Good morning. Hope you had a good weekend. This morning, the Blob That Ate Monetary Policy and more!
The Blob that ate monetary policy (Wall Street Journal)
Obama’s too-big-to-fail plan is to dumb to pass (Bloomberg)
Don’t bank on your home as an ATM (Los Angeles Times)
The coming decades won’t repeat the dramatic rise in real estate values that previous generations experienced, economists say. It may be time to return to viewing the home simply as a place to live.
The discovery that Countrywide Financial Corp. recorded phone conversations with borrowers in a controversial mortgage program that included public officials — and that those recordings have been destroyed — has prompted new congressional calls for more information about the program.
It’s one of those things that irks charitable givers no end — the high salaries paid to some nonprofit CEOs.
And a new study by The Chronicle of Philanthropy, released Monday, shows that the top pay at the nation’s largest nonprofits rose again last year, with some eye-popping results. But the survey also found signs that these high-dollar salaries may be starting to turn around.
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