Prez Obama Slaps Down Big Banks For Shady Home Foreclosure Bill

Obama catches last minute sleaze Republicans and Big Banks tacked on into new bill to cheat homeowners of their consumer protection rights while in foreclosure.

From Denny:  Leave it up to the Republicans to sleaze the public and try and slide yet another scumbag piece of legislation past the public and the President.  Fortunately, the White House caught it in time.  As it was, none of the Democrats in the House or the Senate realized they had been sleazed by the Republicans with a last minute tacked amendment they didn't know they were about to vote into law.  They thought the law stood as agreed with no changes yet they got snookered by the Republicans and their handlers yet again.

Obama Investigates: Big Banks Screw Up Home Foreclosures

Learn how the Big Banks just screwed themselves out of all their profits.

From Denny: Who really feels sorry for the greedy Big Banks who have repeatedly raped the wallets of the American public? Awww, everyone all together now in unison, "Can you hear me now???"


Big Bank Bailouts 

Months ago, with the public loudly complaining, Big Banks took big bailouts and pluncked them down on to their profit lines instead of turning around to stimulate the economy by putting the monies out into small loans for the middle class. In short, money has dried up for development - big or small construction projects and homes, and small businesses are dying for lack of funding. Getting financed on a home loan is virtually impossible. It will be months, maybe as long as a year, before small businesses can tap into the new small business loans the Democrats managed to pass in Congress recently. Until then it's anyone's guess how many small businesses will bite the dust.

Good Move, Mr. Prez: Safeguarding The Gulf on Oil Production

Today the President took new measures to watch dog the oil and gas industry, increasing the safety of our environment.



Photo of oil and gas explosion in Gulf of Mexico on 2 Sept 2010

New order issued to oil and gas industry to clean up the Gulf

From Denny: Today the President informed the oil and gas companies it was time to get their proverbial act together. They have been ordered to plug those non-producing wells to the tune of about 3,500. The administration also told the energy companies to immediately dismantle almost 650 production platforms that are not in use in the Gulf of Mexico.

Interior Secretary Ken Salazar said, "This should make energy production in the Gulf safer and prevent potentially catastrophic leaks at wells that, in some cases, have been abandoned for decades." (*** See: 27, 000 Aging Abandoned Leaking Oil Wells in Gulf of Mexico)

Apparently, administration officials like Michael Bromwich, Director of the Bureau of Ocean Energy Management, are claiming "This initiative was under consideration long before the Deepwater Horizon explosion."