QUOTE AND NEWS
Benzinga  Apr 19  Comment 
The "sordid history" of Federal National Mortgage Assct Fnni Me (OTC: FNMA) "Fannie Mae," Federal Home Loan Mortgage Corp (OTC: FMCC) "Freddie Mac" and the U.S. government may not read like the juiciest celebrity gossip, but the story may be...
Benzinga  Apr 19  Comment 
Kase Capital's Whitney Tilson has highlighted his two favorite stock ideas in a recent letter to investors: Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Howard Hughes Corp (NYSE: HHC). Fannie Mae Tilson lists Fannie Mae as one...
Yahoo  Apr 14  Comment 
The regulator of Fannie Mae and Freddie Mac said on Thursday it would allow the government-controlled mortgage finance companies to cut loan balances for thousands of U.S. borrowers who owe more than their homes are worth. Homeowners have to meet...
Wall Street Journal  Apr 14  Comment 
Shareholders won a court decision unsealing documents. Recent investor euphoria goes too far.
Benzinga  Apr 13  Comment 
Hedge fund manager and Federal National Mortgage Assctn Fnni Me (OTC: FNMA) shareholder Whitney Tilson believes that both Fannie Mae and Federal Home Loan Mortgage Corp (OTC: FMC) will be multi-baggers once the courts overturn the government’s...
MarketWatch  Apr 12  Comment 
Depositions from a shareholder lawsuit over the mortgage agencies’ finances suggest the government knew they were sustainable.
New York Times  Apr 12  Comment 
Government lawyers said they changed the terms of a bailout deal to protect taxpayers, but newly unsealed documents call that into question.




 

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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