QUOTE AND NEWS
TheStreet.com  Jan 28  Comment 
NEW YORK (TheStreet) -- Fannie Mae and Freddie Mac shares rallied Wednesday after a judge rejected the government's attempt to delay a widely followed lawsuit brought by Fairholme Capital Management. Fairholme is suing the government,...
MarketWatch  Jan 27  Comment 
Mortgages with low down payments can be just as safe if other underwriting conditions are met, a federal housing regulator said Tuesday.
MarketWatch  Jan 13  Comment 
The federal government ran a budget surplus of $2 billion in December after Fannie Mae and Freddie Mac made payments to the Treasury.
Motley Fool  Jan 7  Comment 
After some disappointing developments, Fannie and Freddie shareholders might finally have a reason to smile.




 

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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