Tag: moral hazard

The Housing Bill: Uncle Sam is moving into the spare bedroom

Well, over the weekend the Housing Bill was passed by a 72-13 vote in the Senate. Now, we wait for President Bush to sign and all will be fixed it seems. Yeah right !

It must have been an interesting conversation that the Senators had when they discussed how the U.S....

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Fannie and Freddie: Burnt Offerings

There is creativity and then there is desperation. The real question these days is finding that fine line and recognizing the difference.

The FED and the financial powers has thus far been classified as creative in their “handling” of the credit crisis. Yesterday, during a very exciting (?) testimony from...

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Economics for WEAK of Feb 15th

Just as I was thinking that there was a chance that the markets may begin to to stabilize, there is banter around in print and media that has me questioning that thought. It is apparent that there is a disconnect from reality that continues to be reported.

“as long as you...

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