New York Times  Feb 7  Comment 
Fannie Mae is now backing single-family home rentals, a sign that the government-sponsored mortgage entities are still alive after being left for dead.
Forbes  Feb 7  Comment 
The reform of Fannie Mae and Freddie Mac has been stuck in gear for some time and with President Trump setting his sights on pushing through reform, potential Treasury Secretary Mnuchin could be the Washington outsider and industry insider to get...
Financial Times  Jan 31  Comment 
Mortgage Bankers Association says groups should be turned into privately owned utilities
New York Times  Jan 30  Comment 
The government, which has been trying to shield thousands of documents related to its 2012 decision to seize profits from the mortgage finance giants, must release 48 of 56 sample documents.
Benzinga  Jan 27  Comment 
Despite wanting to forget 2016 altogether, Pershing Square Capital investors got one last reminder of their brutal year this week when Bill Ackman’s firm sent out its annual shareholder update. For the second consecutive year, Pershing has...


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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