Went to see the movie The Big Short. Pretty well done. It will help Bernie and his war against Wall Street. But, as usual with Hollywood, there are a few pieces left out. The roles of the government- owned and controlled mortgage insurers Freddie, Fannie, and the FHA were left out. Of course, without their guarantees none of the bad Read the full article…
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…
Teachers in America have no goals. If goals are set, the union steps in and stops the process. In rare occasions, like Michelle Rhee in Washington DC, where she, the top school honcho there negotiated an agreement to have goals and pay bonuses for performance, the union is upset because she fired over 200 teachers Read the full article…
