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…
As the housing crisis was bubbling to the surface, I had a conversation with a young man who was a risk manager for a bank that went down in the mess. He spelled it all out for me. What was coming, when it was coming, and who would go first. I learned one thing from Read the full article…
