September 22, 2008 meeting.
Neither a borrower nor a lender be. Polonius in Hamlet
At the end of every seven years thou shalt make a release. Deuteronomy 15
On Sunday 9/7, the U.S. government took control of Fannie Mae and Freddie Mac. Here are some links related to that and subsequent actions:
NPR update: The Week America's Economy Almost Died
NY Times: A Bailout Plan, but Will It All Work?, Bipartisan Support for Wall St. Rescue Plan Emerges
Newsweek: too international to fail
NY Times: As Crisis Grew, One Option Remained , Few Stand to Gain on This Bailout, and Many Lose, ’08 Rivals Have Ties to Loan Giants, What Created This Monster(Newsweek: credit default swaps), Freakonomics blog
Charlie Rose: BAILOUT featuring Dr. Doom, Nouriel Roubini
NPR: If Fannie And Freddie Had Failed, Fannie's Lesson: The Real Scandals Are Legal
PBS: 11 minute July segment, moral hazard, featuring Bird and Fortune
Scientific American: Economics in a Full World (original)
Slate: Daniel Mudd on Foreclosure, The Death of the Credit Card Economy
MSNBC: How Fannie and Freddie weren't reigned-in
Here's a year-ago online piece about the then federal effort to stem the foreclosure tide.
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1 comment:
Risk,
that is a very scary word. I am a young successful entrepreneur and by getting to where I am at today that word, ( risk ) is what I had to take to move my family ahead. I am not saying that there should be no punishment for those who took money out of there house and stupidly bought quads,boat's,cars,& without that money would of never been able to afford those things, and now times are hard they say the hell with it and try to walk. That is not right. I also believe that if these loans were not available we would not be where we are at today. I urge you, try to see if you can get a loan today. It's like pulling out a perfectly good tooth from your mouth. So when bush and his cabinet make statements using big words like adjustment make statements like no need to worry!!!! I say, " it's time for a change "
Respecfully,
Property Preservation Specialist
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