One of my biggest concerns about the ongoing mortgage situation is the continuing (or even growing) use of anecdotes about what brokers and lenders did to excuse homebuyers from taking any responsibility for their actions.
From Dwight Eisenhower's farewell address:
...As we peer into society's future, we -- you and I, and our government --must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.
There are times that George W. Bush's audacity on budget matters is truly breathtaking.
The president last week said that Congress hadn't done enough to slow the growth of earmarks and had directed OMB Director Jim Nussle to consider ways not to spend the designated funds.
Unlike some of the others you see on TV, Steve Liesman, the economist-in-chief at CNBC, is an excellent reporter (Full disclosure: I know Steve and for years have had the opportunity to talk with him in front of and behind the camera).
Tom Sietsma, the Washington Post's restaurant critic, is a good man. Take a look.
My Beautiful and Talented Wife (The BTW) and I took the restaurant up on its offer to come back for another try a week ago and the cooking, indeed the whole experience, was spectacular. It was like a date for BTW and me, which after being together for almost three decades, is a wonderful thing to be able to say and do.
Tom...I owe you.