The Office of Thrift Supervision of the U. S. Department of the Treasury has urged savings associations and holding companies under its purview to temporarily suspend foreclosures of owner-occupied homes until the Financial Stability Plan proposed Tuesday by Treasury Secretary Timothy Geithner is finalized. John M. Reich, OTS Director, says the plan will be in place [...]
Posts under ‘Uncategorized’
Crystal Balls, Becons, & the Future of Economics
At least one of those who predicted the financial meltdown reportedly did so with the help of behavioral economics. David Ignatious of the Washington Post reports that Nouriel Roubini
“. . . decided to discard the assumption of market rationality that underlies most economics and to embrace the psychological insights of what’s known as ‘behavioral economics.’ [...]
Law and the Right to be Special
Everyone is the same, yet every one is unique. Everyone enters and leaves this world, yet every one lives a unique life and time, and makes choices concerning family, work, spirituality, property, and many other things.
Maturity presents choices not present in younger days - choices about how and where to live, who will provide basic [...]