Ever hear the name Edward DeMarco? He’s the acting director of Federal Housing Finance Agency. Despite pressure, he refuses to write down the principal on loans held by Federal agencies like Freddie and Fannie or the FHA. The “just make the problem go away” gang is the usual suspects, Richard Durbin and Barney Frank leading Read the full article…
A business allocates capital based on some value added formula. Various projects must compete for scarce capital based on the present value return of each investment over some period of time. The projects that give the best return get the capital, those that don’t get scrapped or delayed. We have a so-called Super Committee supposedly Read the full article…
Ladies and gentlemen fouling the streets of our country protesting something, here’s a flash. There are jobs open in this country. Places where your degree in humanities will be welcome and you can earn more than enough to pay the interest on that student loan. Coal mines can’t find employees. Miners can make up to Read the full article…
