by Jane Richey | Apr 3, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
According to the Washington Post, the Obama administration is pushing big banks to make more home loans available to Americans with bad credit – the same kind of government guidance that helped blow up the housing market: In response, administration officials say...
by Jane Richey | Jan 11, 2013 | Fiscal Responsibility, Politics
Housing rules unveiled by the administration’s new consumer watchdog agency on Thursday would insert the government into the housing market in a manner unseen for decades. The set of regulations unveiled by the 18-month-old Consumer Finance Protection Bureau...
by Jane Richey | Oct 9, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
In 2003, Rep. Barney Frank (D-MA) famously denied that “the Federal Government is obligated to bail out people who lose money in connection” with Fannie Mae and Freddie Mac: “There is no guarantee, there is no explicit guarantee, there is no...
by Jane Richey | Aug 18, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
Congressional Republicans are blasting the White House’s decision to rework the government bailout of housing giants Fannie Mae and Freddie Mac. The Treasury Department’s decision to modify some terms of the nearly four-year federal lifeline is drawing...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Some Federal Reserve Bank presidents and governors are talking about the possibility of further action to encourage growth in the economy. What planet are they on? Fed action can only influence nominal variables at this point in the cycle — not real variables such as...