QUOTE AND NEWS
Wall Street Journal  2 hrs ago  Comment 
The Obama administration has emphatically shot down the notion that it might unilaterally release Fannie and Freddie from conservatorship.
Forbes  Dec 9  Comment 
Last week I shared that this was coming but that no announcement had been made. Well here it is, officially announced on Monday, 12/08/2014 and effectively online over the weekend of 12/13/2014; Fannie Mae will offer 97% LTV financing to help home...
Motley Fool  Dec 8  Comment 
New lending guidelines will make it easier for millions of people to get mortgages. And that's a very good thing for both buyers and sellers.
Motley Fool  Dec 6  Comment 
Last week, Fannie Mae elaborated on plans to back certain low down payment mortgages.
MarketWatch  Dec 5  Comment 
A new paper from the Kansas City Federal Reserve is highlighting the temporary factors that have driven the U.S. budget deficit lower, like dividends from Fannie Mae and Freddie Mac and the winding down of government stimulus programs.
HedgeFundBlogger.com by Richard Wilson  Dec 1  Comment 
Bill Ackman Loads Up on Fannie and Freddie Stocks Bill Ackman, an American hedge fund manager, philanthropist and the founder and CEO of Pershing Square Capital Management LP, a hedge fund management company, announced it has acquired more...




 

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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