The administration has failed to understand the psychology of job creation. Small businesses and community banks have lost confidence in their economic future and are unwilling to invest capital.
When you outsource, your control is weakened. Vendors may not believe that their revenues depend much on whether your customers get more value - or even a fair deal.
August was a difficult month for bank stocks. The situation reflects a crisis of strategy. Most banks have not addressed their fundamental cost-structure imbalance.
Outside investors living in other, predominantly white neighborhoods, not local homeowners, account for the foreclosures in our nation's black communities.
President Obama should acknowledge that something is seriously wrong with the government's response to the financial crisis of 2008 and chart a new course.
It is hard to believe from what's been disclosed in the subprime aftermath that Fannie and Freddie executives didn't know a lot more about the risks than the FHFA court filings indicate.
Is it worth delaying a bottoming-out of the housing market, and allowing some delinquent borrowers to freeload for a time, in order to prevent the rare but documented instances of someone being wrongly foreclosed on?
