QUOTE AND NEWS
Financial Times  Jun 16  Comment 
Hedge funds suing the government cheer outcome of trial
Wall Street Journal  Jun 15  Comment 
A federal court’s rebuke of the government’s AIG takeover may not actually be good news for shareholders of Fannie Mae and Freddie Mac.
MarketWatch  Jun 15  Comment 
Investors who bought shares of mortgage-finance giants Fannie Mae and Freddie Mac after a decision against the government in a separate case are in for disappointment.
Clusterstock  Jun 2  Comment 
Millennials are just like everyone else, at least when it comes to housing. Writing for Bloomberg Briefs on Monday, Douglas Duncan and Sara Shahdad of Fannie Mae note that millennials want to own houses just as much as previous...
MarketWatch  May 21  Comment 
Used-home sales this year are running weaker than Wall Street had expected, but a prominent economist on Thursday upped hit outlook for the mortgage market.




 

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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