Word: badness
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...Still, for the long haul, Lockhart thinks it would be a bad move to permanently nationalize the two firms. Instead, he prefers returning them to the private market, perhaps in the form of something close to a public utility that would charge a fee to homeowners or lenders to subsidize lower mortgage rates...
...many as 15 smaller companies. As with public utilities, he thinks the government could regulate what these firms could charge and how much they could make. That would limit the risk-taking and excess use of leverage that caused the two firms to collapse. "I think it would be bad for the mortgage market to get rid of them completely," said Kanjorski, who also spoke at the conference on Friday morning. "But if they were smaller, perhaps next time we won't be in the situation where these firms are too big to fail." (See 25 people to blame...
...said it was not going to do anything to help California right now, believing that the state should try to get its budget mess in order first. There are good reasons for the Treasury not to rush to California's aid. If it backstops Sacramento, rewarding the state's bad behavior, it would set an example for other states to follow. A nightmare scenario: the Federal Government backs California's loans, which leads to a downgrading of the Treasury's credit rating and the unnerving of the global credit markets. Spooked, the Chinese government, which currently bankrolls a large portion...
...sense of just how dysfunctional American health care is, members of Congress don't need to look further than their local emergency department (ED). The overcrowding in EDs is so bad these days that patients who walk in with "immediate" needs, meaning the most severe on a clinical scale, wait an average of 28 minutes to see a doctor, according to a Government Accountability Office report released in May. That's 27 minutes more than the recommended wait time for such conditions. Between 1996 and 2006, even as some 200 EDs shut down completely, visits nationwide increased from 90 million...
...that collision of big guns and bad ideas weren't enough, lawlessness on land has spurred more of it at sea, making Somalia not only the world's most failed state and the home of its worst humanitarian crisis but also a center of piracy. The geo-strategic elements of this enduring catastrophe explain why it is watched blow by blow by both the U.S. and al-Qaeda...