Word: starker
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...CoreLogic figures there were already 11 million homeowners in that position at the end of last year, and Moody's Economy.com estimates we had reached 15 million by the end of March. The Deutsche Bank projection assumes that house prices nationwide will drop an additional 14%. That forecast is starker than most, and if it doesn't come to pass, the problem of underwater borrowers won't be nearly as severe. (See how Americans are spending...
...better tying compensation to long-term risks. That leaves the White House vulnerable in the coming months. If Wall Street decides to cash in on its recent winnings despite the public rhetoric of the Administration, the contrast with the nation's still growing unemployment rate couldn't be starker. "It's just got to feel wrong to a lot of people," says Douglas Elliott, a fellow at the Brookings Institution, speaking of the Goldman compensation announcement. "It seems to me a political mistake...
...brought low. On ABC's Hank, a CEO gets downsized; on Fox's Brothers, an NFL star goes broke; and on the same network's Sons of Tucson, a banker goes to jail for corporate crimes. (In Hollywood, they call that wish fulfillment.) The reality-show premises are even starker: "desperate" entrepreneurs plead for financing on ABC's Shark Tank; on Fox's Somebody's Gotta Go, employees of an actual small business each week will vote on which one of them should be laid off; on CBS's Undercover Boss, execs take on dirty jobs in their own companies...
...start. Obama shouldn't stop at declassifying the memos. He needs to launch a full-scale investigation into our intelligence-gathering practices over the past eight years, because once you get past the details of what was made legal to fight the war on terrorism, there's an even starker realization: we tortured people for almost no verifiable information...
...starker reality is that the sorts of loans Freddie and Fannie tend to hold - the better ones - are only now starting to really run into trouble. In February, 2.13% of single-family mortgages at Freddie were delinquent. That was up from 1.98% the month before, and up from 0.74% a year ago. As the economy stagnates and unemployment rises, Freddie and Fannie loans are at risk in a way they weren't when the primary issues were things like interest-rate resets and loans having been made to people who couldn't afford them in the first place. The research...