Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.] By:David A. Smith Yesterday we saw, via a month-old article in Reuters (March 4, 2013), that FHFA director Ed DeMarco had decided to take a seemingly innocuous step, one that he cloaked in mild-mannered language – and yet, when the history is written, this will be seen as [...]
By:David A. Smith Unify the chassis, unify the companies: If that wasn’t Alfred Sloan’s motto at General Motors, it should have been, for it guided both Sloan’s GM and Lee Iacocca’s Chrysler – and it appears to be guiding the reluctant revolutionary, Ed DeMarco, who despite being alternatively ignored or excoriated by some Washington [...]
[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.] By:David A. Smith Previous posts in this week-long series have established that Cyprus was treated not as a nation, not even as a subsovereign state, but rather as a failed financial institution that needed to be forcibly recapitalized. We’ve [...]
[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] By:David A. Smith By now it’s clear that Cyprus has lost its sovereignty, accepted the certainty of a severe depression, and destroyed its economic prospects for a decade. The official lenders may see the second deal as a good [...]
[Continued from yesterday's Part 2 and the preceding Part 1.] By:David A. Smith In the past two days, we’ve seen what happened with the troika’s takeover of Cyprus’s two largest banks and how that happened. As the Cypriot economy is dominated by the banking sector, that completes a takeover of Cyprus in everything [...]
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