The $700 billion that Treasury Secretary Hank Paulson is requesting from Congress to restore liquidity in the financial markets is a breathtaking sum of money. But it is also important to remember Paulson has already committed $200 billion to recapitalize Fannie Mae and Freddie Mac. The size of their bailout …
A Positive Trend in Legal Thinking – InsiderOnline U.S. judges should be guided by U.S. law, not the judgments of foreign courts. However, there is one trend in foreign jurisprudence that U.S. judges should note: Other nation’s courts, reports the New York Times, are citing U.S. Supreme Court decisions… Biden …
Forget the over-hyped bogeymen net neutrality and the ever-more-omniscient Googleplex. The real threat to Internet freedom comes from plain old criminal law. In three weeks time, Missouri housewife Lori Drew will face trial for entering false personal details when she signed up for a MySpace account. Her indictment alone, whether …
As a general principle, conservatives believe government should not intervene to protect those who have made poor business decisions — even if those decisions have been influenced by excessive government regulation. But there can be rare situations where the cumulative effect of many bad decisions in one sector of the …
The following language was circulated on Capitol Hill this morning as Treasury’s plan to purchase residential or commercial mortgages. Heritage released eight goals and strategies that should guide lawmakers during the debate this coming week. LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS Section 1. Short Title. This Act …
Roundup of Op-Ed’s from the Heritage Foundation Should Washington loan the Big Three automakers $50 billion to develop fuel-efficient vehicles? No By Nick Loris and James Gattuso Regardless of whether such an assertion holds true for Freddie Mac and Fannie Mae, that argument does not hold water for the auto …
