WASHINGTON — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The administration's...
How a Credit Card Loan's Fast and Easy Cash Can Cost You
Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. In recent months, two of the largest credit...
As Hedge Funds Fight for Control of PG&E, Here Is How Workers See It
As the elected leader of the International Brotherhood of Electrical Workers Local 1245, which represents approximately 12,000 frontline utility workers at Pacific Gas & Electric Co., I have paid careful attention both to legislative activity in Sacramento and to PG&E’s bankruptcy proceeding. Our members work around the clock to deliver...
Walters: Bill Reduces Ballot Measure Transparency
Given their druthers, many government officials would prefer to do their business – our business, actually – behind closed doors and provide sanitized, self-serving versions of their actions after the fact. Journalists and governmental watchdogs struggle constantly to overcome the tendency toward secrecy and obfuscation, sometimes winning and often losing....