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Here We Go Again: Sacramento Sells $425,000 Pads With No Money Down

Here We Go Again: Sacramento Sells $425,000 Pads With No Money Down

There were plenty of bad actors that contributed to the housing crisis in 2009...the banks that underwrote mortgages for people that they knew couldn't afford the home they were buying and then turned around and sold those loans to unsuspecting insurance companies via RMBS structures...the high school janitor making $50,000 a year who suddenly figured he could afford a $750,000 home...the 22-year-old Las Vegas stripper who took out millions in mortgages so she could make "easy money" flipping homes...there was plenty of blame to go around. 

Mnuchin Says White House Is "Focused On Finding A Successor To Yellen"

Mnuchin Says White House Is "Focused On Finding A Successor To Yellen"

President Donald Trump is a showman whose love for spectacle has transformed even mundane personnel decisions into elaborate pageants - as the New York Times pointed out last night.

And of all the turmoil in the administration's process of hiring, and firing, employees, nothing has quite underscored this fact more clearly than Trump's quest to select Fed Chairwoman Janet Yellen's successor before he term ends in February.

OxyContin Nation: Meet The Billionaire Family Who Helped Spark America's Opiod Crisis

OxyContin Nation: Meet The Billionaire Family Who Helped Spark America's Opiod Crisis

Unbeknownst to many, the Sackler Family, with assets of $13 billion, the nation’s 19th wealthiest family is one the top players in philanthropy. You can find the Sackler Gallery in the Smithsonian museum in Washington, D.C. or visit the Sackler wing at the Metropolitan Museum of Art in New York City. The Sackler’s even have a museum at Harvard, Guggenheim, and dozen of universities around the country. If it’s art— the Sackler family has it.

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