Freddie Mac CEO Richard Syron told reporters yesterday that Freddie’s dual role as a government sponsored entity charged with creating profit for private investors and serving the public by boosting the housing market is “almost impossible.” We almost agree: Fannie and Freddie are leftovers from an era when giant government …
Obama Now Backs Tapping Into Oil Reserve – Washington Times LANSING, Mich. | Sen. Barack Obama put his effort to pursue energy voters into overdrive on Monday, flipping positions to call for releasing oil from the government’s… Tom Fitton: ‘Sanctuary Cities’ Can Be Lethal to Your Health – Examiner.com WASHINGTON …
Hank Paulson’s Fannie Gamble – WSJ.com Our housing finance system has been broken for quite some time, creating perverse incentives for borrowers and lenders… African Liberty – Adam Smith Institute One of the most interesting sites to come out of Africa recently is African Liberty which blows open the traditional …
Anti-Arbitration Bills Moving Forward – Shopfloor.org The House Judiciary Committee yesterday reported out H.R. 6126, the Fairness in Nursing Home Arbitration Act, which would vitiate pre-dispute arbitration provisions in nursing home contracts… Frank Bill Mandates Credit Rating Agencies to Repeat Subprime Mistakes – OpenMarket.org Due to their failures in the …
In the clip below The American Prospect’s Mark Schmitt claims that “earmarks have nothing to do with anything” and “you could eliminate all the earmarks and not save a dollar because all they are are streams of existing funding.” If congressional earmarks occurred in a legislative vacuum, Schmitt would be …
Accounting Reform – The Next Right As the crush of entitlement obligations worsens, this would be a very valuable message for the Right to begin trumpeting…. (tags: Entitlements) Treating Angelenos as Children – Cato-at-Liberty law that would prevent fast-food restaurants from opening in South Los Angeles neighborhoods was unanimously approved …
The Atlantic’s Megan McArdle looks over Barack Obama’s economic plans and doesn’t like what she sees. Focusing on taxes she writes: As if those things [trade and labor law] weren’t enough, he wants to raise the capital gains tax. There is a reason that most [countries] tax capital lightly–actually several …
