The government-sponsored entities Freddie Mac and Fannie Mae are so neck deep in the subprime housing crisis that now the White House is considering putting them into conservatorship. Despite fears that both companies do not have enough capital to cover their liabilities, the Senate passed a bill yesterday that would …
The Mortgage Bailout Bill Gets Weirder and Weirder – OpenMarket.org The mortgage bailout bill sailing through Congress gets weirder and weirder. It turns out that in order to circumvent the Constitution… (tags: Economy) Fannie, Freddie Woes Predicted Long Ago – The Tax Foundation Government finance scholar Allen Schick, long of …
The Important Work of Government – National Taxpayers Union Congress is back in session this week to start the mad sprint to the August recess. And thank God they’re back, otherwise they wouldn’t be able to deal with highly important bills like… (tags: Government) The Myth About Abortion and Crime …
Yesterday we noted how the housing bill’s creation of a National Housing Trust Fund that would funnel money to corrupt and partisan groups such as ACORN (Association of Community Organizations for Reform Now) was reason enough to be skeptical of the bill. Today the New York Times reports that ACORN …
The Most Valuable Reading First Lesson of All – The CATO Institute This morning, U.S. Secretary of Education Margaret Spellings has an op-ed in the Washington Post exhorting Congress to save the D.C. Opportunity Scholarship Program… (tags: Education) The Model T and ‘The American Road’ – Shopfloor.org NPR’s “Morning …
There are so many terrible parts of the housing bill being debated again in the Senate this week, but we’ll follow the lead of the Wall Street Journal and focus on just one: “affordable housing allocations.” We’ve documented before how groups like ACORN (Association of Community Organizations for Reform Now) …
Washington, D.C. Government Attacks Cheap Buses, Environment – OpenMarket.org Washington, D.C. recently tried to put cheap private buses out of business, by preventing them from picking up passengers anywhere but the inconvenient, forbidding location of L’Enfant Plaza… (tags: Regulation,) More on Randy Vanderhoof and Privacy – Technology Liberation Front More …
