Defiant Sheriff and Government’s SIV
August 8, 2008 by TFBHere are some interesting old news stories I found recently.
He’s Taking Law Into His Own Hands To Help Broke Homeowners (Wall Street Journal) - Via Credit Slips. A sheriff refuses to kick out foreclosed homeowners. A sheriff simply doesn’t possess the power of a judge. Well intentioned, but I think Mr. Green clearly crossed the line.
Subsidized in the City (Newsweek) - Thumb up for a 25-year-old girl from a wealthy family wanting to live on her own in New York city.
Struggling In Ohio As The Economy Tightens (NPR) - Via FatWallet. For some reason NPR changed the title of the article after I bookmarked it. It used to be “For Some Ohioans, Even Meat Is Out Of Reach.”
Federal Government Off-Balance Sheet Entities (Credit Slips) - Fannie Mae and Freddie Mac are the federal government’s Structured Investment Vehicles, in the same category as Enron’s off balance sheet vehicles Chewco and LJM1 and LJM2. Good thought.
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