Comments on: Fannie and Freddie as "Greater Fools"

By: Some Warnings for Modern Pigovians (from Pigou Himself) | TRUTH ON THE MARKET

Mon, 19 Apr 2010 14:20:27 +0000

[...] they are seeking to correct is, in fact, private; in reality, it’s often not (see, e.g., the role of Fannie and Freddie in creating the housing bubble at the heart of the financial crisis, the role of the tax deduction [...]

By: TRUTH ON THE MARKET » Another Mis-step in Reactionary Regulation

TRUTH ON THE MARKET » Another Mis-step in Reactionary Regulation — Wed, 16 Dec 2009 19:59:26 +0000

[...] not more, importantly, “just don’t” impose financial market distortions (such as federally-subsidized mortgages to sub-prime borrowers) in order to achieve political and social engineering [...]

By: Felix

Felix — Mon, 20 Oct 2008 21:11:25 +0000

Fannie and Freddie weren’t the only ones buying bad mortgages. The investment banks gobbled them up just as readily, so they could securitize them and offer them up to their investors. They enabled these bad loans just as much as F&F. And F&F at least, did not exacerbate their situations by leveraging themselves up 33 to 1. So the investment banks and other entites in the shadow banking realm were just as much, if not more to blame for the mess we are in. And a more prudent regulatory regime could have taken much of the bite out of the current crisis.

By: dfelton

dfelton — Sun, 19 Oct 2008 18:00:38 +0000

Please vote for Bob Barr, the Libertarian Party candidate for president.

There are a number of good reasons. Clearly McCain has no chance now. He shot his bolt.

Moreover, why vote for McCain? He voted for the bailout, just like Obama. Why not send a message to both parties that it is time to vote on principles.

Only Bob Barr is moral enough and conservative enough to deal with the issue of housing, Wall Street, and the rest of the current mess. He has not taken a cent from Fannie or Freddie or from any of the Wall Street firms that profit from the bailout. And Bob Barr has the support of Rep. Ron Paul, who did so well in the Republican primary debates.

Here’s Bob’s Web site: http://www.bobbarr2008.com/

By: Robert Larsen

Robert Larsen — Sat, 18 Oct 2008 22:06:01 +0000

“How shrewd of Congress. It could pursue the laudable goal of affordable housing, without any explicit federal subsidy,”
And how shrew of congress to create a government sponsored entity as a source of millions in campaign money and other influence peddling.