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  • Fannie Mae

    Connecting the Dots: Fannie, Freddie and ACORN

    Since the housing bubble first began to burst, we have been quick to note the integral role that government-sponsored entities Fannie Mae and Freddie Mac played in distorting the housing market. However, we have also been skeptical of some claims that the Community Reinvestment Act (CRA) played in facilitating the … More

    Not You Pookums

    The Detroit News’ Henry Payne is always a must read but he really hit a home run last week with this cartoon on Fannie and Freddie: (posted with permission from Henry Payne)

    The Mortgage Financing Game

    Congress is lining up the list of suspects to assign blame for the financial crisis. However, all of the obvious suspects — the Fed, Fannie and Freddie, mortgage companies, banks and borrowers — have been players in the mortgage market game for years. Why is there a crisis now? Perhaps … More

    Paul Krugman 'Egregiously Wrong' on Fannie and Freddie

    Nobel Laureate Paul Krugman did some fine work on international trade theory 20 years ago. When he writes about economic policy today, however, he often just gets his facts dead wrong. This past summer Krugman devoted an op-ed to exonerating Fannie Mae and Freddie Mac from their key role in … More

    The Real Problem With Fannie and Freddie

    The Washington Post has a fine editorial on the current financial crisis first noting: As financial panic spread across the globe and governments scrambled to contain the damage, reality seemed to announce the doom of U.S.-style free markets and President Bush’s ideology. But this is wrong in two ways. The … More

    Bell Ringers

    A Round-up of Op-Eds by The Heritage Foundation Financial Forensics – Ed Feulner Yet Fannie and Freddie evaded attempts to regulate them. A big reason is that they cultivated powerful friends in Congress, such as Sen. Christopher Dodd, D-Conn. As chair of the Senate banking committee, he pocketed more than … More

    Fannie, Freddie, and The Center for American Progress

    Desperate to defend the incoming corporate-socialist order, the Center for American Progress again defended Fannie Mae and Freddie Mac after Wednesday’s presidential debate. CAP’s Wonkroom notes that John McCain accused Fannie and Freddie of causing the current financial crisis and then offers the following refutation: As McClatchy reported this week … More

    How Government Intervention Caused the Credit Crisis

    Fantastic clear explanation of how federal government intervention with the market directly caused today’s financial turmoil by Peter Schiff in today’s Washington Post: Just as prices in a free market are set by supply and demand, financial and real estate markets are governed by the opposing tension between greed and … More

    What Unregulated Capitalism?

    Liberals are so ecstatic over the recent financial crisis that they have lost all contact with reality. Witness Harold Meyerson in The Washington Post: In 1949, a number of famous writers, among them Arthur Koestler, André Gide, Richard Wright, Stephen Spender and Ignazio Silone, wrote essays explaining why they were … More

    Morning Bell: What Would ACORN Do?

    Sarah Palin’s speech at the Republican National Convention infuriated the left for many reasons, but one of the barbs that seemed to upset them the most was her extended attack on community organizers. Weeks later, liberals settled on a retort to Palin that Rep. Steve Cohen (D-TN) voiced from the … More