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Category Archives: Economics
What Caused The Housing Boom And Bust?
Dennis Prager talked to economist Tom Sowell, 79, on Dec. 15, 2009 about his new book “The Housing Boom and Bust”. Dennis: “Who caused this bust?” Tom: “Government. The people who were forced directly to make the bad loans under … Continue reading
Posted in Dennis Prager, Economics
Tagged community reinvestment act, community reinvestment act 1977, Dennis Prager, fannie mae and freddie mac, income minorities, tom sowell
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Reforming CA’s Tax System
Yisroel Pensack writes: A Chula Vista attorney has submitted a proposal to the California Attorney General’s office for a constitutional amendment that would overhaul the state’s tax system via the voter initiative and referendum process. Frank D. Walker, 58, the … Continue reading
Posted in California, Economics
Tagged annual incomes, california attorney general, income tax rate, state income tax, state income tax rate, voter initiative
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Writers In Trouble
John Scalzi writes: Writers are often attracted to other creative folks, including other writers. Nothing wrong with this in a general sense, mind you. We all love who we love, and what’s not to love about another witty, smart and … Continue reading
Posted in Economics
Tagged creative folks, finance skills, flakiness, john scalzi, poor finance
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I See No Hope For The Economy
It’s impossible to get a loan from a bank these days unless you have a credit score north of 700 and considerable documentable income. The debt securitization market provided about 60% of lending money over the past few years. It … Continue reading
Posted in Economics
Tagged commercial property loans, consumer loans, credit card loans, debt securitization, real estate securities, security markets
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Law Vs Medicine
A lawyer friend emails: Regarding my own experience, I’m a bit of a nerd, and I do not flash my money or drive an expensive car. Perhaps this is to my detriment. On the other hand, I did retire at … Continue reading
Posted in Economics
Tagged choices in life, drawing power, friend emails, healthcare reforms, lawyer friend, seven deadly sins, young doctors
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