All Posts Tagged With: "Greenspan"
America’s Big Banks, America’s Financial Vietnam
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short. While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700 billion line-of-credit from Uncle Sam. Now Wall Street is our financial Vietnam. It’s broken. The old cures [...]
3Oct2011 | Peter G. Miller | 0 comments | Continued
Mortgages: Should We Jail Optimistic Economists?
In Italy seven people have been indicted for failing to predict an earthquake that killed more than 300 people. “Six Italian seismologists and one government official will be tried for the manslaughter of those who died in the earthquake that struck the city of L’Aquila on 6 April 2009,” reports Nicola Nosengo with Nature News [...]
18Jul2011 | Peter G. Miller | 0 comments | Continued
Controversy Brews Over Latest Obama Mortgage Write-Off Plan
The newest effort by the federal government to shore up the flagging housing market is going to set off a fierce debate. The just-announced FHA Refinance Option is likely to keep a lot of homeowners out of foreclosure. This is important because until the “shadow” inventory of distressed and foreclosed homes is reduced in a [...]
29Mar2010 | Peter G. Miller | 0 comments | Continued
Obama Regulatory Reform: Right Idea — Not Far Enough
The President’s new effort at regulatory reform ought to be applauded, at least for the reason that we once-again have a president who believes that regulation is a legitimate government activity. That said, the President’s 89-page regulatory reform proposal falls short because it does address two issues: Getting regulators to regulate and creating a fiduciary [...]
18Jun2009 | Peter G. Miller | 1 comment | Continued
Is It Time To Buy Less?
It has been a most-interesting few weeks in one of the nation’s hottest real estate markets, the area just outside my front door. As someone now in the process of selling, I am elated by current market conditions: As long as the check clears I heartily approve of interest-only loans; I believe the availability of [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Greenspan Speaks — Housing Beats Wall Street
Here’s today’s economic question: If you make a $1,000 profit in real estate will it impact the economy differently than $1,000 in profits from the sale of stock? You want to know the answer to this question because it may explain how plunging stock prices are impacting the economy — and whether you will have [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
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