[caption id="attachment_158" align="alignleft" width="265" caption="null"][/caption] From The Skinny on the Housing Crisis (Clover Leaf, 2008) Yesterday Alan Greenspan, Former Chairman of the Federal Reserve, testified before Congress. To his credit, he was somewhat forthcoming in acknowledging that
It seems that every significant event in history leads to a new vocabulary - new words or, old words and phrases used in new ways. The last year has been illustrative as writers and commentators struggle to find words or phrases to describe unique situations related to the housing and credit crises. Here are ten of my favorite
As most expected, the bailout provision did pass and is now law. And now the fun begins as our government is about to engage in an outsourcing binge with a $700 billion kitty. The stated intention of the Treasury Department is to employ a small internal staff (about two dozen people) to orchestrate and oversee the purchase of mortgages and
In my last post, I whined that no one in government was doing an adequate job of educating the public about the arguments for and against the bailout bill. My belief is that there is just too much information out there being thrown at us too quickly and no one is stopping to explain the fundamentals. I suggested we find Ron Popeil (of
[caption id="attachment_142" align="alignleft" width="175" caption="null"][/caption] In an appearance last week on Fox Business News I opined that one of the problems with the discussion of the bailout is that the government has done a poor job explaining the issues. I believe that the American public is plenty able to understand the plusses
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