Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC’s Rick Santelli ‘The government is promoting bad behavior… do we really want to subsidize the losers’ mortgages… This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama are you listening? How about we all stop paying our mortgage! It’s a moral hazard’… … Obama Chicago Board of trade rick santelli roney ross subsidize Tea Party mortgage Federal Reserve economy stimulus bail out socialism new …
5.05.09: Ellison speaks out in favor The Mortgage Reform and Anti-Predatory Lending Act of 2009
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Phil Gramm, who now is the No. 2 at the Swiss bank UBS, told The Washington Times the US has benefited from globalization but most Americans are misguided by constant reports that the economy is at its worst in 30 years. “You’ve heard of mental depression; this is a mental recession,” Gramm, a former Texas senator, told the newspaper, adding that the presumptive Republican nominee will face an uphill battle fighting those perceptions. “We have sort of become a nation of whiners,” he said …
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