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FHFA Issues Subpoenas for PLS Documents

…are no longer in business (New Century, etc.), however most of the PLS issuers still exist. Update: From the The Washington Post Fannie and Freddie together own about $255 billion…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

Raising Future Taxes Yet Again

…tax cuts were crucial to spurring economic growth over the past three years, by persuading more corporations to offer larger dividends and by sparking new business investment. …”It was as…

“Freedom to Farm”: GOP Hypocrisy – then and now

…wonders of the 1996 so-called Freedom to Farm Act (the last major previous farm legislation). Such praise vivifies how few people in Washington look beyond the deceptive label congressmen attached…

…keep consumer spending up–mortgages and cars–but haven’t similarly stimulated business investment), the falling dollar (good for exporters; bad for domestic firms that buy a lot of inputs from abroad), rising…