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There's yet another proposal to get the government out of the mortgage-guarantee business

Feb 4, 2019
One of the last big unresolved issues from the financial crisis is what to do about Fannie Mae and Freddie Mac. Together with government-owned Ginnie Mae, they own or guarantee more than half the home loans in the country. Fannie and Freddie have been under conservatorship — bascially government protection and control — since 2008, […]
Mortgage finance company Freddie Mac says rates on 30-year fixed mortgages fell below 3% this week. For some people, that's a chance to refinance.
Win McNamee/Getty Images

Why the Fed's balance sheet is making markets nervous

Jan 3, 2019
Robert Kaplan, the president of the Federal Reserve Bank of Dallas, on Thursday told Bloomberg that the Fed ought to think about slowing down how quickly it’s shrinking its balance sheet. What’s a balance sheet? It’s a ledger of the Fed’s assets and liabilities that, in the middle of the financial crisis, the Fed expanded as […]
The U.S. Federal Trade Commission building in Washington, D.C.

How temp workers became the norm in America

Nov 15, 2018
10 years after the Great Recession companies have increased their dependence on non-permanent workers.
Nissan auto factory workers (from left to right) Eric Hearn, Travis Parks and Antonio Ivy. 
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The CEO of Charles Schwab on money, growth and competition

Oct 31, 2018
“We generate less revenue per dollar on every client asset than anyone else,” Walt Bettinger says.
Walt Bettinger, CEO of Charles Schwab.
Charles Schwab

What Orson Welles and "War of the Worlds" taught us about economic panic

Oct 31, 2018
About 80 years ago, a radio dramatization of an alien attack spread panic through the airwaves. That sense of fear can also manifest itself in the world of economics.
Orson Welles (1915 - 1985), American actor, producer, writer and director. In 1938 his radio production of H G Wells's "The War of the Worlds" caused panic.
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