n 1930, during the Great Depression, Babe Ruth was earning a salary of $80,000 a year. A reporter suggested that perhaps he was overpaid, since Herbert Hoover, the president of the United States, was only earning $75,000. Ruth replied, “Why not? I had a better year than he did.” If Congress can set loan officer [...]

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  big article – Money maze frustrates new TBW leaders – By Fred Hiers – Taylor, Bean & Whitaker Mortgage Corp.’s new leadership says the company resold or transferred billions of dollars worth of mortgages to multiple investors, each now claiming ownership of those assets. …“It appears [...]

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  When Will America Face Its Fiscal Crisis? – Bruce Bartlett – It’s up to the credit rating agencies to decide. – Like most economists, I ascribe completely to Herb Stein’s Law: Trends that can’t continue don’t. – more at Forbes ———— [...]

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