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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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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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Massive Anti-Bullying Law and Bullying Initiatives Were Based on Misleading Publicity
"It launched a hundred 'anti-bullying' initiatives at all levels of government, but much of what you think you know about" the Tyler Clementi case "is…
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Even Liberal Reporters Sour on Stimulus-Funded California Rail Boondoggle
Even reporters at the famously-liberal Los Angeles Times have soured on California’s $100 billion-plus rail boondoggle, whose cost will far outstrip whatever the state will…
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Liberal Tax Fantasies Punctured
Some liberals have the unrealistic fantasy that by increasing taxes on the top one percent of the population, the government can finance a radically…
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Liberal Justices Complain About American Law Being Too Protective of Civil Liberties and Colorblindness
Recently retired Justice John Paul Stevens, who became the leader of the Supreme Court's liberal bloc in his later years on the Court, complained recently…