Browse by Tags

Forecasts & Trends

Blog Subscription Form

  • Email Notifications
    Go

Archives

  • Fannie & Freddie - The Unnecessary Disaster

    Earlier this month, mortgage giants Fannie Mae and Freddie Mac requested an additional $19 billion in government bailout money just to stay afloat. Since Fannie and Freddie were taken over by the government in September 2008, the government has poured $145 billion in taxpayer money into these mortgage agencies. These quasi-government agencies have been out of control for decades, and I will argue that they were largely responsible for the housing bubble, the financial crisis that followed, and the Great Recession. The Bush administration tried to reform these agencies for years, but the Democrats blocked all such efforts. Why? Because Fannie and Freddie were huge political contributors. You will definitely want to read this week's E-Letter, and you will probably want to share it with others. Feel free.

    ...