Yahoo  Aug 18  Comment 
Mortgage-finance giant Fannie Mae slashed its outlook on Monday for 2014's housing market, reasoning that too much momentum was lost during the first half of the year.
USAToday.com  Aug 18  Comment 
Mortgage giant says weaker-than-expected first half dims prospects.
Wall Street Journal  Aug 17  Comment 
Bill Ackman has joined the legal fray over Fannie and Freddie. But even courtroom victories won't give shareholders the return they seek.
Clusterstock  Aug 16  Comment 
(Reuters) - Activist Bill Ackman's Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae and Freddie Mac , court documents show. In Friday's complaint with the U.S....
Financial Times  Aug 15  Comment 
A second suit from the hedge fund alleges the US government has illegally seized tens of billions of dollars in profits from the mortgage finance giants
TheStreet.com  Aug 15  Comment 
NEW YORK (TheStreet) -- Pershing Square Capital Management and three other common shareholders in Fannie Mae  and Freddie Mac  went public with their lawsuit against the U.S. government and the two government sponsored enterprises, or GSEs,...
TheStreet.com  Aug 14  Comment 
NEW YORK (TheStreet) -- Shares of Fannie Mae  and Freddie Mac  closed up 3.64% to $3.99, and up 3.93% to $3.97, respectively. after it was reported that their common shareholders, led by investor Bill Ackman’s Pershing Square Capital...
TheStreet.com  Aug 14  Comment 
NEW YORK (TheStreet) -- Fannie Mae  and Freddie Mac  common shareholders led by investor Bill Ackman’s Pershing Square Capital Management plan to file on Friday the latest of many shareholder lawsuits against the federal government tied to...
SeekingAlpha  Aug 13  Comment 
ByTom Dorsey: On August 7, 2014 Fannie Mae (FNMA) and Freddie Mac (FMCC) released their second quarter results and posted $3.7 billion and $1.9 billion in earnings respectively to be paid to the U.S. Government as dividends. $5.4 billion dollars...


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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