America might be busy ejaculating in its collective pants about the end of Racism and the beginning of Hope, but that doesn’t stop our nation’s bankers from the very important work of booting the elderly from their homes. That’s right, our mortgage-foreclosure-housing-bubble crisis marches on, and it looks like the next stop on the hobo train is swank Beverly Hills, where former Johnny Carson sidekick and Howard Stern prank call subject Ed McMahon has run into some financial troubles. MORE »

Alphonso Jackson, the soon-to-depart Secretary of Housing and Urban Development, built a long and distinguished career on failure. He presided over a massive meltdown in the mortgage and lending markets by doing precisely nothing, even though the HUD oversees the Federal Housing Administration, which is supposed to ensure that poor people and first-time home buyers don’t end up impoverished and homeless when their loans go south. ANYHOW The Dumbocrats have been calling for his resignation, and now he is resigning. Not because he is terrible at his job, though! Because he needs to spend more time with his family, which does not yet hate him. That will change. MORE »

Hillary Clinton is afraid that Americans are going to start prancing around in knee socks and filming radioactive giant lizard-based horror films, now that we are sinking into a “Japanese-style malaise.” But these terrible tragedies can be avoided if we resort to crazy nanny state policies like having the Federal Housing Administration purchase underwater mortgages. MORE »