Striking a vital blow against accountability, Attorney General Peter Kilmartin endorsed the “50-state” settlement on foreclosure fraud yesterday, led by the Iowa Attorney General, Tom Miller. The settlement essentially allows banks to skip away from the… more »

by Guest Author Roger Erickson Our seemingly endless drama over national debt, deficits, wage taxes, spending, inflation, individual and corporate entitlements, bank bailouts, tax write-offs, and public spending is enough to keep middle-aged women up a… more »

Of course Fannie and Freddie are at least partially responsible, they purchased hundreds of billions of dollars of loans that were used to buy properties at what they should have recognized as bubble-inflated prices. If they had refused to buy such loans, it almost certainly would have brought the irrational exuberance of the housing bubble to a quick halt. more »