Posts Tagged ‘free market’
Mad Cow: A test the Bush Administration doesn’t like
Less than 1 percent of slaughtered cows are currently tested for Mad Cow disease under Agriculture Department guidelines, because the agency believes that more widespread testing does not guarantee food safety and could result in a false positive that scares consumers. So when Kansas-based Creekstone Farms Premium Beef tried to increase testing to reassure [...]
The housing market mess; connecting some dots
It is getting time for a complete overhaul of the whole housing market in the US, rather than just messing with edges. Two different stories in the Minneapolis StarTribune this morning illustrate why.
First is the story about all the people applying for Section 8 assistance. Recently about 3,700 people took applications, for one of [...]
Mortgage securitizers fiddle as Rome burns
The NYTimes has a piece on the 5th Annual Conference of the American Securitization Forum held in Las Vegas. These are the guys who played a major role in bring us the current foreclosure mess. Well while the rest of the country and the world for that matter mucks its way out of the mess [...]
Mortgage fraud, another Enron?
The StarTribune reported today on another criminal investigation of mortgage fraud. While it is a good thing that someone is going after these people for the fraud they have committed, it would have been much better if someone had been guarding the hen house in the first place. The eggs are now gone and a [...]
