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...Fannie and Freddie backed before they were taken over. Furthermore, part of the mandate of the current conservatorship has been to use Fannie and Freddie to stabilize the mortgage market and reduce foreclosures. Fannie and Freddie now back nearly 70% of all the mortgage loans made this year, a sign that the two companies have been active in helping people get new loans or refinance existing ones. And mortgage rates, though up recently, are down from where they were when the companies were taken over, a further indication that their added liquidity is helping. Foreclosures continue to rise...

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

...meet up with fractious Cain (David Cross) and his brother Abel (Paul Rudd). But for 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 »

...ancient history to Iran's fledgling democratic movement, and history the Op-Ed pages of our newspapers would prefer to forget. But at the very least, it should be a reminder that, when it comes to political leaders, there are no good choices in Iran. It is a promising sign that Mousavi has put his violent past behind him, as has Iran for the most part, but let's not completely forget his far-from-democratic roots...

Author: /time Magazine | Title: Robert Baer: Don't Forget Mousavi's Bloody Past | 6/18/2009 | See Source »

...clearest sign of Kennedy's absence from the committee is what's still missing from the draft legislation. Committee chair members on Capitol Hill generally prefer to go into markup with a version of a bill that is as close as possible to what they expect to see in the finished product. However, the HELP Committee will begin its work with one that is missing many of its central components. Among the contentious items still to be worked out are the shape of a government-run public health plan to compete with private insurance and an expected requirement that nearly...

Author: /time Magazine | Title: Kennedy's Absence Felt on Health-Care Reform | 6/17/2009 | See Source »

...Democrat Ron Wyden, would mandate that everyone purchase health insurance and be able to prove it - similar to auto insurance - and would subsidize those who can't afford it. It envisions ultimately reducing the rolls of those on employer-based health insurance on the presumption that most people would sign up for state-based private plans, which would be able to pool more effectively to keep down costs. It's the only plan that's been scored by the Congressional Budget Office as deficit neutral, and it lays out a more comprehensive approach. Senator Judd Gregg, the top Republican...

Author: /time Magazine | Title: The GOP's New Health-Care Alternative. Join the Line | 6/17/2009 | See Source »

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