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...tenants probably won't be large. There are many alternatives that must be pursued first, including loan modification and trying to sell the house for less than it's worth. Only people who exhaust other options and are eligible for a deed in lieu of foreclosure - a process of handing over the deed in exchange for loan forgiveness - will have the option to rent. In the first nine months of 2009, Fannie Mae executed just under 2,000 deed-in-lieu transactions - the pool from which renters will come. Freddie Mac, another federal housing agency, has been offering leases...
However, the process of creating the legislation Pelosi worked so hard to pass is less than perfect and in dire need of reform. The fact that few legislators had actually read the contents of the House bill prior to its passage and the sheer haste of the bill’s composition are detrimental to our system of governance. Legislation that as impactful and permanent as this ought to be carefully deliberated upon and debated, not hastily patched together to meet artificial deadlines...
...second book going? It's a scary process. I sit in my little office and I feel like I've got all my readers staring at me. The first book you write because of the way it makes you feel. The second one you can't help but wonder how it's going to make the reader feel. That's something I'd never thought about before...
...Afghanistan. "They have a track record," a member of Obama's decision-making team recently said of Generals Petraeus and Stanley McChrystal. "I tend to give them the benefit of the doubt." True enough, but the mystery at the heart of The Good Soldiers remains: By what magic process did Iraq turn around, especially since the counterinsurgency tactics were so unevenly applied? Was it merely the doctrine - or did the ethnic cleansing of Baghdad neighborhoods and the sheer exhaustion after five years of astonishing fraternal brutality have something to do with...
...asked at one of his first strategy briefings, I'm told. Helmand province is where the opium crop and a lot of the bad guys are. According to counterinsurgency doctrine, the troops should have been sent to secure the Pashtun population center - Kandahar city, which is now in the process of slipping into Taliban control. The military has been shockingly slow when it comes to matching U.S. training companies with Afghan battalions. No such joint units currently exist. The press has been led to a model town in Helmand, where counterinsurgency seems to be working...