FROM James Hagerty
Koch Confirms Interest in Newspapers, but Mum on LA Times Bid Diverse investments have made Koch Industries of Wichita, Kansas a billion-dollar conglomerate, but the Koch brothers are better known for putting big money behind conservative SuperPAC's and foundations and Republican politicians that liberals denounce as extremist. Recently, it's been reported that the Koch brothers are interested in acquiring news organizations, including the Tribune Company, which owns the Los Angeles Times.
Loan Modifications Starting to Slow Foreclosures Many troubled homeowners may or may not agree, but Treasury Secretary Tim Geithner today proclaimed an important milestone in the effort to prevent mortgage foreclosures. James Hagerty reports on real estate for the Wall Street Journal .
Fannie Mae and Freddie Mac Freddie Mac and Fannie Mae are owned by private shareholders. But because they originally were chartered by Congress and get favorable rates, investors believe that both companies are implicitly backed by the federal government. They now own almost fifty percent of all mortgages in the United States, amounting to $5 trillion. Last week, their stocks lost almost half their value.
The free-flowing leaks in the Trump White House President Obama tried to clamp down on leakers, but the Trump Administration is besieged almost as never before. Are the "anonymous sources" partisans or worried professionals? Are they endangering the republic or performing a public service?
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Trump, the GOP and the rule of law Conservatives — and some Republicans — are criticizing the President for "the mess he made" in firing FBI Director James Comey. We hear about a potential successor, the possibility of "obstruction of justice" and the constitutional separation of powers.