Ms. Waters. After 2007, i think that overleveraged issue sort of prove the point. And looking at the headlines the headlines read government keeps pushing mortgage guarantees as risk index rises. Heres another headline. Fhfa orders of gses to start supporting Affordable Housing trust fund. Surprisingly the year is not 2005. Its 2015. And so we find the fha today engaged in this race with fannie and freddie to see who can more swiftly cracked up the private sector, who cant assume more risk on behalf of the american taxpayer. I would just point out this is kind of a frightening race because in my view we have seen it before. The fhfa has joined sort of a moral hazard problem here. And in december you announced the gses should begin to put more money into the coffers of Housing Advocacy groups through the Housing Trust fund established under the housing and economic recovery act. And you made this move despite the fact that fannie and freddie have yet to repay a lot of the money due to t
Thank you, dan. My book which was released in november has a title with a slight sense of irony, free market is in quotes and a talk about how the free market which we think of as the quintessential opposite of the government was created by the government. This is clearly a pushback against some of the talk we hear recently to keep the government out of health care, keep the government out of my medicare, is the government up to the task of reforming the Health Care System . After the shaky roll out of the Insurance Exchange is, is it up to the task of really anything . I started this book in 2008 a four there was an obamacare or even a president obama, but it has a lot to say about the Affordable Care act and white is the way it is and the content. So it was in a way fortuitous that events play themselves out as they did so that i can really lead up to whats happening today, which is very much part of the historical picture. I start out with the conventional view, or at least the wide
Its a financial calculation. The one thing we talked about in the book and i dont know how it is for many people but the founder of paypal scholarships he recruits the top students in the country like harvard doesnt he pays them to work with him and the other students. They get paid to go. They make a deal where teal and the company get a percentage of what these young people make as a result of this experience. Its investing in Human Capital and its an interesting idea. One and it do to david wants me to tell quickly, after graduate school i went to law school harbor golf school. I lived in the dorm and it became known as the College Proctor which is kind of funny. People were disaffected and wanting to leave college and i told them they were probably better off to stay. One of my freshman graduated in medical school and became a proctor. He one of them was a entrench a tent and couldnt talk him into staying said john asked me to talk to this young man bill gates. I talked to him and
Thank you, again, for joining us. In the past few days if its any indicator the next two years of divided government in washington will be a doozy. Consider this, the acting attorney general in what some would call a contentious hearing and what some others would call a partisan circus, and thats just the beginning of the hearings and investigations on the horizon. Then theres the new focus on climate change, for example, the Green New Deal unveiled by a veteran lawmaker from massachusetts and a young congresswoman from new york whom the right has in their cross hairs. As to that the already long line of democrats taking on the president in the 2020 campaign. And lest we forget immigration. President trump holds a rally in el paso, texas, monday to make his case yet again for a border wall. And the clock is ticking, again, toward yet another government shutdown. That is because President Trump and lawmakers have a friday deadline to make a deal about Border Security. Mr. Trump still wa
In 1980, thanks to the inspiration of the late Earl Nightingale’s radio program titled “Our Changing World,” I began my own five-day-a-week daily program titled “How to Plan Your Life.”