Still the Age of Reagan: Long Waves in American Politics

John Peeler: I suggest that as bad as things are, economically, politically, socially, they are not bad enough to permanently shift the way we think, to force changes in what we consider to be common sense. Such a fundamental reshaping of the political landscape has occurred only a few times in our history.

And Now Homeowners

homeowners

The two most important features of the administration’s plan to help homeowners are, first, its support for amending bankruptcy laws to allow judges to modify mortgages. This will give homeowners bargaining leverage with mortgage servicers (and give the servicers more leverage with securitized creditors on up the line) to get better terms; and, second, a […]

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