Category Archives: Housing

Fed Up

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The Fed has kept the stock market and, so it claims, the U.S. economy afloat with low interest rates. The Dow lost 1500 points in the past week. World economic growth is stuck in the mud.

And with interest rates near zero, the Fed is low on flotation devices.

If income inequality is your thing, cheer up. Jeff Bezos lost $2.6 billion on Monday. Bloomberg has the fat cat score card here.

Location Location


U.S. taxpayers live in a bad neighborhood. Now the good neighbor, FHA, may be headed for a bail-out. FHA is $16 billion in the hole – we’re $16 trillion in the hole. How does that work?

Education Bubble

Students and their parents are nearly a trillion dollars in hock over college tuition according to the WSJ.

 

Game Plan

After three years of anger over ObamaCare and the housing crisis, the Republican nomination is boiling down to RomneyCare vs The Freddie Mac water boy. Here’s Krauthammer.

Bye Bye, Barney

We won’t have Barney Frank to kick around any more and vice versa – here’s Dana Milbank on Barney the Bully.

This was inspired by one of my favorite Don Wright cartoons. Unfortunately I can’t seem to find a link to it. The cartoon featured a Vietnamese family standing in a landscape of bomb craters waving thanks to American jets as they flew away at the end of the war.

I’ve always considered Barney Frank just as much a friend to the poor as we were to the Vietnamese.