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Barack Obama

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  • Foreclosed Home

    I’d like to know when exactly, on what day in particular as the housing market crashed down around us, that everyone decided the real estate investor was the villain?

  • Fratto: Chicken Soup For The Housing Soul Thursday, 19 Feb 2009 | 8:51 AM ET

    left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse The "cure" for the housing virus is so far outside the bounds of our political and economic sensibilities that we can take it off the table. A real cure would require spending nearly an order of magnitude more than what was announced yesterday, and it would involve bailing out the very worst actors in this drama.

  • People Fear Losing Job the Most: Poll Thursday, 19 Feb 2009 | 6:38 AM ET

    As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their retirement accounts shrink, according to an Associated Press-GfK poll.

  • Why’s This Market So Confusing? Wednesday, 18 Feb 2009 | 8:40 PM ET

    Wall Street talking heads got you baffled? Cramer debunks 10 myths to help you separate fact from fiction.

  • Will Obama's Housing Plan Work? Wednesday, 18 Feb 2009 | 5:34 PM ET

    On Wednesday the White House unveiled its new plan to help homeowners on the brink. We’ve got the details – now will it work?

  • Stocks End Flat; Big Banks Slide Wednesday, 18 Feb 2009 | 4:49 PM ET

    Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.

  • Housing Plan Helps Homeowners and Banks: Dimon Wednesday, 18 Feb 2009 | 3:45 PM ET

    The Obama administration's housing plans help struggling homeowners and provide incentives to loan servicers to rewrite mortgages, JP Morgan Chase CEO Jamie Dimon said.

  • Who Will Truly Benefit From The President's Housing Plan? Wednesday, 18 Feb 2009 | 3:36 PM ET

    The Obama housing plan is aimed at “rescuing families who played by the rules and acted responsibly…it will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans.” Well here’s the problem: the rules have changed.

  • See What People Are Saying About... Obama's Housing Plan Wednesday, 18 Feb 2009 | 12:50 PM ET

    President Barack Obama on Wednesday pledged up to $275 billion to help stem a wave of home foreclosures that sparked the U.S. financial meltdown...

  • Bank Nationalization: No Longer A Dirty Word Wednesday, 18 Feb 2009 | 12:45 PM ET

    As the situation has become more dire, and as bank stocks again swoon as regulators are descending upon the banks to begin collecting data for Treasury's "stress test," the word "nationalization" is being heard on the Street as a legitimate alternative to the plans that have been floated. It’s a sign of how worried—desperate—the Street has become.

  • Housing Plan: A Break For Those Who Least Deserve It Wednesday, 18 Feb 2009 | 11:24 AM ET

    The new Obama housing plan is going to give a break to those who least deserve it: people who bought more house than they can afford. It will reward those who made all the wrong decisions.

  • We found out today that Obama's new housing plan is not only catered to those in danger of foreclosure, but also to millions of homeowners who did things right.

  • GM's Next Move Will Be The Toughest Wednesday, 18 Feb 2009 | 10:39 AM ET
    General Motors Headquarters

    Yes, the numbers are staggering. Anytime a company says it may need up to another $16.5 Billion to fix its business, there's no way to sugar coat it.

  • Obama's First 100 Days: What He's Done So Far Wednesday, 18 Feb 2009 | 9:51 AM ET

    President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.

  • Futures Point Higher After Selloff Wednesday, 18 Feb 2009 | 9:02 AM ET

    Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.

  • Obama Plan Seeks to Save Millions from Foreclosure Wednesday, 18 Feb 2009 | 7:31 AM ET
    Foreclosed California home

    His massive stimulus plan now signed into law, President Barack Obama is turning to attack the home foreclosure crisis at the heart of the nation's deepening economic woes.

  • Trading Today: Anxiety But No Panic Tuesday, 17 Feb 2009 | 4:18 PM ET

    We have seen these days often in the past month. Stocks start lower on heavy volume (it looked like we might do 2 billion shares at the NYSE at the open), but very quickly the selling pressure eased, and an old-fashioned buyers strike ensued.

  • Busch: Obama's Missed "Oomph" Tuesday, 17 Feb 2009 | 12:55 PM ET
    Andrew Busch

    Today's signing of the stimulus plan signals that grandiose has won the day versus common sense experience, says Andrew Busch.

  • Obama Plan on Housing Said to Push on Lenders Tuesday, 17 Feb 2009 | 9:44 AM ET
    Barack Obama

    President Obama’s plan to reduce the flood of home foreclosures will include a mix of government inducements and new pressure on lenders to reduce monthly payments for borrowers at risk of losing their houses, reports the New York Times.

  • Now Boarding: The Flight To Safety Tuesday, 17 Feb 2009 | 9:27 AM ET

    Futures are down in the U.S., European banks are weak in Europe, bonds are up, and gold and other precious metals are rallying; gold at $966 this morning is continuing its slow march to $1,000 an ounce. It briefly climbed over $1,000 in March of 2008