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What is to stop speculators from buying up these bastardized securities for pennies on the dollar anticipating enormous profit when the government buys them at higher rates? The current owners of those securities aren't going to want to sell them for pennies on the dollar if they think the government will come in soon and buy them for dimes. That said, I think Treasury would love it if there were private vulture investors bidding for mortgage assets...
...worst thing that could be happening to this town," says Paul Real, director of the Hispanic ministry at St. Bridget's Catholic Church. "The streets are full of people that aren't working. The food pantry sees over 100 clients, when it used to see about...
...Kids Aren't All Right As a high school english teacher of at-risk students in an urban school, I have seen firsthand how sexuality is exploding [Sept. 22]. First of all, we need to have an honest conversation about protection. Also, girls don't have sex or get pregnant on their own. We need to start promoting male role models who don?t just use women and leave. We need to start teaching our boys to treat females and their own children with more respect. For both girls and boys: Use condoms every time. Don't have sex just...
...Kids Aren't All Right...
...live within its means. We took this as an invitation for our families to start borrowing like the Federal Government. So now we have the national debt, credit-card debt, student-loan debt, plus Social Security and other government promises that amount to more debt (although they aren't on the official books...