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...Others think at least some portion of Fannie and Freddie may need to be nationalized. Congressman Barney Frank told the same group of reporters that it might make sense to nationalize the duties of Fannie and Freddie that have to do with promoting affordable housing. The job they do of supporting the mortgage market could be returned to the private sector. "The two roles should be separated," says Frank, a Democrat who heads the House Financial Services Committee...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...Last week, concern burst into outrage. When the Justice Department filed a legal brief arguing against gay marriage, the head of Human Rights Campaign - the largest gay-rights group in the U.S. - accused the Administration of failing to recognize the "humanity" of homosexuals. Barney Frank called the White House to protest, and several other gay Democrats announced plans to boycott an upcoming fundraiser, forcing the treasurer of the Democratic National Committee, Andrew Tobias, who is also gay, to write donors saying that he understood "all the hurt and anger...

Author: /time Magazine | Title: On Agenda, Gays Ask, but Obama's Not Telling | 6/18/2009 | See Source »

...city's plan to improve flood protection, redevelop the riverfront and rebuild public facilities remains a concern for some. It includes buying out flood-damaged homes in the flood plain to make way for green space, flood walls and levees. "The city didn't look after their people," says Frank King, a neighborhood leader. "They have used this flood for economic cleansing, to get rid of the substandard housing that used to be homes for many people...

Author: /time Magazine | Title: A Year After the Flood, Cedar Rapids Struggles | 6/17/2009 | See Source »

...palace told TIME of his optimism for the future. "For the first time in our history, we're allowed a diversity of opinions," he said. But asked if he credited Britain with helping to establish the fledgling democracy that allows this diversity, he clammed up. "If I'm frank with you, I will be punished by my commander," he said. "If I answer from my heart, I will lose my job." A second policeman, listening to the conversation, had fewer reservations. "America and Britain didn't come here to help the Iraqis," he interjected. "Anything...

Author: /time Magazine | Title: Finally, a British Inquiry into the Iraq War | 6/16/2009 | See Source »

...become the world's leading market for the cheap, green vehicles, helping to offset some of the harmful effects of the country's automobile boom. Indeed, as engineers around the world scramble to create eco-friendly, plug-in electric cars, China is already ahead of the game. Says Frank Jamerson, a former GM engineer turned electric-vehicle analyst: "What's happening in China is sort of a clue to what the future will be." (See the top 10 green stories...

Author: /time Magazine | Title: On the Streets of China, Electric Bikes Are Swarming | 6/14/2009 | See Source »

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