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Special Feature: The rent's unpaid, dear.
Fiscal infelicity, two (or more) open trustee seats, a deep endowment draw in a rough market. Not to mention the Second Dartmouth College Case. Jim Kim & Co. have a lot to contemplate. Dartblog brings you news and commentary from Hanover and the world at large.
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Neutralizing F.N.M., F.R.E.
MarketWatch carries the tremendous headline “Ready to Rally” this morn on the news that the government is, for now, erasing the ‘private’ part of the public/private mortgage organizations. (The conservatorship, we have been promised, will be used to scale down and then to take private both companies.)
Happily neither presidential candidate will waste time railing against a bailout, since they know most people would prefer to remain in their homes; and the move, as Bob Hansen explains in an excellent post, is more of a punt than a bailout.
Those who are calling this a bailout at the taxpayer’s expense should think twice. This is a takeover, and it is not being done at a premium. The government is basically dictating quite onerous terms, beginning with the firing of both CEOs and warrants to buy up to 80% of both firms at nominal cost. I think my Ricardian tax liability just went down — I will in fact go celebrate.
Featured posts
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October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but… -
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,… -
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one… -
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called… -
August 23, 2009
Fare Thee Well, Tom Crady
And now Dean Tom Crady has precipitously announced his departure from the College after only 20 months on the job. How to read this? By way of background, prior to coming to Dartmouth, Crady had… -
May 31, 2009
Kangaroo Court, Indeed
In an interview with The Dartmouth, alumni-elected trustee T.J. Rodgers ‘70 explained his reasons for declining to participate in future evaluations of trustees up for “re-election,” namely the “kangaroo court” nature of such discussion in…