The Economist  38 min ago  Comment 
ONE unresolved issue from the financial crisis is the future of Fannie Mae and Freddie Mac, the two firms that stand behind much of America’s housing market. Fannie and Freddie purchase mortgages, bundle them into securities and sell them on to...
Benzinga  1 hr ago  Comment 
On Thursday morning, Treasury Secretary Steven Mnuchin had his first sit-down interviews with Fox Business (Twenty-First Century Fox Inc (NASDAQ: FOXA)) and CNBC since his confirmation. One of the hot-button topics that Mnuchin discussed is the...
Motley Fool  Feb 22  Comment 
Fannie Mae and Freddie Mac are making tons of money. Will investors get a cut?
MarketWatch  Feb 22  Comment 
Fannie Mae and Freddie Mac should reduce the fees that get passed on to borrowers, and stop enabling institutional investors to buy up homes for rentals, an industry group said.
Benzinga  Feb 22  Comment 
Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Assctn Fnni Me (OTC: FNMA) shareholders took a beating on Tuesday when an appeals court rejected shareholders’ case that the government-sponsored entities’ (GSEs)...
Benzinga  Feb 22  Comment 
Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) plummeted more than 30 percent on Tuesday after an appeals court upheld a decision denying hedge funds the right to challenge the...
SeekingAlpha  Feb 22  Comment 
Wall Street Journal  Feb 21  Comment 
A major court ruling underscores that what to do with Fannie Mae and Freddie Mac is a political question.
Benzinga  Feb 21  Comment 
Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and fellow government-sponsored enterprise (GSE) Federal Home Loan Mortgage Corp (OTC: FMCC) have both lost roughly a third of their market caps Tuesday following an appeals court ruling...


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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