Heartland Newspapers - Insurance and Finance

No Benefits, More Burdens If Congress Ends Carried Interest

Jeff McKinley
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May 24, 2012
The practice of hedge fund managers being compensated through a carried interest in investment partnerships has received a lot of attention from some in Congress and President Obama.

Federal Reserve Okays Chinese Buyout of U.S. Bank

Ray Lehmann
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May 18, 2012
The Federal Reserve Board made history this past week, for the first time giving approval for a Chinese bank to purchase a U.S. bank.

Credit Card Lending to Sub-Prime Customers Climbs 41 Percent in One Year

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May 16, 2012
Credit card issuers are once again aggressively pursuing sub-prime customers.

Ag Bill Would Create Another Crop Insurance Entitlement

Ray Lehmann
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May 16, 2012
The Senate Agriculture Committee has approved a five-year, $480 billion farm bill that creates a new entitlement for federal insurance to cover farmers’ “shallow” losses of revenue.

Govt. Goes After Firm After It Downgrades US Debt

Steve Stanek
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May 15, 2012
Credit rating firm Egan-Jones cuts its rating on U.S. government debt to "AA" from "AA+" in April, with a negative watch.

Student Loan Debt Tops $1 Trillion; Some Want Loan Forgiveness

Steve Stanek
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May 15, 2012
As Congress debates whether to extend the current 3.4 percent interest rate on federal student loans or to let that rate expire and double to its previous level of 6.8 percent, there comes this new

The Cost of Radical ‘Densification’ in California Housing

Wendell Cox
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May 15, 2012
My April 9 commentary in The Wall Street Journal (“California Declares War on Suburbia”) outlined California's determination to virtually outlaw new detached housing.

Moral Hazard Worries Delay Mortgage Write-Down Decision

Steve Stanek
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May 15, 2012
Probably few mortgage borrowers know who Ed DeMarco is, yet millions of them collectively could save more than $700 billion if he decides to allow Fannie Mae and Freddie Mac to forgive some mortgag

Credit Ratings in Capital Regulation—Are They Really Going Away?

William Bergman
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May 15, 2012
Almost two years ago, on the heels of—if not still amidst—the worst financial crisis since the early 1930s, President Barack Obama signed the “Wall Street Reform and Consumer Protection Act of 2010

Home Prices Hit 10-Year Lows

Phil Britt
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May 14, 2012
Home prices hit new post-bubble lows nationally in February, reaching their lowest levels since 2002, according to the most recent S&P/Case-Shiller home price report.
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