Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans. Charles Duhigg bankbuycapital Change image and share on social
Teenagers ultimately don't mind belonging to a group, because there's always the opportunity to eventually become someone new. The elderly, by definition, are running out of opportunities for reinvention. Charles Duhigg belongdefinitionelderly share on social
While markets are supposed to ensure transparency by showing orders to everyone simultaneously, flash orders are currently allowed because of a loophole in securities regulations that allows for immediate trades. Charles Duhigg allowensureflash share on social
Since the 17th century, insurance agents have been the foremost experts on risk. Charles Duhigg 17thagentcentury Change image and share on social
During the 1970s and 1980s, Congress distributed more than $60 billion to cities to make sure that what goes into toilets, industrial drains and street grates would not endanger human health. Charles Duhigg 1970s1980sbillion Change image and share on social
For most of Wall Street's history, stock trading was fairly straightforward: buyers and sellers gathered on exchange floors and dickered until they struck a deal. Charles Duhigg buyerdealdicker Change image and share on social
In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared. Charles Duhigg 1970scampuscity share on social
America is the Saudi Arabia of coal. Charles Duhigg americaarabiacoal Change image and share on social
Companies are very, very good - better than consumers themselves - at knowing what consumers are actually craving. Charles Duhigg companyconsumercrave Change image and share on social
Research suggests that investment bankers are more prone to commit fraud when they feel the competitor at their heels. Charles Duhigg bankercommitcompetitor Change image and share on social