My review of new books on the Fed, the fall of Lehman and the mortgage crisis is now up at BookForum, where the latest issue is devoted to the subject of work.
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There is a wonderful, almost mystical, law of nature that says three of the things we want most — happiness, freedom and peace of mind — are always attained when we give them to others.
— John Wooden
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In the last 2 years, the entire housing industry has seen major declines in home values due to the huge rise in defaults. They only care about making sure the loan is performing. What has happened is that all of the people that qualified for home loans for people with bad credit are now going into default on their loans.