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    Morning Bell: Agenda 21 and the Threat in Your Backyard

    Ready to trade in your car for a bike, or maybe a subway instead? Interested in fewer choices for your home, paying more for housing, and being crammed into a denser neighborhood? You can have all this and more if radical environmentalists and “smart growth” advocates have their way and … More

    FHFA Sues Banks to Recover Housing Bond Losses: Less Than Meets the Eye?

    News reports say that the Federal Housing Finance Agency (FHFA) will sue about 12 major banks in order to recover some of the losses that Fannie Mae and Freddie Mac sustained on mortgage-backed securities the banks issued. The suits will seek to make the banks repay a share of about … More

    Morning Bell: Time to End Fannie and Freddie

    Four years after home values in America plummeted, fears over America’s housing market remain. In testimony before Congress yesterday, Federal Reserve Chairman Ben Bernanke cited “the continuing depressed condition of the housing sector” as one of the factors behind America’s sagging economy. In response to the poor market, the White … More

    Lunch with Heritage Online Chat - Fannie Mae and Freddie Mac

    Heritage expert David John recently wrote a paper titled “End Fannie Mae and Freddie Mac to Build Tomorrow’s Housing Finance System” What will ending Fannie and Freddie do to your mortgage? Will starting over have much of an impact on the housing market? Join our LIVE discussion and get your … More

    Fannie and Freddie: The Sky’s the Limit

    While most of us were at home waiting for Santa and his reindeer to arrive, a gift arrived for mortgage giants Fannie Mae and Freddie Mac, as the Obama Administration lifted caps on how much bailout money they can receive from the U.S. Treasury. The old limits for the firms, … More

    The Cloakroom: September 8 - 13

    Senate Analysis – Returning from their five-week summer vacation, Senators face an ambitious agenda that includes liberal health care reform, a cap-and-tax energy policy, financial regulatory overhaul, a new strategy in Afghanistan and, of course, appropriations. Some insiders have even mentioned comprehensive immigration and some variation of so-called “card check.” … More

    Smoking Gun of the Housing Crisis

    At yesterday’s Bloggers Briefing at Heritage, Rep. Darrell Issa (R-CA), ranking member on the House Oversight and Government Reform Committee, touted a 26-page report that holds the government accountable for the housing crisis through its unsustainable drive to increase homeownership. The report sheds light on the unnecessary interference of government … More

    Tributes to Jack Kemp: "A Man Above Men"

    As we come across them, we will post tributes to the legacy and life of Jack F. Kemp. This one comes from Mrs. Mildred Hailey, the founder of the nationwide movement of residents to manage and own their own public housing and Mrs. Cynthia Wiggins who succeeded Kimi Gray as head of their … More

    War on the American Dream: Sapping America's Potential

    Government Controlled Life Stimulus: The American Recovery and Reinvestment Act (ARRA) of 2009 significantly grew the size and scope of government, doubling the size of federal agencies—including Education and Energy—and moving America toward a government-mandated health care system, all while placing future generations further in debt. SCHIP: The State Children’s … More

    Regulators, Risk and Roubini

    Via Greg Mankiw, Bentley University professor Scott Sumner writes on efficient-markets hypothesis (EMH): So the anti-EMH argument for regulation must be based on the following: bankers are irrational and make lots of foolish loans. Regulators are rational and can see that these loans are too risky, and can protect bankers … More