Its Obama!

Four years ago I photographed election night from a scissor lift on the President’s left, and this year was more of the same. However last time we seemed so far removed from the crowd, that I was in disbelief until the next day. Being there last night made me think of the last four years and it made me imagine what the next four years will bring.

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How Bad Will the Mortgage Crisis Get?

The credit markets are seizing up and the uncertainty recently drove up short-term interest rates for municipalities and some rock-solid institutions such as New York’s Metropolitan Museum of Art to 20%. And now even so-called prime borrowers, the ones who were properly vetted, are being sucked into defaults on their mortgages. Yet it’s still a relatively small number of institutions and individuals getting hurt by this not-yet-a-recession. So what’s the worst that could happen?

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