Word: mortgagee
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Obama's challenge to the primacy of that sort of politics is both worthy and essential. His point, and Bill Clinton's, is indisputable: there is a need for a big election this year. A decision has to be made about the war in Iraq. The mortgage-market and the...
Dodging the credit crunch has burnished its image, too. According to the MDRC survey, lenders hit hardest by the subprime snafu suffered sharp drops in client-satisfaction scores at their private-banking or wealth-management units. The worry, says Williams, was that "these pristine organizations were shown to be pretty...
These are simply clichés, of course; Arab traders drive a hard bargain for the same reason everyone else does: money. And anyone who thinks that Western capitalism is inherently transparent should try making sense of the subprime mortgage derivatives mess. Still, there are some lessons worth knowing on...
The Senate On April 10, the Senate passed the Foreclosure Prevention Act, which would give $6 billion in tax breaks to home builders--and to airlines and other struggling businesses. The bill would also increase the maximum mortgage limit that the Federal Housing Administration (FHA) can insure, to $550,000...
In the days after Barack Obama's remarks about the bitter religion clingers of Middle America were made known, a near mob of conservative intellectuals sought to place his "élitism" in proper historical context. George Will located Obama securely in Adlai Stevenson's wine cellar, representing the effete strand...