QUOTE AND NEWS
MarketWatch  Nov 20  Comment 
Mortgage-finance giant Fannie Mae cut its outlook Thursday for home-loan rates in 2015, but cheap monthly payments may do little to bump up residential sales.
Wall Street Journal  Nov 19  Comment 
Hopes for an easy end to the conservatorship of Fannie Mae and Freddie Mac were dashed by Federal Housing Finance Agency director Mel Watt Wednesday.
MarketWatch  Nov 19  Comment 
A controversial housing-finance proposal quickly came under fire during a Wednesday Capitol Hill hearing, with a top panel Republican questioning whether it’s a good idea to allow federally controlled mortgage-finance giants Fannie Mae and...
Bloomberg  Nov 14  Comment 
Bruce Berkowitz’s Fairholme Capital Management LLC limited disclosures about the firm’s common and preferred stakes in Fannie Mae and Freddie Mac.
Motley Fool  Nov 12  Comment 
According to one big-name investor, Fannie Mae and Freddie Mac could both be worth up to $50 per share. Why does he think so, and could it actually happen?
Financial Times  Nov 10  Comment 
Large bets on AbbVie’s deal for Shire along with Fannie Mae and Freddie Mac payouts go wrong
DailyFinance  Nov 10  Comment 
Filed under: Mortgages, Earnings, U.S. Government Ken Howard/Alamy Government-controlled mortgage giant Fannie Mae (FNMA) earned net income of $3.9 billion in the third quarter, which ended Sept. 30. That was a drop of 55 percent from $8.7...




 

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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