Word: federales
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Even with all this aid, though, U.S. homeowners haven't been doing so well. The value of their real estate holdings has fallen by $4 trillion since 2006, according to the Federal Reserve. Millions of people have been booted from their dwellings over the past couple of years because they...
How do we subsidize homeownership? Let me count the ways. First, more than 80% of the mortgage loans made in the U.S. so far this year have been bought by the government-sponsored entities (GSEs) Fannie Mae, Freddie Mac and Ginnie Mae. That keeps the interest rates on those GSE...
Columbus sailed the ocean blue in 1492. On Oct. 12, 517 years later, banks are closed and there's no mail. And despite being a federal holiday, for most in the U.S. it's another day at the office.
Observed on the second Monday in October, the holiday celebrates the achievements of Christopher Columbus, a man who lived almost three centuries before the U.S. Federal Government even existed, much less created a holiday in his honor. But for such a loosely observed federal holiday, Columbus Day generates no small...
Many Italian Americans in particular think so. Columbus Day has its roots in cultural pride, a celebration of the Italian explorer's "discovery" of the Americas when he landed on a Caribbean island in what's now the Bahamas on Oct. 12, 1492. The 300-year anniversary of Columbus' landing...