Homeowners are screwed again. Banksters are laying the groundwork for a second financial crisis. The Wall Street Journal is reporting that private investment firms are once again giving out subprime mortgages to interested homeowners who normally wouldn’t qualify for a home loan. It was these exact subprime mortgages that inflated the housing bubble and crashed the economy 3 years ago.

But since Congress failed to pass meaningful Wall Street reform – and Republicans are defunding Wall Street watchdogs – the banksters are back to business as usual – turning the housing market back into a high-stakes casino to gamble with America’s economic future.

-Thom

(Do you want the housing bubble reinflated? Tell us here.)

Community Square

"IRA execution of Colonel Smyth (1920)"

The Daily Stack

Quote: "We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution" -- Abraham Lincoln.

Article: "The Federalist Papers" (Federalist 78).

Case: "Buckley v. Valeo", 1976.

Case: "First National Bank Of Boston V. Bellotti", 1978.

Article: "Dissent, Citizens United v. Federal Election Commission" by Justice J Stevens.

Article: "Bipartisan Campaign Reform Act of 2002" (McCain-Feingold).

Article: "Constitution of the United States" Articles 1, 2, 3.

Article: "Constitution of the United States", article 3 section 2. "... the supreme Court shall have appellate Jurisdiction, both as to Law and Fact, with such Exceptions, and under such Regulations as the Congress shall make..."

Article: "Gingrich Leaps On The Court Stripping Bandwagon, Claiming ‘There Is No Supreme Court In The American Constitution’" by Ian Millhiser and Scott Keyes.

Case: "Plessy v. Ferguson", 1896.

Article: "Real Democrats Beat GOP Fakes in All Six Wisconsin Recall Primaries" by John Nichols.

Case: "Marbury v. Madison", 1803.

Article: "Letter to Judge William Johnson, June 12, 1823" by Thomas Jefferson.

Article: "Mitch McConnell: We Must Rewrite The Constitution Because ‘Elections’ Haven’t ‘Worked’" by Ian Millhiser.

Site: "ALEC Exposed".

Hour Two: "Everything You Know is Wrong...about Mitt Romney and the Mormon Church" Tricia Erickson, Damage Control/Crisis Management Specialist, author.

Book: "Can Mitt Romney Serve Two Masters? The Mormon Church Versus The Office Of The Presidency of the United States of America" by Tricia Erickson.

Article: "Tricia Erickson: 'An indoctrinated Mormon should never be elected as President'" by Jay Kernis.

Book: "The Supremacists" by Phyllis Schlafly.

Talk Radio News Segment: Victoria Jones, White House Correspondent

Article: "McConnell Jumps Aboard Balanced Budget Amendment Bandwagon" by TRNS.

Article: "Debt Standoff" by NBC.

Article: "McConnell Intros Three-Step Safety Net To Avoid Debt Default" by Benny Martinez.

Article: "Senator Calls For News Corp. Probe Amid Bribery, Hacking Allegations" by Michael Calderone.

Article: "Pressure Persists for a U.S. Probe of Murdoch in Hacking Scandal" by David Stout.

Article: "Will Murdoch's News Corp face criminal FCPA charges?".

Article: "News Corp pulls out of BSkyB bid" by James Robinson.

Hour Three: Murdoch scandal points to rot at the top Adele Stan, Alternet

Article: "4 Ways the Murdoch Scandal Points To Rot at the Top" by Adele M. Stan, AlterNet.

Article: "Murdoch faces UK political backlash" by Andrew Edgecliffe-Johnson, Ben Fenton, George Parker and Salamander Davoudi.

Tweet: "Is this first time a Murdoch takeover bid has failed?" by Oliver Willis.

Article: "News Corporation shares dive as BSkyB bid falters" by James Chessell.

Article: "Damned If You Do or Don’t: How Murdoch Reporters’ Bribes to British Cops Violate U.S. Law" by Jake Bernstein.

Book: "Common Sense" by Thomas Paine.

Book: "Rights of Man" by Thomas Paine.

Book: "The Age of Reason" by Thomas Paine.

Book: "Agrarian Justice" by Thomas Paine.

Cheesy news alert: "New Law, ‘No Politician Left Behind,’ Would Pay Congressmen Based on Performance" by Andy Borowitz.

The good: "Raise Revenues, Not Taxes: Legalizing Internet gambling and marijuana are two easy ways to cut the deficit." by Jared Polis.

The bad: "Bill O’Reilly: ‘We Need To Raise More Revenue’" - called for a 1 percent national sales tax - by Alex Seitz-Wald.

The very, very ugly: Republican Congressman Kevin Brady: "GOP Congressman: Government Needs To ‘Sacrifice’ And Lay Off More Workers" by Marie Diamond.

Site: "Rebuild the Dream" campaign.

Site: "Progressive Democrats of America".

Book: "The Looting of Social Security: New Release of the Book They Didn't Want You to Read " by Allen W. Smith.

Site: "Media Matters for America".

Article: "Cisco To Shed 10,000 Jobs While Asking For Giant Corporate Tax Break" by Marie Diamond.

Article: "Obama says he cannot guarantee Social Security checks will go out on August 3" by Corbett B. Daly.

Article: "Moody's cuts Ireland rating to junk status" by RTÉ.

Article: "Riskier Loans Make a Comeback, as Private Firms Take the Field" by Annamaria Andriotis.

Article: "U.N. says U.S. broke torture rule in denying access to Manning" by Stephen C. Webster.

Article: "Southern Poverty Law Center labels Senator Rand Paul an ‘extremist’" by Eric W. Dolan.

Article: "NBC apologizes to Congress for censoring “under God” out of pledge" by Jack Jenkins.

Crazy alert: "Hitler Gave Nazi Soldiers Blow Up Sex Dolls To Combat Syphilis: Book ".

Coming up Thursday on The Thom Hartmann Program

Hour One: Why are conservatives upset with a major science textbook publisher? Thom challenges Casey Luskin of the Discovery Institute.

Hour Two: Is America still a place where it's worth it to work hard to get ahead? Thom debates Ryan Streeter, Editor, Conservative Home USA

And, the best of the rest of the news and your calls right here on...

The Thom Hartmann Program... your media support group for we the people.

Read an excerpt here, and buy the book!

Read an excerpt here, and buy the book!