QUOTE AND NEWS
Forbes  Apr 9  Comment 
 If Fannie and Freddie used new models, lending to Latinos and African Americans could grow a third without looser credit standards.
Wall Street Journal  Apr 8  Comment 
Sen. Charles Grassley’s letters to the Obama administration shouldn’t be mistaken for support of Fannie and Freddie shareholder lawsuits.
New York Times  Apr 8  Comment 
Mr. Grassley, the Iowa Republican who is chairman of the Senate Judiciary Committee, sent letters to the Justice Department and the Treasury asking for details about the decision.
Motley Fool  Apr 1  Comment 
A bill was just introduced in congress that would keep Fannie and Freddie's profits out of the hands of the U.S. Treasury -- for now
Yahoo  Apr 1  Comment 
Former Fannie Mae (FNMA.OB) CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial...
Wall Street Journal  Mar 31  Comment 
The federal policy to ‘sweep’ the housing giants’ profits sets them up for more trouble.
Forbes  Mar 28  Comment 
The moratorium imposed by the Austrian Financial Markets Authority (FMA) on debt service by the failed bank Heta (Hypo Alpe Adria) has had an unfortunate effect on another Austrian bank. Specifically included in the moratorium, and therefore...




 

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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