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The bankruptcy of Lehman Brothers, the sale of Merrill Lynch to Bank of America, the 500 plunge of the Dow, the government takeover of AIG--all these have got the presidential candidates talking about the economy. But both Barack Obama and John McCain have been vague a
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kubki stanley ated in the finance sector, and that s the part of the economy the average voter knows least about. Moreover, the political blame is widely dispersed. George W. Bush and Bill Clinton and Democrats and Republicans in Congress have all pushed policies to increase home ownership. The problem is that many marginal home buyers were unable to pay their mortgages when house prices fell. Another problem: Under a long-standing regulatory regime, the firms that rated packages of securitized mortgages were paid by the sellers rather than the buyers. Some of those mortgage securities turned out to be worth less than buyers thought.And strong arguments were made that the biggest dealers of securitized mortgages, the government-sponsored enterprises Fannie Mae and Freddie Mac, were overleveraged. The Bush administration and some Republicans in Congress tried to place limits on the GSEs investments, but this was successfully resisted by most Democrats and by some Republicans. Strong lobbying prevailed over strong arguments, and Fan and Fred are now in federal conservatorship.It s hard to make a 30-second spot
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The iPhone 5S may have a fancy new dual-LED flash, but ultimately, it doesn ;t make that much difference.
stanley mugs Low-light pictures continue to the bane of the phone photographer existence, and every blurry, noisy, and/or blown-out shot from a dimly lit bar is a painful reminder. This new case from Brick and Pixel called the Lightstrap might just change that. iPhone 5S Review: A Great Phone, With a Whole Lot of Buts Lightstrap is, essentially, a flash-boosting case for the iPhone 5 and 5S. Not only is Lightstrap 10 times brighter than the flash on the iPhone 5S, it is a nicely diffused arr
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