President Bill Clinton’s Secretary of the Treasury Lawrence Summers and Heritage don’t always agree. But few experts seem to be satisfied that the new regulator for Freddie Mac and Fannie Mae will be enough to address the systemic risk Fannie and Freddie pose to our financial system. Summers wrote in …
Speaker Nancy Pelosi’s (D-CA) first act when taking over control of the House was to pass a bill that the Washington Post called “the broadest ethics and lobbying revision since the Watergate era.” Since then, it has become well documented that the government sponsored entities Fannie Mae and Freddie Mac, …
Anticipating legislative action on a bailout for Fannie Mae and Freddie Mac in the House tomorrow, the White House reaffirmed a veto threat Monday if the proposed package includes a money for state and local governments to buy real estate. Speaker Nancy Pelosi responded, “Let me get this straight. The …
The Washington Post makes a great case today for separating the left’s long sought housing bailout bill with the more pressing debate over long term reform for Fannie Mae and Freddie Mac They write today: Democratic leaders in Congress plan to attach the Fannie-Freddie rescue to housing legislation already passed …
In retrospect, allowing two government sponsored entities to leverage their government granted advantages into a massive duopoly that could destroy the entire American housing market, probably wasn’t such a good idea. If only someone had warned Congress about the problem. Oh wait, someone did. Heritage scholar Ron Utt wrote in …
