Interesting to see it wasn’t just Democrats like Barney Frank responsible for “feel-good” policies related to loosening standards for home ownership. Sunday’s NY Times lead story covers the White House’s role in enabling more unqualified borrowers to buy houses.
Ultimately, there are a LOT of people to blame — from the executives @ Fannie Mae and Freddie Mac to the individuals who signed up for mortgages they couldn’t afford.
As harsh as it may sound the net-net on this is that while home ownership should be encouraged, there are certain people in society who shouldn’t buy a home — meaning, the gov’t shouldn’t bend over backwards to create special programs for EVERYONE — because they just aren’t capable of handling that much responsibility.
Posted 1 year, 8 months ago at 6:32 pm. Add a comment
Oil closed below $34 a barrel (on the NY Mercantile Exchange) on Friday 12/19 — lowest levels in ~5 years and nearly 80% off its highs from over the summer. The price of Brent North Sea oil, which is the most commonly referenced price, closed around $43/barrel. Amazing times!
Posted 1 year, 8 months ago at 3:54 am. Add a comment
Another thing I have in common with Barack Obama — his love of basketball. It has become the “semiofficial sport of the White House” according to an article in today’s Wall Street Journal.
Sure would be fun to be part of Obama’s regular pick-up game!
Posted 1 year, 8 months ago at 12:17 pm. Add a comment
Jon Favreau — no relation to the Swingers actor/writer — who is Obama’s Chief Speechwiter, is only 27 years old. Great article in today’s Washington Post.
Posted 1 year, 8 months ago at 2:07 pm. 1 comment
I always like seeing what Cringely thinks is in store for the year ahead. Here’s his 2008 year-end review and look ahead to ‘09.
Posted 1 year, 8 months ago at 3:24 am. Add a comment
Congrats to Mike Jones, Steve Schepke and the rest of the team for the official launch of Tsavo Agency!
I’m very proud of everything we’ve built together and although my day-to-day role at the company is ending, I’ll be actively rooting from the sidelines!
Posted 1 year, 8 months ago at 9:33 am. Add a comment