QUOTE AND NEWS
Clusterstock  Jul 29  Comment 
The year 2008 was full of nasty surprises. One of the biggest was the government takeover of twin mortgage giants Federal National Mortgage Association (FNMA, or Fannie Mae) and Federal Housing Lending Mortgage Corporation (FHLMC, or Freddie...
Wall Street Journal  Jul 27  Comment 
Carlyle’s $5 billion hedge-fund firm, Claren Road Asset Management, faces the prospect of withdrawals after a consultant advised clients to pull their money following poor performance from bad bets on Greece and mortgage giants Fannie Mae and...
MarketWatch  Jul 23  Comment 
Mortgage-finance giant Fannie Mae turned up its 2015 forecast for U.S. home sales on Thursday, chiming in with other economists who see the market ramping up this year.
Yahoo  Jul 22  Comment 
Fannie Mae , the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week's sale of similar maturities. Fannie Mae said ...
New York Times  Jul 20  Comment 
After nearly bringing down the economy in 2008, how is it possible that Fannie Mae and Freddie Mac are still around?
Reuters  Jul 16  Comment 
The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial...




 

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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