QUOTE AND NEWS
New York Times  Apr 7  Comment 
Before he was a Treasury official, Craig S. Phillips ran Morgan Stanley’s anything-goes mortgage operation.
Benzinga  Apr 6  Comment 
The path forward for Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) shareholders has gotten much narrower in the past five months. According to Height Securities' Edwin Groshans, that path may...
Yahoo  Mar 31  Comment 
U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at...
Benzinga  Mar 30  Comment 
After comments from newly-appointed Treasury Secretary Steven Mnuchin renewed investor optimism and lifted the share prices of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) in late 2016,...
Benzinga  Mar 22  Comment 
If there’s one thing Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors are used to these days, it’s waiting. A According to Congressional staffers, Fannie Mae and Freddie Mac...




 

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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