Another good piece of writing by George F. Will of the Sacramento Bee.

George F. Will

Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient, but there are limits. Clearly he is weary of explaining that this is one of America’s safest large cities, with declining rates of violent crime and property crime, even though it has one of the nation’s highest rates of home foreclosures. Unfortunately, there are the kidnappings.

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* Indictments unveiled in mortgage fraud sting

( Map , News ) – A lawyer, a tax-preparer and the owner of a mortgage brokerage are among more than a dozen people rounded up in what federal officials describe as a major crackdown on mortgage fraud in the Chicago area.

* Signs of Stress, Fraud on Roadside (Douglas Belkin, Wall Street Journal)

LAS VEGAS — Police detective Mark Menzie drove 55 miles into the desert Sunday to inspect the charred remains of a formerly silver Ford Expedition.

* Head of mortgage fraud scheme pleads guilty

( Map , News ) – Federal prosecutors say 41-year-old Joy Jackson has pleaded guilty in a $35 million mortgage fraud scheme in the Washington area.

* Will: States can’t fight illegal immigration alone (Topeka Capital-Journal)

PHOENIX Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient, but there are limits. Clearly he is weary of explaining that this is one of America’s safest large cities, with declining rates of violent crime and property crime, even though it has one of the nation’s highest rates of home foreclosures. Unfortunately, there are the kidnappings.

* Mortgage fraud cases ‘straining’ FBI (Washington Times)

The number of FBI agents investigating mortgage fraud has more than doubled in the past two years, FBI Director Robert S. Mueller III said Wednesday.

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* George Will: Immigration policy has been hijacked (Gatehouse Media, State Journal-Register)

PHOENIX Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient but there are limits.

* As bankruptcy filings mount, attention turns again to reform (USA Today)

Cash-strapped families are seeking bankruptcy protection at nearly the same rate and in the same manner as they did before the much-debated 2005 bankruptcy law reform, a trend critics say proves the reform was a failure.

* Bart Cannon: The difference between recession and depression (Cleburne Times-Review)

Every day we hear a fresh batch of bad news regarding the economic crisis. Our confidence in the financial markets plummets with new revelations about layoffs, sell-offs, and made-offsas in the guy who made off with billions of innocent peoples retirement money.

* Yao case set pace for fiscal scandals (News Journal)

Years before anyone uttered the phase “mortgage meltdown” or heard of rogue financier Bernard Madoff, there was Andrew N. Yao.

* Economic freefall more frightening with each passing day (Greater Media Papers)

We are living in the worst financial times since the Great Depression; the big picture is becoming more frightening with each passing day, as the downward financial spiral continues. Even more frightening is the fact that no one knows what to do in order to stop the freefall, and nobody knows when it will end. If the downward financial spiral continues any further, we may fall through the safet…

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George F. Will from Washington Post Writers Group says:

George F. Will

PHOENIX Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient, but there are limits. Clearly he is weary of explaining that this is one of America’s safest large cities, with declining rates of violent crime and property crime, even though it has one of the nation’s highest rates of home foreclosures. Unfortunately, there are the kidnappings.

Read the whole article

* George F. Will: Phoenix fighting drug cartels (George F. Will, Washington Post Writers Group)

* In Other News: Efforts to Curtail Economic Downturn, Suicide Bombings in Iraq (The Daily Californian)

* Analysis: Recession likely wont end soon (Daily Chronicle)

* Unemployment worries triple (Des Moines Business Record)

* Help for kicking the recession blues (Shannon Milliken, Hanford Sentinel)

* Review of the Year: September to October (Newsquest London Newspapers)

* Evading fiscal responsibility (Daily Progress)

* Mortgage rates fall to historic lows (Montgomery Advertiser)

* Should spiritual space be mortgaged? (USA Today)

* Property will stay in the doldrums (The Financial Times)