In April 1997, a public bank was able to respond to a massive flood in Grand Forks, N.D., in ways that privately owned banks could not or, perhaps, would not. Could public banks help in other disasters, such as superstorm Sandy?
'Federal spending' figures are not reliable markers. In reality, the federal government spends about 30 percent more than it admits.
Job growth and spending are showing signs of life, but the biggest continuing problem for most Americans is their homes.
With the housing market crash continuing on government time, it should be no surprise that the FHA’s cash reserves have fallen to such a level that the odds are 50/50 the agency will run out of money and be looking to the Treasury to keep its doors open.