What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on October 14, 2010.
Learn more about SpinDistribute Article Distribution System.

Obama's Stumbling Block

Article Category: Business

Author Name: Amanda xzh

U.S. homeowners are entangled by. U.S. media reported that nearly 1 / 4 of homeowners into a dilemma: In 2008 the global economic crisis, some 14.6 million Americans have lost their jobs, one of the homeowners have to make every effort to keep their real estate, have felt exhausted. They were caught in the house, can not sell a house, because the value of the house has been greatly diminished. And even sell the house and can not repay the purchase of mortgage loans. Then over the world as a destination for immigrants in the United States there has been such a scene - prices fall, the loss of foreclosure, house slaves fled, foreclosures, people trying to escape repayment ... ...

According to the Washington-based Mortgage Bankers Association statistics, in the first quarter, 1 / 7 to repay mortgage arrears or default, the association in 1979 the highest level since tracking this data. U.S. Treasury 20 August figures showed, Obama worked to provide 1.31 million copies of mortgage repayment adjustment programs, but as of the end of July, of which 48% has been canceled.

Statistical data also suggest the slump in real estate. August 24 in Chicago National Association of Realtors released a report, in July as housing sales in the U.S. fell more than 27.2% the previous month, a 15 year low. Shortly afterward, the U.S. Commerce Department data released Aug. 25 showed U.S. new home sales in July fell to record lows.

Continued weakness in property that the "two rooms" the fate of the more worrying, because Fannie and premises in the Financial Crisis in the U.S. by more than Fangdechanye create even heavier.

September 2008, the Bush administration took over Fannie Mae and Freddie Mac, when they are faced with bad mortgages caused huge losses. By 2009, Fannie Mae and Freddie Mac have already lent 5.5 trillion, or housing loan guarantee, which is almost equivalent to half of the U.S. housing mortgage market.

Emperor to abdicate Obama

Could not sell the house led to the further decline in house prices, the current U.S. president Barack Obama placed in front of the dilemma is: not to spend taxpayer money, "two rooms" has cost the taxpayers 148 billion U.S. dollars in relief funds; but can not fail to rescue Fannie Mae and Freddie Mac, because the price is bound to shrink the "two room" holds the mortgage and financial institutions to take more losses on Wall Street.

And this one has a paradox, that is, in order to stop falling house prices, you have to save the "two room", this is the safest approach. Because the "two rooms" can continue to recover on behalf of the Government of the house foreclosure, avoid speculative funds take advantage of depressed prices.

However, the assistance coming to an end when no one knows, the "two room" is increasing the number of housing recovery has grown from 9.7 million a year earlier to 191,000 units. As long as U.S. home prices fell 5%, Fannie Mae will only 20.6 billion U.S. dollars lost. Freddie Mac in the next 10 years to bear the loss of $ 7,440,000,000.

The U.S. government bond funds is the main direction of the "two rooms" and the TARP. In theory, the shift in government bonds will not produce any net effect on the budget, but will cause the budget deficit directly. Congressional Budget Office estimated in 2009, these transfers is likely to be 18 billion U.S. dollars, 2010 to 2015 there were about 800 billion dollars.

U.S. Congress estimated that "two room" operation will increase the federal budget deficit in 2009, about 2,400 billion U.S. dollars, including a similar "two rooms" of the government-backed mortgage companies, and the present value of assets of insolvent the guarantee about 200 billion dollars, and about 400 billion estimate of the GSEs subsidy cost of new business. The deficit in 2010 and 2019 around 700 billion dollars.

In fact, Fannie Mae and Freddie Mac, the Bush administration took over in 2008 after the taxpayer has received nearly 1,500 billion dollars in aid, with the November mid-term elections approaching, making the Obama administration faces enormous challenges.

"Two rooms" Lion's Mouth

Fannie Mae and Freddie Mac own or guarantee a total of two bodies about 31 million pen housing loans, worth about 5 trillion dollars, the amount of all mortgages in the United States about half, and they have been asking for a handout. After the huge losses following the second quarter, has been taken over by the U.S. federal government mortgage giant Freddie Mac 9, the federal government sought again to 1.8 billion U.S. dollars in relief funds to assist in its relief.

Freddie Mac, data released in September this year, 4 to 6 month period, including payment to the U.S. Treasury 1.3 billion, including dividends, and its second-quarter loss of 60 billion U.S. dollars, far more than a year earlier loss of $ 840,000,000 amount, but less than the previous quarter to 80 billion U.S. dollars.

Freddie Mac CEO Charles Haldeman said in a statement: high unemployment and other factors, the real estate market will continue to bring the very real challenges in mind, we will continue to focus on the quality of new business and to make good use of taxpayer's hard-earned money.

Freddie Mac's "trouble brothers" Fannie Mae also issued quarterly, said the company second-quarter net loss of 1.2 billion, and to seek additional 1.5 billion U.S. dollars the federal government bailout.

The "two rooms" have a big opening, which means the two companies totaled 148.2 billion U.S. dollars of aid needed to retrieve their lives, which only accounts for an organization Freddie Mac, $ 63,100,000,000.

Even more intolerable is that Fannie Mae and Freddie Mac executives high salaries. Although both companies have spent over one hundred billion U.S. dollars of taxpayers money, but still in 2009, received pay up to $ 6,000,000. In the United States Treasury Department and Federal Housing Finance Board's approval in 2009, Fannie Mae CEO, Michael Williams, and Freddie Mac Chief Executive Officer Ed Haldeman each receive $ 900,000 salary, and to in 2010 paid $ 3,100,000 deferred payment.

A stumbling block for mid-term elections

United States Government in September 2008 took over the troubled Freddie Mac and Fannie Mae, the government is supporting the "two room" into a 148 billion U.S. dollars, Washington's politicians to "two rooms" where to go in a fierce debate. Full-time U.S. Treasury assistant secretary of financial institutions Barr on September 14 said the administration plans no later than January 2011 submitted to the "two room" reform plan, the speed seems a bit slow.

Barr reiterated that the U.S. Treasury to support the two companies. He said, "Government is committed to ensure that the GSEs have adequate funds to fulfill any present or future to make the security and the ability to meet any debt obligations." Barr may be Obama's choice to head the new Consumer Financial Protection Agency.

But the views of supporters of the Democratic Party. On the other hand, some Republicans still want to remove Fannie Mae and Freddie Mac. Housing finance system can be seen depends on the specific form of which party controls the U.S. Congress in.

With the November mid-term elections approaching, Obama began to worry that if voters in the mid-term election is based on consideration of the U.S. economy, then the Democrats probably will be lost. He said: "The Democratic Party's performance may be poor, because people dissatisfied with the U.S. economy."

Obama accept the ABC interview, said: "If the election is about 'whether people are satisfied with the economic situation' and started to vote, then our poor performance, because it seems that everyone felt that the American economy was supposed to be better than now . "

ABC and the "Washington Post" the joint poll showed that 33% of respondents believe that the Obama economic measures to make economic conditions worse, 30% of the respondents believed that Obama's economic measures to improve the economy.

Keywords: plasma wall mounting,spray tanning equipment,drawer tool chest,

Learn more about SpinDistribute Article Distribution System. We also offer a Pro Article Writing Service to everyone who needs premium quality well-researched articles.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.