Low-income residents in CT seek fed payments for losses in Tropical Storm Irene

From courant:

Long lines formed early Monday at state Department of Social Services field offices, as low-income residents sought one-time payments for losses they had in Tropical Storm Irene.

By mid-morning Monday, hundreds of people were on line at the office on North Main Street, adjacent to the Connecticut Works center, snaking far outside the building. The office is one of 12 statewide where state officials are [...]

Japanese non-profit says more than 1,100 children lost parents in the March 11 earthquake, tsunami – NHK

A Japanese non-profit group says over 1,100 young people lost parents in the March 11th earthquake and tsunami in northeastern Japan.

The scholarship organization Ashinaga says that as of Monday, 1,101 people had applied for one-time payments from its fund for disaster orphans.

The number is nearly twice that for similar payments after the 1995 Great Hanshin Earthquake in western Japan.

Of the latest applicants, 75 lost both parents, 632 [...]

Lawsuits are piling up claiming banks have breached the terms of mortgage modifications, foreclosing on homeowners who are current on modified payments or abruptly ending trial mortgage mods despite on-time payments.

by MarketGuy

Banks deny wrongdoing, but Treasury stats show only one-third of the nearly 1.4M homeowners accepted into HAMP in the past year have had their reductions made permanent.

TBTF has gone from a “term” to a “culture”. One that line was crossed, the rule of law, ethics, and morals went belly up.

CNBC:

Grocery store owners William and Esperanza Casco were making enough money to stay current on [...]

A democratic controlled congress (both houses) and Obama

I believe we had a democratic controlled congress (both houses) from the 2006 elections. And the 2008 elections gave us both a democratic controlled congress (both houses) and Obama. The time for blaming Bush is over, unless you will also blame Carter and his congress for the laws that forced the “problem” lending practices, and Clinton and his congress for the laws that forced banks to lend based on the [...]