Word: federales
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Speaking at an annual conference of real estate editors, James Lockhart, head of the Federal Housing Finance Agency, said on Thursday the government shouldn't run Fannie Mae and Freddie Mac. Lockhart should know. He leads the agency that has been doing just that since last September, when the giant...
If the bottom lines of Fannie and Freddie are any guide, the government seems to be doing a less than stellar job with the two mortgage-financing giants. In the first three months of this year alone, Fannie and Freddie lost a combined $33 billion; the government has pumped $85...
Dubbed the voto en blanco, or "blank vote," the curious movement emerged on blogs and in YouTube videos when campaigns kicked off last month. Since then it has snowballed, with prominent intellectuals and several politicians themselves joining its ranks. Its simple message: the whole political system stinks, so just draw...
Amid these difficulties, elected politicians appear increasingly useless at providing any solutions. TV bulletins have even shown federal lawmakers swinging at one another in fistfights in Congress. Voters are also furious at their representatives' six-figure salaries in a nation where the minimum wage is $5 a day. And while...
Such rejection of the system has rattled the establishment. Officials at the Federal Electoral Institute (IFE) have been running an expensive campaign calling on people to vote and are unhappy about now having to argue their point. "To consolidate our democracy, we need more participation, not less," says IFE councillor...