When there’s no one left in the middle class to rape, guess you have to move up the ladder…

Obama’s mortgage freebies:  No-money-down mortgages are back

By AnnaMaria Andriotis, WSJ Market Watch

Mortgage Contract pic

Some affluent buyers are getting the keys to their new home without putting a penny down.

It’s 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They’re almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral—the house and a portion of the client’s investment portfolio in lieu of a traditional cash down payment….  Continue reading

Congressional Representatives’ Conflict of Interest in Regulating Wall Street

The Most Popular Stock in  Congress

“One-fifth of the members of Congress own this company’s stock, making it the most popular investment among members of the House and Senate.

A) Apple (Nasdaq: AAPL)

B) Bank of America (NYSE: BOA) Continue reading