• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • housing bailout

    Perhaps Now Is Not the Best Time to Be Taking Money Away From Fannie and Freddie

    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 … More

    Morning Bell: A Conservative Approach to Fixing the Housing Market

    Possibly as early as today, the Senate will vote on a housing bailout bill that has been debated for months. The vote comes on the heals of news from Wall Street that the shares of government-sponsored entities Freddie Mac and Fannie Mae have plummeted as worries about the companies’ financial … More

    Tide Turning on Housing Bailout?

    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 … More

    Do You Want Your Mortgage Payments Funding Voter Fraud?

    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) … More

    Keeping the Focus on Dodd's Deal

    Our friends at FreedomWorks are keeping the pressure on Sen. Chris Dodd (D-Conn.) for his sweetheart deal with Countrywide Financial and the housing bailout he negotiated to benefit the company. During a recent trip to Capitol Hill, the FreedomWorks team brought its Pander-bear to Union Station to shine the spotlight … More

    Morning Bell: What's the Worst Part of This Bill?

    Today the Senate is scheduled to vote on the housing bailout bill that has been circulating on Capitol Hill for so long its title today is simply “a bill to provide needed housing reform and for other purposes.” When a bill’s title includes the phrase “and for other purposes,” you know … More

    Integrity of the Senate at Stake

    The Washington Post may have shifted its coverage of the Wall Street bailout bill from the front page to the business section, but the newspapers in Connecticut, Sen. Chris Dodd’s home state, are rightly keeping up scrutiny of the relationship between the Democratic senator and the banks that would benefit … More

    Bank of America Drafted Dodd's Housing Bailout Bill

    The Washington Examiner has obtained a “confidential and proprietary” document produced by Bank of America and titled “FHA Housing Stabilization and Homeownership Retention Act of 2008.” The “Discussion Document” dated March 11, 2008, closely resembles the housing bailout bill drafted by Sen. Chris Dodd (D-Conn.) that the Senate is set … More

    Why Does Dodd Get Special Deal?

    As the sponsor of a $300 billion housing bailout, you’d think liberal Sen. Chris Dodd (D-Conn.) would disclose his ties to the mortgage industry. Guess again. As coverage of Dodd’s sweetheart deal has intensified, so too have the senator’s critics. In a new video outside Dodd’s Washington, D.C., townhouse, our … More

    The Countrywide Bailout Explained

    We have been calling Sen. Chris Dodd’s (D-CT) housing bailout bill “The Wall Street Bailout Enhancement Act” for over a month now. In particular, we have singled out Countrywide Financial as the bank with most to gain from the federal government’s generosity. Countrywide is the largest loan servicer in the … More