In tough times like this, it seems some of our fellow Tri-Citians have found a novel way of making a few extra bucks: by turning in criminals. So far this year, Crime Stoppers has paid out $3,800 in rewards to 20 people, with $1,400 given just in October and November, said Mike Blatman, the law […]
Tag Archives | economy
Mortgage Crisis Didn’t Happen Overnight
From the New York Times in 1999: Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. In addition, banks, thrift institutions and mortgage […]
Peter Schiff Predicts the Recession (in 2006)
Bailout: I hate it. I think it’s a terrible idea. When the problem is too many loans, too many bad loans, too many loans that can’t be paid back, etc., the last thing the government should be doing is giving money to banks so they can keep making loans. We don’t need more loans, we […]