In yesterday's New York Times, Gretchen Morgensonwrote that the soured deal to buy Peter Cooper Village and Stuyvesant Town in Manhattan -- two rent-regulated apartment buildings bought at the top of the market by developers who intended to turn them into higher-rate rentals -- was just the most high-profile failure. Little deals like that all over the city sucked up about 100,000 affordable apartments, or about 10 percent of the rent-regulated stock, she writes.
President Obama wasn't the only high-profile critic of the United States Supreme Court for its ruling in the Citizens United case. Sandra Day O'Connor, who wrote a 2003 decision the law reversed, gave a speech at Georgetown University Law Center a few days ago.
Justice Sandra Day O’Connor did not sound happy on Tuesday about the Supreme Court’s big campaign finance decision last week. It repudiated a major part of a ruling Justice O’Connor helped write before her retirement from the court in 2006, and it complicated her recent efforts to do away with judicial elections.
In the 1990s, federal homeownership policy shifted from making homeownership available to the middle class to subsidizing homeownership for almost everyone. In the process, renters were implicitly denigrated and federal spending allocated to support them fell. The push for homeownership began under President Bill Clinton and reached a crescendo under President George W. Bush and his ownership society. Bush's Department of Housing and Urban Development ostensibly continued Clinton-era goals for homeownership, with an added emphasis on closing the racial gap.