Paling Kings

“Most of us are allowed to go through the span of life allotted to us in actuarial tables.” from The Echo newspaper, November 1, 1869 Except the tables don’t tell the whole tale, do they? There are also qualitative burdens—especially when it comes to certain folks, say for example kings, who: …must bear all. O …

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What Does “Stabilizing Housing Prices” Mean?

An American walks into a bank and obtains a mortgage loan he can’t afford—be it an ARM, interest only, or even a 30-year fixed. Because of the risky loan, he’s able to pay more for a house than he otherwise would have. If he hadn’t obtained a mortgage on the house he wanted, it seems …

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