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...culture of management at these companies needs to be rethought. They've got to stop catching the car with their teeth and overpaying for talent...
...baseball analogy, I'd say we're probably in the middle of the sixth inning. We don't see foreclosure activity peaking until sometime in 2010, and we probably won't be down to normal levels of foreclosure inventory until sometime in 2013. Year to date, we've already seen about 2.3 million households receive a foreclosure notice. That's roughly the same amount we had all of last year. We're looking at nearly 7 million households that are past due on their loans or already in foreclosure. There's a pipeline of potential trouble. (Read "Grass-Roots Efforts...
...example, one of the delays in processing foreclosures right now is that the servicers are trying to make sure that every loan in their portfolio either qualifies or doesn't qualify for HAMP [Home Affordable Modification Program, the Federal Government's attempt to incentivize more modifications]. Even if you've already screened a loan to see if it might qualify for your own modification programs, now you're going to go back and rescreen it. That takes an awful lot of time to work through...
...Gore's An Inconvenient Truth is that he has his facts wrong about the snows of Kilimanjaro. Yes, those immortal snows are vanishing (actually, they're glaciers, but we can blame Ernest Hemingway for that bit of poetic license), as Gore's global-warming documentary contends, but they've been receding since the early 1900s at least - long before the planet began to warm...
...with Schumer's plan, and it will be many weeks' worth of amendments before it is known if Democrats have the votes to pass it. Even if it fails, says Senator Nelson, Schumer will have no problem adapting to the political reality. "Chuck is the most pragmatic man I've ever met," Nelson says with a laugh. Yet it's clear that Schumer is a long way off from calling his public option a lost cause just...