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Could all this economic mayhem actually be healthy on some level, or is that some lame attempt at finding a silver lining on something that has no upside? It's difficult to say there is a bright side, but it's clear we were drowning in phony numbers and a day of reckoning was long overdue. Perhaps the surprise is that it took so long for it to happen. ...more
December 19, 2008
The federal government is poised for a massive bailout of some of our largest mortgage banks and to help homeowners facing foreclosure land loans that are less expensive. All of that pulls at most folks' heartstrings, and it should in many cases. However, we must tread carefully when making decisions like this that will cost all taxpayers a lot of money. ...more
July 25, 2008
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