Archive for April 22nd, 2013

Bouncing Checks Fallout of Foreclosure Crisis


Monday April 22nd, 2013   •   Posted by K. Lloyd Billingsley at 9:00am PST   •   4 Comments

After the mortgage crisis left many homeowners in foreclosure, the federal government cut a $3.6 billion settlement with banks accused of wrongful evictions and such. But now those settlement checks are being returned for “insufficient funds.” As the New York Times noted, the government chose Rust Consulting to distribute the checks. But Rust failed...
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An Academic Controversy with Real World Consequences


Monday April 22nd, 2013   •   Posted by Craig Eyermann at 7:20am PST   •   4 Comments

As a rule, most things that academics argue most about among themselves tend to have very few or little real world consequences. At least, that’s the main insight of what has become known as Sayre’s Law, which states: “Academic politics is the most vicious and bitter form of politics, because the stakes are so...
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