Federal Reserve will keep interest rates at historic low until unemployment rate drops to 6.5%

Wednesday, December 12, 2012

Citing the slow pace of jobs growth, Federal Reserve Chairman Ben Bernanke today announced that interest rates will be kept at a historic low until the unemployment rate…

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Transcript: Remarks by Federal Reserve Chairman Ben Bernanke on Dec. 12, 2012

Wednesday, December 12, 2012

Edited by Jenny Jiang Transcript of remarks by Federal Reserve Chairman Ben Bernanke at a press briefing on Dec. 12, 2012:

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Bernanke blames tight credit for hindering U.S. economic recovery

Wednesday, November 28, 2012
Federal Reserve Chairman Ben Bernanke. SOURCE: Federal Reserve via Twitter

Federal Reserve Chairman Ben Bernanke blamed excessively tight credit conditions imposed by banks and mortgage lenders for hindering the U.S. economic recovery.

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Bernanke: Housing crash erased nearly all minority & low-income homeownership gains

Monday, November 26, 2012
Federal Reserve Chairman Ben Bernanke SOURCE: OperationHope.org

The recent housing crash has wiped out nearly all of the homeownership gains made by minorities and low-income Americans since the mid-1990s, according to Federal Reserve Chairman Ben…

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Warren Buffett argues for minimum tax on the “ultra rich”, debunks GOP’s myth on capital gains

Monday, November 26, 2012
WTF Warren Buffett taxes 11.26.12

In a New York Times editorial, billionaire investor Warren Buffett argued that a minimum tax should be impose on high-income earners to restore fairness to the nation’s tax…

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Transcript: Remarks by Federal Reserve Chairman Ben Bernanke on Sept. 13, 2012

Saturday, September 15, 2012

Edited by Jenny Jiang Transcript of remarks by Federal Reserve Chairman Ben Bernanke on Sept. 13, 2012:

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Republican National Convention 2012: Platform Committee voted against preserving the mortgage interest tax deduction

Monday, August 27, 2012
Republican National Convention 2012: Platform Committee's vote on the mortgage interest tax deduction on Aug. 20, 2012. SOURCE: C-Span.org

ANALYSIS:   The Republican’s platform committee last week voted against preserving the home mortgage interest tax deduction, sticking to the GOP’s hardline flat tax agenda and free market…

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FHFA chief blocks Fannie Mae & Freddie Mac from granting principal reductions

Wednesday, August 1, 2012
WTF FHFA principal reduction hp 4.11.12

Fannie Mae and Freddie Mac will not be allowed to grant principal reductions to help ‘underwater’ homeowners avoid foreclosure, the Federal Housing Finance Agency announced yesterday. 

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3 reasons why the FHFA opposes mortgage principal reduction

Friday, April 13, 2012
WTF FHFA principal reduction 3 reasons hp 4.13.12

Since assuming conservatorship in 2008, the Federal Housing Finance Agency has steadfastly refused to allow Fannie Mae and Freddie Mac to reduce mortgage principals for delinquent underwater homeowners. 

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Fannie Mae & Freddie Mac considering mortgage principal reductions

Wednesday, April 11, 2012
WTF FHFA principal reduction hp 4.11.12

Mortgage giants Fannie Mae and Freddie Mac are considering reducing loan principals for distressed homeowners who owe more than what their homes are worth.

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