Tag Archives: Fannie Mae
Apparently Learning Nothing from the Fannie Mae-Freddie Mac Disaster, the Obama Administration Wants to Subsidize Banks to Make More Dodgy Loans
The Obama Administration is proposing to once again put the economy at risk by subsidizing banks to give mortgages to people with poor credit, even though we’re still dealing with the economic and fiscal damage caused by the last episode of government housing subsidies!
I’ve explained on many occasions how the financial crisis was largely the result of government-imposed mistakes, and I’ve paid considerable attention to the role of easy money by the Federal… Read more
Remember my post from a week ago when I said I was not a Republican even though Ronald Reagan and Calvin Coolidge are two of my heroes? Well, now I have another… Read more
Here’s a recent interview with Neil Cavuto about bailouts for Fannie Mae, one of the government-created entities used by Barney Frank, et al, to subsidize housing (and line the pockets… Read more
If you want to understand how government intervention screws up markets and damages an economy, there are two new publications worth reading. First, pick up a copy of Reckless Endangerment,… Read more
What Caused the Financial Crisis: Private Greed and Criminality or Government Stupidity and Incompetence?
Here are two superb articles on the financial crisis. First, from Peter Wallison at the American Enterprise Institute, we have a piece on the role of government housing subsidies. Since… Read more
This cartoon is not new, but it succinctly captures what happened with that part of the TARP bailout. The only thing missing is some way of showing the government officials… Read more
In the “Five Things About Me” section of my blog, I included this blurb: A left-wing newspaper in the U.K. wrote that I’m “a high priest of light tax, small… Read more
Considering they could have sat on their hands and relied on unhappy voters to give them big gains in November, I’m not too unhappy about the House GOP’s “Pledge to… Read more