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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 »

...behavior, it would set an example for other states to follow. A nightmare scenario: the Federal Government backs California's loans, which leads to a downgrading of the Treasury's credit rating and the unnerving of the global credit markets. Spooked, the Chinese government, which currently bankrolls a large portion of the U.S. deficit, decides to take its money elsewhere. The ripples from California's crisis would then extend far beyond the Sandovals and other families on the wrong end of the budget ax. (See TIME's gallery of Businesses Bucking the Recession...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

...portion of the roof sat on the top of a truck in the driveway. The walls were blown out and items from the home ended up across the street...

Author: /time Magazine | Title: 3 Killed in House Explosion in Southern Texas | 6/19/2009 | See Source »

...every such hopeful moment, there are 20 more where Black licks feces, kebabs, nostrils or, in the absence of a clear target, the air in front of his face. There is no sign of his comic genius; his performance is all about tongue-waggling and showing the top portion of the whites of his eyes...

Author: /time Magazine | Title: Year One: Jokes from the Stone Age | 6/18/2009 | See Source »

...Petraeus. Nevertheless, he said he thinks participation in Yellow Ribbon is a "huge step in the right direction for Harvard.""Most Americans don't realize that the original G.I. Bill legislation of 1944 has been slowly eviscerated over the years, so that now it only covers a very small portion of the cost of going to college," Moulton said. "Yellow Ribbon is a great opportunity for schools to make up the difference, to restore that contract that America had with its veterans."While he applauded the Law School's and GSAS's generosity, Moulton said he was more wary about...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Schools Vary Widely In Level of Support for Veterans Aid | 6/18/2009 | See Source »

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