Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
Just as bad facts make for bad law, bad laws make for bad behavior and bad administration. Nowhere are these contradictions more visible than when adjacent jurisdictions that have a shared interest in macroeconomic health think they can get away with boundary exploitation by taxing more on our side of the fence [...]
As we predicted – reading the tea leaves wasn’t hard at all – my classmate Ben Bernanke has been renominated as Federal Reserve chairman, and will be reconfirmed sometime this fall, and for the reason we predicted, as made clear in this pair of Wall Street Journal articles:
File under ‘unflappable’
Obama Sticks With ‘Bold, [...]
[Continued from yesterday's Part 1].
Yesterday we met beleaguered Treasury Secretary Tim Geithner, the Administration’s point person on comprehensive post-catastrophe fundamental financial and regulatory reform, who having attained a position of power finds himself opposed not by his enemies but rather by his ostensible friends, his frustration boiling over as reported in the Wall Street Journal:
“You [...]
Turning slabs of excreta into regulatory fuel
In any new or emerging sector, business innovation always outpaces regulation – experimenting with giddy speed and venturing into that free libertarian space which sounds idyllic until the snakes of corruption slither in. Decadence and wild excess ensue, which is fun when it lasts, and then the world [...]
What do you mean, ignore anything maturing after 2010?
Ever since the capital markets’ implosion, Harvard Law School’s Lucian Bebchuk has been making a cottage industry of publishing provocative editorials, often in the Wall Street Journal, offering diagnoses of how we got here and prescriptions of what we should do to dig ourselves out. Running through [...]
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