QUOTE AND NEWS
Reuters  Apr 3  Comment 
James Lockhart, a former regulator of Fannie Mae and Freddie Mac who is now with private equity firm WL Ross & Co, on Thursday said investors are making "worthless" bets snapping up the stock of the two mortgage finance firms.
SeekingAlpha  Apr 3  Comment 
By David Sims: Many experts contend that the return calculation of the common stock of Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) is purely a binary type investment outcome dependent on two things, politics and the court system. They...
HedgeFundBlogger.com by Richard Wilson  Apr 2  Comment 
Bill Ackman Boosts Mortgage Giant Fannie, Freddie Mortgage giants Fannie Mae and Freddie Mac has sold big stake in the company to Pershing Square Capital Management is an activist hedge fund founded and run by William Ackman. Rather than...
TheStreet.com  Mar 31  Comment 
NEW YORK (TheStreet) -- Shares of Fannie Mae and Freddie Mac  are both higher this afternoon, up 8.12% to 3.86, and up 7.32% to 3.81, respectively. Earlier today it was announced that Bill Ackman's firm, Pershing Square Capital Management, is...
MarketWatch  Mar 31  Comment 
Billionaire hedge fund manager Bill Ackman increased his investment in Fannie Mae and Freddie Mac on Monday. Ackman's firm Pershing Square Capital Management LP now holds a 9.98% stake in Fannie Mae and a 9.77% stake in Freddie Mac, making the...
SeekingAlpha  Mar 28  Comment 
By David Sims: There is lots of legislation being debated in Congress over the Reform of the Government Sponsored Entities (GSEs), Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC). The bills and ideas range from complete reorganization to...
SeekingAlpha  Mar 27  Comment 
By David Sims: Last night, it was announced that Maxine Waters would unveil her version of GSE Reform today. This bill, presented by a ranking member of the House Financial Services Committee, would outline a method of reforming the mortgage...
Forbes  Mar 27  Comment 
The federal government is investigating GM for hiding problems with some of its cars' ignition systems as it went through bankruptcy. The curious thing is that it is unclear what GM would have gained. In contrast, the government itself hid...
Yahoo  Mar 27  Comment 
The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.
Financial Times  Mar 27  Comment 
Democrat congresswoman’s proposal to replace Fannie Mae and Freddie Mac contrasts with Senate’s plan to reform the mortgage finance companies




 

I suppose a priapicnl reduction program would be better than nothing, but there is always the risk of unintended consequences or even operational failure when attempting such a specific intervention. Why not let monetary policy do the work in a continuous, predictable, and agnostic fashion? It would deliver benefits not only to home owners, but also by reducing the real return on the many large cash-equivalent investments amassed by corporations like Apple ($60B last I checked), spurring them to put funds to more productive use. And of course, monetary policy can benefit from the Chuck Norris effect. Fiscal policy hasn't exactly inspired such reactions of late.

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