Corbett B.'s Feed
Nov 20, 2010
via Tales from the Trail

Reuters Washington Extra

Photo

U.S. President Barack Obama arrives back at the White House after stepping off Marine One on the South Lawn in Washington September 29, 2010. REUTERS/Jim Young (REUTERS - Tags: POLITICS)Good afternoon,

Not only does Barack Obama face a united and hostile Republican Party at home, he cannot easily take refuge in foreign policy in the second half of his term. From Afghanistan to Russia and the Middle East, from climate change to nuclear weapons, there are more problems than easy solutions out there.

Dec 17, 2009
via Tales from the Trail

Muddy manse

Selling your house? Worried about having to lower the price to get it to move?

How about a $1.275 million price reduction? That’s how much former Fannie Mae CEO Daniel H. Mudd had to cut the asking price on his 11,500 square foot, six bedroom, six full bath (plus three half baths) mansion to find a buyer.  Originally listed for $8.9 million on September 11, the transaction closed on December 11 for $7.625 million.

 

Don’t worry too much for Mr. Mudd, though. He paid $5.15 million for the place in June 2000, leaving him with a 48 percent return on his investment, excluding any renovation costs. And even though he was booted from Fannie Mae when the government took over the housing giant in September 2008 and reportedly wasn’t paid his multi-million dollar severance package, he’s landed on his feet. New York’s Fortress Investment Group named him CEO in August.