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...recent months, the FHA has suspended eight of its lenders, hired its first chief risk officer and taken other steps to beef up its controls. But some bad calls - whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will...
...FlyBy can’t stand the character of Sandy Ryerson, but we enjoyed his return as the pot cupcake-enabling Chronic Lady. Can it be long before he schemes his way into the school again, or will his role going forward be like this rare appearance as the go-to drug dealer...
After chastising those reporters who had not heeded White House warnings and published leaked speculation about President's Afghan decision, Gibbs admitted that the time change, long flight and lack of sleep might be getting to him. "See, I went cranky on that one," he said, prompting laughter from the press corps. The President is also sure to need patience as the trip progresses, lest he too get cranky at the focus of the international press...
...issue with Lieberman's Democratic colleagues in the Senate, and they look uncomfortable. "He's a Senator, he's got a right to his opinions," says Arlen Specter, a Pennsylvania Democrat (as of April, when he switched from the Republican Party). "We'll work it out." "There's a long ways to go" before considering punitive measures, says Patty Murray of Washington. Patrick Leahy of Vermont, who also voted in January to expel Lieberman, is similarly cautious: "Let's see what happens. Nobody should be filibustering health care - either vote it up or vote it down." Says Dianne Feinstein...
...this part of the world. That policy weight comes from Steinberg, a China expert and former Deputy National Security Adviser who is staying in Washington during the trip. He has been largely responsible for designing the Administration's approach to Asia, which is to focus on reassuring both long-term allies and China that the U.S. seeks increased cooperation in areas of shared interest. Kurt Campbell, a centrist Clinton White House and Pentagon official, will have the point position when it comes to briefing the President on upcoming meetings and issues during the trip. He and Bader have a good...