Defiant Sheriff and Government’s SIV

By Harry Sit

Here 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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Posted on August 8, 2008 under News.

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