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$26 Billion Mortgage Settlement Rips Off Investors to Trim Banks’ Massive Costs of Bailing Out Deadbeat Borrowers
The $26 billion mortgage settlement announced yesterday is bad news for “bond investors including pension funds, according to Pacific Investment Management Co.’s Scott Simon,”…
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The STOCK Act’s Muzzle and How to Fix it in Conference (Update)
My colleagues David Bier and Ryan Radia contributed to this post. Per the scenario in a previous post, it’s April 2012. You are a…
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Today’s Links: February 10, 2012
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Principles of Law: Simplicity is Beautiful
Countries across the world have turned to democracy in recent decades. There are still a few monarchies here and there, and plenty of dictatorships. Cuba…
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Time to Pay Your Neighbor’s Mortgage, Again
The Justice Department, state attorneys general, and the biggest banks have reached an agreement to provide at least $26 billion to delinquent mortgage borrowers and…
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CEI Podcast for February 9, 2012: The Immigration Tariff
Alex Nowrasteh proposes scrapping the complex and unfair immigration system and replacing it with a tariff. This is a much more humane approach to immigration,…