Analysis of the effects of mortgage foreclosure laws on global economicsAmerica's sub-prime mortgage problems have had rippling effects on the economies of countries around the world, highlighting the many problems inherent in the legal infrastructures for both mortgages and the unconstitutional...

There are significant economic policy issues inherent in the use of REITs, and in operations of some companies that own substantial commercial real estate. This article identifies and analyses these issues and develops relevant theories about why REITs are inefficient and should be eliminated or...

Since REITs are subject to mandatory Dividend payouts, and the REIT qualificataion statutes (Assset tests and Income tests), REITs have substantial incentives to manipulate their reported earnings, cash flow and assets. Also the unique nature of REITs creates accounting distortions that cause...