Blame the Government for the Housing Bubble
"To me, the unsung villain of the mortgage crisis is the 30-year fixed rate self-amortizing mortgage with no prepayment penalty," says Megan McArdle at The Atlantic.
"To me, the unsung villain of the mortgage crisis is the 30-year fixed rate self-amortizing mortgage with no prepayment penalty," says Megan McArdle at The Atlantic. "This hothouse creature is beloved of liberals, who like any product that gives the consumer the power to shaft banks whenever it is to their advantage. And it is beloved of conservatives because it smacks of sober citizens taking on modest, stable obligations they can meet. But this product is about as stable as a nitroglycerine shot with a TNT chaser. The 30 year fixed rate mortgage was ultimately at the heart of the Savings and Loan crisis."
Both schizophrenics and people with a common personality type share similar brain patterns.
- A new study shows that people with a common personality type share brain activity with patients diagnosed with schizophrenia.
- The study gives insight into how the brain activity associated with mental illnesses relates to brain activity in healthy individuals.
- This finding not only improves our understanding of how the brain works but may one day be applied to treatments.
It's a development that could one day lead to much better treatments for osteoporosis, joint damage, and bone fractures.
- Scientists have isolated skeletal stem cells in adult and fetal bones for the first time.
- These cells could one day help treat damaged bone and cartilage.
- The team was able to grow skeletal stem cells from cells found within liposuctioned fat.
Gut bacteria play an important role in how you feel and think and how well your body fights off disease. New research shows that exercise can give your gut bacteria a boost.
- Two studies from the University of Illinois show that gut bacteria can be changed by exercise alone.
- Our understanding of how gut bacteria impacts our overall health is an emerging field, and this research sheds light on the many different ways exercise affects your body.
- Exercising to improve your gut bacteria will prevent diseases and encourage brain health.
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