For every 100 mortgages being sold in the United States these days, at least 95 of them have government backing. We’re told America has a free-market economy? Not judging by the government’s involvement in housing, arguably the most important market there is. Most people can go years without needing health care. A healthy adult can go weeks without food. We cannot go one day without needing shelter.
Tagged: Fannie Mae
No need to wait around three years and beyond to know what Barack Obama’s “legacy” will be. It will be failure. Few, if any, presidents have demonstrated his level of incompetence and ineptitude.
Like Captain Renault in the 1942 movie Casablanca, I am “shocked… shocked” to find that gambling has been going on in the mortgage-backed securities business. And so, apparently, is the[...]
With the news that there are signs of improvement in the housing market come plans to alter Fannie Mae and Freddie Mac, government-sponsored mortgage behemoths that have been under government[...]
Last week in the New York Times, economist Paul Krugman called for higher taxes than the Clinton era, citing how increased revenues need to be in the picture and not[...]
Reactions to recent events by astronaut, former U.S. Senator from New Mexico and Heartland Institute board member Harrison Schmitt (cross-posted at Schmitt’s personal blog, America’s Uncommon Sense): Debt Limit The fiscal house[...]