QUOTE AND NEWS
MarketWatch  Sep 12  Comment 
The two government mortgage giants have been in conservatorship since the financial crisis.
New York Times  Sep 2  Comment 
After five years of litigation, the S.E.C. settled its fraud case against Daniel Mudd, the former chief executive of Fannie Mae, for a mere $100,000.
New York Times  Aug 29  Comment 
The Securities and Exchange Commission settled its last remaining case against a former Fannie Mae chief executive, accepting a token payment.
Clusterstock  Aug 25  Comment 
NEW YORK (Reuters) - The regulator of Fannie Mae and Freddie Mac unveiled on Thursday a program aimed at homeowners who are paying their mortgages on time but whose loan-to-value (LTV) ratios are too high to qualify for traditional refinance...
newratings.com  Aug 23  Comment 
WASHINGTON (dpa-AFX) - Daniel Mudd, former Chief Executive Officer of Fannie Mae (FNMA.OB), agreed to pay the U.S. government $100,000 to settle allegations that he misled investors about the mortgage backer's exposure to subprime...
MarketWatch  Aug 22  Comment 
Former Fannie Mae CEO Daniel Mudd agreed to pay a $100,000 fine to settle allegations of misleading disclosure during the financial crisis, Reuters reported, citing settlement documents. Mudd was the last of six executives at Fannie Mae and...
Clusterstock  Aug 22  Comment 
NEW YORK (Reuters) - In one of the U.S. Securities and Exchange Commission's biggest cases tied to the 2008 financial crisis, former Fannie Mae Chief Executive Daniel Mudd has reached a settlement for $100,000, according to court papers filed on...




 

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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