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    Geithner Draws Wrong Dodd-Frank Lessons and Forgets Fannie Mae

    There were plenty of lessons to learn after the financial crisis of 2008. Unfortunately, neither Congress nor the Obama Administration was willing to take the time to learn them. Instead, they acted before they understood the causes of the crash or what to do to avoid similar bailouts in the … More

    Twinkies, Kodak, Bailouts, and the Free Market

    Are you a fan of Twinkies, the cream-stuffed yellow cake confection packed with sugary goodness, wrapped in a thin layer of cellophane? If so, here’s some bad news for your sweet tooth: Hostess Brands Inc., the maker of Twinkies, HoHos and other convenience store delicacies, has filed for bankruptcy just … More

    Morning Bell: We Can't Wait Either, Mr. President

    Take a stroll through your neighborhood Occupy Wall Street protest–whether it’s in New York or Chicago, Detroit or San Francisco–and you’re likely to see a recurring theme emblazoned across cardboard signs: redistribute wealth from the 1 percent to the 99 percent, all in the name of fairness, whether or not … More

    Two Promising Starts towards Ending Fannie Mae and Freddie Mac

    After more than a year of delay, the House Financial Services Committee is finally starting work on legislation that will hopefully end Fannie Mae and Freddie Mac, the two housing finance giants that helped to make the housing crisis worse. Both essentially failed in September 2008 and have been in … More

    Obama’s Plan: Fannie Mae and Freddie Mac Go, but What Replaces Them?

    Given the task of producing a plan to develop a new housing finance system after the crisis of 2008 and the failure of both Fannie Mae and Freddie Mac—a task that everyone agrees will be extremely complex—the Obama Administration decided to punt. Rather than one detailed plan, it produced brief … More

    Morning Bell: Stop the State Bailouts Before They Start

    Hamtramck, Michigan, is running out of money. City Manager William Cooper tells The New York Times: “We can make it until March 1—maybe.” And Hamtramck is not alone. According to the Times, 15 municipalities have pursued bankruptcy in the past two years. And if the economy does not improve revenues, … More

    Morning Bell: When Will Our Progressive Corporatism Nightmare End?

    $154 billion. That is the amount of taxpayer money that will be needed to bail out Fannie Mae and Freddie Mac according to a new “stress test” performed by the Federal Housing Finance Agency. And that is the good news. If the economy dips into a second recession and foreclosures … More

    Senators Exaggerate Number of Teachers’ Jobs in Jeopardy

    In early August, when the U.S. Senate earmarked $10 billion to recover lost jobs in education, supporters of the measure claimed the money would save thousands of teachers’ jobs. President Obama put the figure at 160,000 jobs across the country. Sen. Barbara Boxer (D-CA) said it would save the jobs … More

    Video: Reagan's Words Still Speak Volumes Today

    In October 1964, then spokesman Ronald Reagan stepped into the national political spotlight for the first time with his now-famous “A Time for Choosing Speech,” delivered in support of presidential candidate Barry Goldwater. His words stand in stark contrast to those of many of America’s elected officials today, as this … More

    "When Liberalism Doesn't Work It Discredits Liberalism"

    This past Friday the Associated Press reported: Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests … More