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Bankstocks.com
2 hrs ago
Comment
Hedge funds including Paulson & Co. Inc. are pushing Congress to abandon plans to liquidate Fannie Mae (FNMA) and Freddie Mac as
Reuters
11 hrs ago
Comment
A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp over the sale of toxic mortgages to Fannie Mae and Freddie Mac .
Forbes
Apr 15
Comment
On a day filled with bad news, I was pleased with one item in my inbox today--a link to a Wall Street Journal piece that says Mark Zandi might become the Director of the Federal Housing Finance Agency (FHFA), the agency that oversees Fannie Mae...
Wall Street Journal
Apr 13
Comment
Mark Zandi, a prominent economist, has emerged as a leading candidate to head the regulator of mortgage-finance companies Fannie Mae and Freddie Mac.
Gold Stocks Today
Apr 12
Comment
In his first TV interview since the company reported record profits, Fannie Mae CEO Tim Mayopoulos told Bloomberg TV's Peter Cook today that U.S. taxpayers could see a net gain from their bailout as the housing market rebounds. Mayopoulos...
Financial Times
Apr 11
Comment
Both common and preferred stock of the US mortgage finance groups has jumped higher on political and legal hopes that it could become a cash cow
New York Times
Apr 10
Comment
The mortgage finance companies Fannie Mae and Freddie Mac are in conservatorship and the government wants to wind them down. Yet their share prices have jumped this year.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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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