QUOTE AND NEWS
Benzinga  9 hrs ago  Comment 
If there’s one thing Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors are used to these days, it’s waiting. A According to Congressional staffers, Fannie Mae and Freddie Mac...
Yahoo  Mar 22  Comment 
An overhaul of Fannie Mae and Freddie Mac is highly unlikely to make it into this year's legislative calendar, Congressional staffers say, possibly shifting the new administration's immediate focus to allowing the mortgage financing institutions'...
Yahoo  Mar 16  Comment 
Nutella maker Ferrero has signed a deal to buy U.S. confectioner Fannie May from online retailer 1-800-FLOWERS.COM (FLWS.O) for $115 million in a move to strengthen the Italian company's presence in the overseas market, they said in a joint...
New York Times  Mar 10  Comment 
In coming weeks, the new administration will decide whether to keep the mortgage giants under federal supervision — and continue reaping their profits.




 

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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