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Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, recently said if sequestration stands, "we wouldn't be the global power that we know ourselves to be today." He's right.
When the bubble deflated in 2007, an unprecedented number of weak mortgages went into default - those that were held or guaranteed by Fannie and Freddie, and those that had been securitized by Wall Street. This drove down housing prices and threw Fannie and Freddie into insolvency.
In case you missed it: in a recent piece, mortgage finance and housing expert Edward Pinto writes that the 30-years mortgage could well be the cause of a new housing bubble.
It is government's fault for offering a housing finance program without making an effort to maintain underwriting standards.
In 2011, the Government Mortgage Complex accounted for 88 percent of all first-mortgage originations in the United States, with the government also controlling an estimated 90 percent of the student loan market. The government’s growing dominance in the home mortgage and student loan categories is cause for concern, posing a threat to private investors, borrowers, and taxpayers.
The Financial Crisis Inquiry Commission only produced a narrative about the financial crisis, not a coherent description of what caused the financial crisis.
When partnering with outside consultants to turn around a school, schools districts must consider how the work is setting schools up for long-term success.
The employment rate is a better reflection of the bleak future facing American workers than the unemployment rate, and a new report gives Americans little cause for hope.







