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Credit Ratings

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  • Baltimore is about to sell off its public housing. Someone is going to make money-and that's the plan.

    It was only a month ago that most Baltimoreans learned that the Housing Authority of Baltimore City (HABC) is contracting to sell off about half of its 10,300 federally subsidized low- income apartments to private companies.
  • Bond Market Bingo

    Today Treasury Secretary Tim Geithner unveiled his plan to save the financial system. The response has been predictable: bankers and Wall Streeters love it, normal people don't understand it, and a sliver of taxpayers with the fortitude to check it out...

    Geithner's Gift

    (hat tip Ryan Chittum at CJR) Fortune magazine has a look at the TALF—that's Term Asset Loan Fund—and finds that the federal government's $1 trillion deal for investors who want to help bail out credit card companies, holders of auto and...

    Mortgage Fraud Foreclosure Fraud, Part III

    The New York Times' David Streitfeld visits the woman whose foreclosure allegedly started what some are calling "foreclosure-gate." While I'm not sure how anyone can say for certain that this is the Alpha case, it is a very good story. Streitfeld quotes...

    Education to Win the Future!

    So if we're gonna "win the future" (in the president's winning phrase) we're all gonna need s'more book-learnin', according to just about all the important economists in the United States. Just a few months back, one of them, employed at the Federal...