Randian Bankers Are Great Accountants

Noah asks in his post whether one could trust a Randian banker. By coincidence, I read Noah's post on John Allison while I was in the middle of reading Donald Luskin's through-the-looking-glass book on the characters that allegedly either contributed to or didn't contribute to the financial …

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Written by Thomas J. Marier on Tuesday December 6, 2011

Why Obama's Anti-Foreclosure Program is Failing

President Obama's Home Affordable Modification Program (HAMP) isn't effective. Here's why. The  Home Affordable Modification Program , which modified loans for eligible homeowners facing foreclosure, is not only failing to make things better for those who stand to lose their homes, it's actually …

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Written by John S. Wilson on Wednesday September 7, 2011

Help! My Son Has a Roommate from Hell

Eddie hears from a reader whose son's roommate is bullying him to move out. Should he dig in his heels or just find new digs? Writing in the Globe and Mail , David Eddie hears from a reader whose son's roommate is bullying him to move out.  The reader writes: My 23-year-old son has moved in …

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Written by David Eddie on Friday April 15, 2011

Dem Reps Rebel Over Mortgage Program

Eighteen Democrats went against the wishes of the president yesterday by voting for the termination of a program Obama hoped would help prevent foreclosures. Eighteen Democrats went against the wishes of the White House by voting yesterday for the termination of the Home Affordable Modification …

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Written by Tim Mak on Wednesday March 30, 2011

GOP Pushes for Fannie & Freddie Phase-Out

A package of GOP bills to restrict and then wind down Fannie and Freddie illustrate what a vigorous, market-oriented House majority can and should do to get things done. A coalition of Republican House of Representatives Members has announced a package of bills that would first restrict and then …

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Written by Eli Lehrer on Tuesday March 29, 2011

Fannie & Freddie Reforms Won't Save Taxpayers

Taxpayer aid to Fannie Mae and Freddie Mac is already more than $150 billion. But don't expect that number to drop even if Congress passes reforms. Freddie Mac, the mortgage-finance company operating under federal conservatorship, reported a loss this week of $14 billion for 2010.  No goodwill …

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Written by Steven Trowern on Sunday February 27, 2011