Post Tagged with: "Fannie Mae"
Gross Urges ‘Full Nationalization’ of Housing Finance
From Bloomberg: Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the U.S. should consider “full nationalization” of the mortgage- finance system as the Obama administration plots the revival of a market that was at the center of the 2008 credit crisis. “To suggest that there’s a large place
Data Triangulation
A post by Annaly Capital Management from last night. Connecting two data events from the last 24 hours serves as a reminder to policy makers that if they really want to improve the housing finance system in the United States they should first work on improving the jobs picture. First, Fannie Mae released its quarterly
On Liquidating Fannie and Freddie and Other Links
Topic of the Day: Fannie Mae and Freddie Mac Fannie Mae and Freddie Mac: Unfinished business | The Economist America’s housing market: Unnecessary evils | The Economist Why We Have Freddie and Fannie, Arnold Kling | EconLog | Library of Economics and Liberty Topic #2: Prisons and America Rough justice in America: Too many laws,
Robert Byrd and Housing
A post by Annaly Capital Management The death of Senator Robert Byrd (“an institution within an institution” is what President Obama called him) may be the butterfly wings that alter the financial landscape of the United States. Without him, it is not entirely clear whether there are 60 votes to pass the financial regulatory reform
Nationalizing The US Mortgage Problem With Fannie and Freddie And Other Links
Fannie and Freddie Cost of Fannie And Freddie Keeps Rising – NYTimes.com Related Posts May 2010: Banks Making Shed Loads But Fannie And Freddie May Be “Losing Money as a Matter of Policy” Jan 2010: Manipulating mortgages Sep 2008: The nationalization of America’s mortgage problem Sep 2008: Fannie and Freddie: The politics of finance The
Mark Thoma on the GSEs and the Zero Bound and Other Links
Must Reads: Mark Thoma Economist’s View: Things are Different at the Zero Bound Economist’s View: It Wasn’t Fannie, Freddie, or the CRA Bank Failures FDIC: Press Releases – Great Western Bank, Sioux Falls, South Dakota, Assumes All of the Deposits of TierOne Bank, Lincoln, Nebraska FDIC: Press Releases – FDIC Approves the Payout of the
Banks Making Shed Loads But Fannie And Freddie May Be “Losing Money as a Matter of Policy”
The FDIC is out with its Quarterly Banking Profile for Q1 2010. And despite a rise in the FDIC’s ‘Problem List of Banks’ to 775 in Q1 from 702 at the end of 2009 and 552 in Q3 2009, banks earned a ton of money – more than $18 billion in the quarter. Big banks
Pitchforks, Vampire Squids, and Simon Johnson’s Robespierre Moment
This morning I attended a breakfast on financial reform hosted by the Agenda Project’s Erica Payne. The purpose was to crystallize the issues most pertinent to the financial reform debate in these crucial weeks leading up to full Senate consideration and a likely Republican filibuster. The Robespierre Moment Leading the charge were Raj Date, Bob
Economics Are Behind Brown Massachusetts Senate Win; Does It Matter For November?
Embedded is a report by Thomas Ferguson and Jie Chen of the Roosevelt Institute which sought to determine the likely cause of the epic Scott brown victory in Massachusetts Senate Race. Their analysis points to economics as the overriding factor. This is the abstract: Passage of the health care reform bill has convinced some analysts
What is Up with Fed Funds?
The Fed funds rate has been creeping up in recent days. At first, many dismissed it as a technical quirk. In early February, the effective Fed funds rate firmed to 14 bp as it did in early March. However it did not stop there and yesterday was at 16 bp. Dealers report a tight market
Sheila Bair blames the Fed for the credit crisis
Sheila Bair is a straight shooter. And as such, she laid it on the line today in her prepared remarks before Congress. Her remarks were on the money on several counts. I will highlight just a few with commentary followed by the relevant quotes. A link to the testimony is provided at the end. Notice
On kleptocracy and the sense that we have a one-party system
As a writer, Matt Taibbi is a lot more vitriolic than I am. He curses, makes some pretty over-the-top personal attacks, and divines a policymaker’s intent where I don’t think he can. But, this goes mostly to style. Substantively speaking, he has a lot to say and we should take notice. I wanted to highlight