Hints and tips:
...Today, the National Flood Insurance Program is about $20bn in debt....
...“We completely revolutionised how financing was raised, whether it was by companies, homeowners, governments, everything really,” says Fink....
...During 2017’s Hurricane Harvey that hit Texas and Louisiana, 70 per cent of the estimated $125bn in damage was uninsured....
...Prospective homeowners, they stay in the chic casitas temporarily erected on the beach where blond sea grasses give way to soft sand....
...Patrick Minford: Interest rates will need to rise to 5 per cent or close, which will restore control....
...The deal offers jobs for millions to restore US infrastructure, extends universal healthcare and proposes switching to local community-led renewable energy systems with the aim of reaching 100 per cent renewable...
...Unlike the area of southern Texas and Louisiana that was hit by Harvey, Florida is sparsely populated by oil and gas infrastructure. It does not have a single oil refinery, for example....
...And those of us who care deeply about programs like Medicare must embrace the need for modest reforms – otherwise, our retirement programs will crowd out the investments we need for our children, and jeopardise...
...And I want to cut through the maze of confusing training programs, so that from now on, people like Jackie have one program, one website, and one place to go for all the information and help they need....
...The Federal Reserve was massively expanding its balance sheet to help restore liquidity to the system....
...These application volumes indicate the desire of homeowners to take advantage of the Administration’s program....
...This year, we will step up re-financing so that homeowners can move into more affordable mortgages....
...Estimates indicate that up to 3 to 4 million homeowners will be offered trial loan modifications under the Administration’s program....
...To get credit flowing again, to restore confidence in our markets, and restore the faith of the American people, we are fundamentally reshaping the government’s program to repair the financial system....
...We are seeing the impact on homeowners and neighborhoods, with 5 million homeowners now delinquent or in foreclosure....
...We will end education programs that don’t work, and root out waste, fraud, and abuse in our Medicare program....
...Through a series of lending programs, and in coordination with steps taken by the Treasury, the Federal Reserve helped restore confidence in both money market mutual funds and the commercial paper market...
...Nine large financial institutions have already agreed to participate in this program....
...Treasury is implementing its new authorities with one simple goal - to restore capital flows to the consumers and businesses that form the core of our economy....
...The industry is now helping 200,000 homeowners a month avoid foreclosure....
...This troubled asset purchase program on its own is the single most effective thing we can do to help homeowners, the American people and stimulate our economy....
...If EESA is effective in easing homeowners’ mortgage load, then auto manufacturers could benefit through a stabilization of auto sales, which have plummeted this year....
...All of those scrimping, two-job, rehab-graduate homeowners can now send their monthly cheques to Vulture Partners LLC....
...It’s about confidence – who can help restore faith in the economy. And it’s about leadership – who can provide optimism....
...But we can do so only if we restore confidence in our markets. Only if we rebuild trust between investors and lenders....
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