Stephanie Tomlin
United States
Member Since 2.25.2009
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    Obama speech to Congress focuses on economy
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    from%20cnn.com
    %3Cp%3EFrom%20CNN%20--%20%20A%20transcript%20of%20President%20Obama%27s%20speech%20to%20Congress%20that%20focuses%20on%20the%20economy.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BAmerican%20people%20expect%20us%20to%20build%20common%20ground.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%3C%2Fp%3E%0A
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  • Fannie Mae and the Financial Crisis Fannie Mae and the Financial Crisis
    Submitted 8 months ago By stomlin
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    Fannie Mae and the Financial Crisis
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    from%20video.nytimes.com
    %3Cp%3E%28Video%29%20From%20The%20New%20York%20Times%20--%20%20How%20Fannie%20Mae%20went%20from%20being%20a%20one%20of%20the%20most%20important%20players%20in%20the%20U.S.%20housing%20market%20to%20%22a%20company%20that%20was%20continuously%20buying%20riskier%20and%20riskier%20loans.%22%20%20Under%20pressure%20from%20lawmakers%20and%20large%20mortgage%20companies%20like%20Countrywide%20Financial%2C%20Fannie%20began%20taking%20loans%20from%20lower%20income%20homeowners.%3C%2Fp%3E%0A
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    Senators Propose Investigative Panel on Economic Meltdown
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    from%20thecaucus.blogs.nytimes.com
    %3Cp%3EFrom%20The%20Caucus%20--%20%20Senators%20John%20McCain%20and%20Byron%20Dorgan%20are%20proposing%20the%20creation%20of%20a%20special%20Senate%20committee%20that%20would%20investigate%20the%20financial%20crisis%20in%20depth.%20%20McCain%20and%20Dorgan%20argue%20that%20despite%20the%20number%20of%20committees%20that%20already%20examine%20various%20aspects%20of%20the%20crisis%2C%20there%20is%20%22no%20collective%20body%20to%20sift%20through%20it%20all%22%20and%20provide%20clear%20information%20and%20recommendations%20back%20to%20the%20American%20people.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3B%26%23147%3B%26nbsp%3BMr.%20Dorgan%20did%20give%20a%20nod%20to%20all%20the%20committee%20work%20and%20oversight%20already%20under%20way%20over%20the%20mortgage%2C%20banking%20and%20financial%20services%20crises.%20But%20he%20contended%20that%20there%20is%20no%20collective%20body%20to%20sift%20through%20it%20all%2C%20to%20figure%20out%20what%20happened%20along%20the%20way%20in%20order%20to%20prevent%20such%20conditions%20from%20coalescing%20into%20a%20massive%20crisis%20in%20the%20future.%26nbsp%3B%26%23148%3B%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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    Commentary: Is this the start of another Great Depression?
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    from%20cnn.com
    %3Cp%3EFrom%20CNN%20--%20%20The%20question%20is%20posed%20every%20time%20the%20U.S.%20economy%20suffers%20a%20serious%20downturn%3A%20is%20this%20the%20beginning%20of%20the%20next%20Great%20Depression%3F%20%20Barry%20Eichengreen%2C%20Professor%20of%20Economics%20at%20U.C.%20Berkeley%2C%20says%20no%2C%20since%20people%20like%20Fed%20Chairman%20Ben%20Bernanke%20and%20Treasury%20Secretary%20Henry%20Paulson%20know%20their%20economic%20history%20better%20than%20most.%3C%2Fp%3E%0A%3Cp%3E%22It%20couldn%27t%20happen%20again%20precisely%20because%20policymakers%20know%20this%20history.%20Fed%20Chairman%20%3Ca%20href%3D%22http%3A%2F%2Ftopics.cnn.com%2Ftopics%2FBen_Bernanke%22%20rel%3D%22externals%22%3EBen%20Bernanke%3C%2Fa%3E%20is%20a%20student%20of%20the%20Great%20Depression.%20Treasury%20Secretary%20%3Ca%20href%3D%22http%3A%2F%2Ftopics.cnn.com%2Ftopics%2FHenry_M_Paulson%22%20rel%3D%22externals%22%3EHenry%20Paulson%3C%2Fa%3E%20remembers%20the%20mistakes%20of%20Andrew%20Mellon%2C%20Herbert%20Hoover%27s%20treasury%20secretary.%22%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.cnn.com%2F2008%2FPOLITICS%2F10%2F09%2Feichengreen.depression%2Findex.html%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BCommentary%20Is%20this%20the%20start%20of%20another%20Great%20Depression%3F%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
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  • 2008 foreclosure filings set record 2008 foreclosure filings set record
    Submitted 7 months ago By stomlin
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    2008 foreclosure filings set record
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    from%20usatoday.com
    %3Cp%3EFrom%20USA%20Today%20--%20%20Foreclosure%20rates%20rose%2081%25%20in%20the%20U.S.%20between%202007%20and%202008.%20%20In%202008%20alone%20there%20were%20more%20than%203%20million%20foreclosure%20filings%2C%20despite%20moratoriums%20on%20foreclosures.%20%20The%20record%20numbers%20are%20prompting%20policymakers%20to%20take%20aggressive%20action.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BBanks%20repossessed%20more%20than%20850%2C000%20properties%20in%202008%20compared%20with%20about%20404%2C000%20in%202007.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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  • Rumbles of Discontent in Russia Rumbles of Discontent in Russia
    Submitted 7 months ago By stomlin
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    Rumbles of Discontent in Russia
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    from%20video.nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20--%20%20The%20global%20economic%20crisis%20has%20incited%20protests%20in%20Vladivostok%2C%20Russia%27s%20largest%20city%20in%20the%20Far%20East.%20%20Public%20anger%20is%20over%20the%20Kremlin%27s%20decision%20to%20protect%20local%20auto%20businesses%20during%20the%20crisis%20by%20imposing%20tariffs%20on%20importing%20popular%20foreign%20used%20cars.%3C%2Fp%3E%0A
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  • The Challenge of the Housing Crisis The Challenge of the Housing Crisis
    Submitted 8 months ago By stomlin
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    The Challenge of the Housing Crisis
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    from%20video.nytimes.com
    %3Cp%3E%28Video%29%20From%20The%20New%20York%20Times%20--%20%20While%20the%20Bush%20administration%27s%20method%20of%20helping%20American%20homeowners%20in%20crisis%20was%20completely%20%22voluntary%22%20on%20the%20part%20of%20lenders%20to%20offer%20up%20help%2C%20President%20Obama%20offers%20up%20a%20new%20ambitious%20plan%20to%20help%20about%20nine%20million%20homeowners.%20%20In%20his%20speech%20the%20President%20appeals%20to%20Americans%20who%20did%20their%20best%20to%20%22play%20by%20the%20rules%22%20during%20the%20crisis.%20%20It%20%22will%20not%20rescue%20the%20unscrupulous%20or%20irresponsible%2C%22%20he%20says.%3C%2Fp%3E%0A
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  • Secretary Clinton on Asia Relations Secretary Clinton on Asia Relations
    Submitted 7 months ago By stomlin
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    Secretary Clinton on Asia Relations
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    %3Cp%3EVideo%20from%20The%20New%20York%20Times%20--%20%20In%20her%20speech%20to%20the%20Asia%20Society%20before%20her%20first%20trip%20that%20would%20set%20the%20tone%20for%20future%20U.S.%20-%20Asia%20relations%2C%20Secretary%20of%20State%20Hillary%20Clinton%20emphasized%20partnership%20in%20solving%20global%20problems.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BWe%20need%20strong%20partners%20across%20the%20Pacific%2C%20just%20as%20we%20need%20strong%20partners%20across%20the%20Atlantic.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%26nbsp%3B%26nbsp%3B%3C%2Fp%3E%0A
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  • Paulson Discusses Housing Woes Paulson Discusses Housing Woes
    Submitted 7 months ago By stomlin
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    Paulson Discusses Housing Woes
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    %3Cp%3EFrom%20The%20New%20York%20Times%20--%20%20In%20his%20speech%20to%20the%20Society%20of%20Securities%2C%20Treasury%20Secretary%20Henry%20Paulson%20says%20that%20the%20housing%20crisis%20remains%20the%20largest%20threat%20to%20US%20economy%2C%20along%20with%20the%20credit%20crisis.%20%20Paulson%20warns%20that%20we%20should%20continue%20to%20see%20slower%20economic%20growth%2C%20but%20still%20expects%20the%20economy%20to%20expand.%3C%2Fp%3E%0A%3Cp%3E%22Treasury%20Secretary%20Henry%20Paulson%20says%20there%20is%20no%20single%20or%20simple%20solution%20to%20the%20housing%20crisis.%20CNBC%27s%20Mary%20Thompson%20has%20the%20latest%20on%20Paulson%27s%20speech.%22%3C%2Fp%3E%0A
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    Commentary: Bailing out homeowners is a mistake
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