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  • Freddie Mac

    "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

    Morning Bell: End Crony Capitalism

    At 300 East 23rd Street in the exclusive Gramercy Park neighborhood of Manhattan, where to get into parts of the park you need a key granted just to residents, a new 98-unit luxury apartment complex has been built with an outdoor movie theater and panoramic city views. The problem is … More

    Government Staying in the Mortgage Business

    Despite their key role in creating the housing crisis, Fannie Mae and Freddie Mac are not being reformed, and will continue to cost the American taxpayer huge sums of money for the foreseeable future. There will be a housing summit on Tuesday, but its already clear that the federal government … More

    Morning Bell: The Dodd-Frank Bailout is Already Here

    On July 21, when President Barack Obama signed the Dodd-Frank financial regulation bill, he promised: “There will be no more taxpayer-funded bailouts. Period.” How long will this Obama promise last? Well, The New York Times reports today that  “the Obama administration on Wednesday pumped $3 billion into programs intended to … More

    Free Lunches and Foodfights: Fannie and Freddie Say 'No' to Greens

    Fannie Mae and Freddie Mac are not known for overly cautious mortgage financing. To the contrary, their open wallets helped fuel the credit crisis of 2008, and drove the two into federal receivership. To date, taxpayers have paid some $145 billion to keep them afloat, with no end in sight. … More

    Dodd-Frank Lets Fannie and Freddie Deadbeats Slide

    As President Obama today signed into law the Dodd-Frank financial regulation bill, two words were left unspoken: Fannie and Freddie. Yet they not only played a major role in creating the housing bubble that led to the meltdown of 2008, they stand today as the primary remaining bailout debtors to … More

    An Iceberg of Financial Reform, but What Lies Beneath?

    A whopping 62 percent of Americans now say the United States is on the wrong track, yet President Barack Obama and liberals in Congress continue to steer the country in the same downhill direction toward bigger government. That runaway train picked up more speed this morning, as a House-Senate conference … More

    Deal with Fannie and Freddie Now or We'll Pay Later

    What’s the main selling point for the financial regulation bill Congress is debating? That it would end taxpayer bailouts. The Senate even added an amendment directly noting that the bill is intended to “prohibit taxpayers from ever having to bail out the financial sector.” But don’t breathe a sigh of … More

    Guest Blogger: Rep. Peter Roskam (R-IL) on Fannie Mae and Freddie Mac

    In the last week, the government-backed mortgage finance giants Fannie Mae and Freddie Mac asked the taxpayer for $19 billion to stay afloat.  Add that to the $127 billion in bailouts they have already received since September 2008, and we are now talking about a whopping $146 billion of your … More

    The Fannie and Freddie Solution for Pollution

    Senators Kerry and Lieberman have introduced their “compromise” climate change legislation that relies largely on a “cap and trade” scheme to reduce carbon emissions. Even assuming there was a need for carbon limits, the Kerry-Lieberman bill gets the mechanism all wrong, apparently because the Senators either don’t understand or don’t … More