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Few recognize just how troubled this government agency really is. When measured against the accounting system used by private mortgage insurers, the FHA is deeply insolvent, with a capital shortfall of tens of billions of dollars. If it were a private firm, state regulators would immediately shut it down.
The Federal Housing Administration (FHA) uses lax accounting standards that obscure the fact that it is deeply insolvent, with a looming shortfall of tens of billions of dollars that American taxpayers will have to make up.
No serious observer of the Federal Housing Administration (FHA) believes its financial future is bright. But few recognize just how troubled this government agency really is.
We're about to enter a very long campaign in which where an apparently squeaky clean Mitt Romney is going to be demonized for his success and dragged through the gutter. Meanwhile, Obama took cash from a true denizen of the gutter.
It has been reported that the Obama campaign this year, as in 2008, has disabled or chosen not to use AVS in screening contributions made by credit card. That doesn't sound very important. But it's evidence of a modus operandi that strikes me as thuggish.
The dramatic rise in university tuition costs is placing a greater financial burden on millions of college-bound Americans and their families. Yet only a fraction of the additional money colleges are collecting--21 cents on the dollar--goes toward instruction. And, by many measures, colleges are doing a worse job of educating...
In this book, economist Richard Vedder examines the causes of the college tuition crisis and explores ways to reverse this alarming trend.
In this book, economist Richard Vedder examines the causes of the college tuition crisis and explores ways to reverse this alarming trend.






