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Click here for John Gittelsohn & Jody Shenn, "Banks Face Two-Front War on Bad Mortgages, Flawed Foreclosures," Bloomberg News. Click here for Peter Coy, Paul M. Barrett, and Chad Terhune, "Mortgage Mess: Shredding the Dream," Bloomberg Businessweek. "When you say you lose a $1.5 million negotiable instrument–that doesn’t happen."

They set up an insurance system so that lenders would be repaid in the case of a default, to prevent foreclosures. New Deal policy makers created fannie mae, originally called the Federal National.

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Schiff needs to go head to head with Hudson. I pay good money to see that. Schiff deliberately avoids the advantage that compound interest gives savers over workers – his Austrian ideas cannot be effective in a debt money system yet he gives austerity advice to the populace without first stating that the system must change first.

A variety of other retailers – including carriers AT&T (T, Fortune 500), Verizon (VZ, Fortune 500) and Sprint (S, Fortune 500) – will also have the iPhone 5 available for sale on Friday, but their stashes could go fast.A total of zero people were in line at a Radio Shack less than a block away from Grand Central shortly before the iPhone was slated to go on sale.

Banks Face Two-Front War on Bad Mortgages, Flawed Foreclosures (23 Oct 2001) UK banks face tax of just 0.04 per cent (22 oct 2010) Coalition’s 0.1% tax on banks branded ‘pathetic’ (22 Oct 2010) City shrugs its shoulders as UK bank levy is unveiled (22 Oct 2010) IFS analysis of tax and benefit changes (22 Oct 2010)

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