QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
A recent rebound in business investment has bolstered expectations for solid economic growth during the remainder of 2014, according to Fannie Mae's (OTC: FNMA) Economic & Strategic Research (ESR) Group. The robust headline growth in the second...
Yahoo  Sep 16  Comment 
The two mortgage market behemoths are “former” GSEs in the sense that for the past six years, rather than being sponsored by the federal government, they’ve been its wholly owned subsidiaries.  Washington had to bail out Fannie and Freddie...
SeekingAlpha  Sep 14  Comment 
By ValueWalk: By Michael Ide With the Fairholme Funds Inc. v FHFA well into discovery, many Fannie Mae/Federal National Mortgage Association (OTCQB:FNMA) and Freddie Mac/Federal Home Loan Mortgage Corp. (OTCQB:FMCC) minority shareholders are...
Mondo Visione  Sep 12  Comment 
The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced a settlement for $550 million with HSBC North America Holdings Inc., related companies and specifically named individuals (HSBC).  The...
Forbes  Sep 10  Comment 
Right now litigation is going forward on multiple fronts in the multi-billion battle over who gets the billions of dollars in new cash flow and deferred tax assets now that Fannie Mae and Freddie Mac have both turned profitable.  The government...
SeekingAlpha  Sep 8  Comment 
By Charlie Harrison: Introduction: Numerous plaintiffs have file suit in various courts alleging that an agreement between the FHFA and Treasury, which has the effect of transferring all the earnings of the Federal National Mortgage Association,...
MarketWatch  Sep 8  Comment 
Ed DeMarco is no stranger to controversy, but now he’s hoping to help the spread the word about need for Washington to finish its work on reform for mortgage-buying giants Fannie Mae and Freddie Mac.
SeekingAlpha  Sep 7  Comment 
By Jason Orestes: Pershing Square's Bill Ackman is quite the bull on Fannie Mae OTCQB:OTCQB:FNMA and Freddie Mac OTCQB:OTCQB:FMCC. In part due to fundamentals -- which are rather robust as the two businesses have been reporting record profits as...




 

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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