QUOTE AND NEWS
Benzinga  Dec 6  Comment 
Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) have been all over the map in the past week following comments from newly-appointed Treasury Secretary Steven Mnuchin. When asked...
Benzinga  Dec 5  Comment 
Federal National Mortgage Assctn Fnne Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) shares are bouncing off of their session lows on Monday but remain down about 7 percent following a huge surge last week. The stocks spiked...
Benzinga  Dec 4  Comment 
This week, shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) spiked more than 50 percent following comments by President-elect Donald Trump’s newly-appointed Treasury Secretary Steven...
New York Times  Dec 2  Comment 
By suggesting that the companies would be freed from government control, Steven Mnuchin backed an approach that would benefit small lenders and borrowers.
Benzinga  Dec 2  Comment 
Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are up more than 30 percent each over the past two days following commentary from President-elect Donald Trump’s Treasury Secretary...
Benzinga  Dec 1  Comment 
Steven Mnuchin, President-elect Donald Trump’s nominee for Treasury Secretary, said on Wednesday that privatizing Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) was one of his top 10...
Benzinga  Dec 1  Comment 
Traders appear to be taking profits on the massive 50 percent-plus rally in Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) this week following comments by President-elect Donald Trump’s new...




 

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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