From the Right Side of Campus

Day: December 9, 2008

Bank of America Gives in to Squatters

In an incredibly stupid move the Bank of America has given in to protesters who were demanding money from them despite the fact they have no legitimate reason to do so. The absurd decision to surrender to the Republic windows and doors employees comes shortly after the workers decided to occupy their old factory. The workers decried that they would not leave the factory until Bank of America, which has zero obligation to these workers, extended more loans to a company which had already gone bankrupt. So, what does this idiotic cave in by Bank of America mean for the

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Not So Shocking News: 53% of Rescued Borrowers Default Anyway

Proving that incompetent and irresponsible people will be incompetent and irresponsible no matter how many breaks you give them or how much taxpayer money you throw at them, U.S. Comptroller John Dugan revealed yesterday that 53% of borrowers with loans modified in the first three months of 2008 and 51% of those with loans modified in the second quarter could not keep up with payments within six months. Seems like pure common sense to me… a financial free pass from the government is no cure all. In fact, its little more than snake oil. But will this make a bit

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AP Cites Workers ‘Occupying’ Factory as a ‘Rallying Point’

In an article heroically chronicling the efforts of 200 union workers “occupying” their old window and door factory the Associated Press made sure to emphasize how the squatters have given the nation’s grim economy a “rallying point.” Here is how they introduced the story (emphasis added): The nation’s grim economy now has a rallying point: Employees at a window-and-door factory that went out of business have taken over the building in a siege that has come to symbolize the woes of the ordinary worker. Yes, that’s right; the AP sees a group of people who are illegally squatting on private

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