trillion of mortgage-backed securities. President Barack Obama’s administration is taking into account the potential “repercussions,” as officials consider ways to aid consumers by stoking refinancing of debt insured by Fannie Mae, Freddie Mac or the Federal Housing Administration, Tozer said, based on discussions he’s had with them. The speculation is “getting way ahead of itself, because at this point, it’s all just research,” he said yesterday during an interview at Bloomberg News headquarters in New York. ‘Thoughtful People’ Limited Tweaks Delinquent Borrowers. 5 Places To Save Cash Other Than US Money Markets, Treasurys. Too Good, Too Smart, Too Able for Wall Street Approval. Statement by Ralph Nader on the rejection of Elizabeth Warren by President Barack Obama to be the Director of the new Consumer Financial Regulatory Bureau.
To dump Elizabeth Warren, the most qualified, most motivated and most articulate candidate for the directorship of the Consumer Financial Regulatory Bureau is an act of political cowardliness by President Obama and a boon to anti-consumer Republicans and their corporate paymasters in Wall Street. Elizabeth Warren apparently is just too good, too smart, and too able to arouse the just concerns of millions of American families about the need to put the law-and-order wood to the corporate criminals, defrauders and reckless speculators with the savings and pensions of millions of Americans. President Obama should realize that his back-of-the-hand attitude to his liberal and progressive supporters – who sent him to the White House – can have consequences.
He believes they have no where to go. But they do. Obama Snubs Elizabeth Warren. Barack Obama finally named his nominee to head the new Consumer Financial Protection Bureau.
And his name isn’t Elizabeth Warren The White House press office on Sunday announced that the president had chosen Richard Cordray, the former attorney general of Ohio to head his new agency, and not Elizabeth Warren who had proved controversial for championing the rights of consumers over bankers. The White House press office on Sunday announced that the president had chosen Richard Cordray, the former attorney general of Ohio to head his new agency, created when he signed the sweeping Dodd-Frank financial reform package into law last July.
The move will likely hurt the president’s relationships with those who wanted him to push for Warren, a plain-spoken consumer champion who first proposed the new bureau. The president pleased his left flank last summer when he appointed Warren to create this new bureau—but he stopped short of nominating her as its permanent director. Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011 Ron Paul Says Raising Debt Limit `Negative' in Long Term The decline of agriculture? - Features. Wendy Johnston with Oakwyn Farms in Athens, West Virginia, is deeply concerned about how shifting weather patterns are impacting farmers' ability to feed the global population.
"This year we're off to a slow start," Johnston, who farms 40 hectares, told Al Jazeera. "Last year in April we were able to plant, but this year we even had rain, cold and snow a few days in April. The weather has become very unpredictable, and that's the real problem. " Climate change is making farming more difficult for her, and she wonders how much worse things will become. On March 31, The Food and Agriculture Organisation (FAO) warned of "potentially catastrophic" impacts on food production from slow-onset climate changes that are expected to increasingly hit the developing world. The report filed with the United Nations Framework Convention on Climate Change, warned that food production systems and the ecosystems they depend on are highly sensitive to climate variability and change. Soil in peril. The new African land grab. The "town" chief of the village seemed to be in a state of shock.
Sitting on the front porch of his mud and thatch home in Pujehun District in southern Sierra Leone, he struggled to find words that could explain how he had signed away the land that sustained his family and his community. He said he was coerced by his Paramount Chief, told that whether he agreed, or not, his land would still be taken and his small oil palm stand destroyed. He didn't know the name of the foreign investor nor did he know that it planned to lease up to 35,000 hectares of farmland in the area to establish massive oil palm and rubber plantations. Haltingly, he said that without his land, he might as well take his leave of the village. By that he meant that he was as good as dead. They argue that land grabs are throwing millions of farming families and indigenous peoples off their land.
Corruption and profit Not in Africa to help.