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Housing News: From ABN AMRO to the Gulf Coast


I keep trying to come up with a funny counterpoint to "ABN AMRO," but it's just not happening. You'd think something like that would be begging to made fun of.

Anyway, here's an interesting column from the the National Mortgage News that discusses ABN AMRO a bit more. The upshot of Muolo's column is that HUD lacks the experienced field agents and advisors to get out there and investigate fraudulent claims. I'd love to find some statistics for HUD and FHA's hiring and firing circa, oh, say, 2000, and see if it compares with the increase in housing sales due to low- or no-document loans.

COULD IT BEEEE....SATAN?????

Another challenge to Kelo vs. New London, this time in Denver. I find it fascinating that the Court would pass a law like Kelo, and yet contain an injunction saying that states can block it at their leisure. Another example of how checks and balances are supposed to work, something I think Samuel Alito would do well to keep in mind.

Here's some more about what the prime mover, Colorado Citizens for Property Rights, is up to in this struggle. If you look a bit more closely at the Free Colorado site, they're all up in libertarianism. Hard to tell, actually. :)

FreeColorado also has this absolutely heartbreaking essay about conditions in the Gulf Coast. I think people are so desperate to forget the enormity of the tragedy--and the media is only too willing to assist them--that they're pushing any news that isn't good square out of their minds. But you can't do that. These are real people, with real lives, who are really suffering. You need to pay attention and not forget how terrible it is down there.

Here's another story about the invisible coast. You need to have this burned in your mind and find some way--any way--to contribute. Even if you can give Just One Book, it's a start.

Posted at January 9, 2006 08:24 PM

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