krugman.blogs.nytimes.com - 11/17/2008
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So I was listening to Arnold Schwarzenegger before doing the This Weak round table, and he was mostly making sense - except for one thing. He asserted, as a simple matter of fact, that "government created the housing bubble", because Fannie and Freddie made all these loans to people who couldn't ...
online.wsj.com - 11/11/2008
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online.wsj.com —
WASHINGTON -- Fannie Mae , Freddie Mac and
U.S. officials are expected to announce plans Tuesday to...
speed up the modification of hundreds of thousands of loans held by the housing finance giants, marking the latest effort to try and prevent more ...
(more)
Fannie, Freddie Work on Mass Loan Modification Plan
delong.typepad.com - 11/20/2008
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delong.typepad.com —
Once again, Richard Green's refutation of the right-wing
hack claim that Fannie and Freddie caused the crisis...
by leading poor private-sector financiers to make stupid loans: Richard's Real Estate and Urban Economics Blog: Charles Calomiris and ...
(more)
Fannie and Freddie Did Not Cause the Crisis
calculatedrisk.blogspot.com - 11/11/2008
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calculatedrisk.blogspot.com —
From the WSJ: Fannie, Freddie Work on Mass
Loan Modification Plan Fannie Mae, Freddie Mac and U.S....
officials are expected to announce plans Tuesday to speed up the modification of hundreds of thousands of loans ... The streamlined effort will target ...
(more)
Fannie, Freddie to Present Loan Mod Plan at 2PM ET
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Republicans Dive Deeper into Fantasy
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Fannie Freddie Phony: So I was listening to Arnold Schwarzenegger before doing the "This Weak" round table, and he was mostly making sense — except for one thing. He asserted, as a simple matter of fact, that “government created the housing bubble”, because Fannie and Freddie made all these loans to people who couldn’t afford to pay them. ...
The Progress of the Financial Crisis in One Picture: Mortgages, Flight to Safety, Credit Lock
Econbrowser —
... maturities, and to be too 36
interconnected. Brunnermeier (2008b) discusses the possible direction of future financial regulation using measures of risk that take these domino effects into account.
(As an aside, I'll observe that in this paper, Fannie and Freddie do not make appearances as "causes" of the crisis. I wonder who has an interest in pushing the view of Fannie and Freddie as betes noire. For more recent critiques of the "F&F; caused it" meme, see [1], [2] (h/t DeLong).)
Technorati Tags: financial crisis, credit ...
Paul Krugman: Eat your words!
Rolfe Winkler —
Defending Fannie and Freddie, Paul Krugman posted this a month ago:
…Fannie/Freddie did some bad things, and did, it turns out, get to some extent into subprime. But thanks to the accounting scandals, they were actually withdrawing from the market during the height of the housing bubble — the vast majority of the loans now going bad came from the private sector.
All of which was proven absolutely false today when Krugman’s own paper published one ...
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Fannie, Freddie to Purchase “Under-Performing” Mortgage Bonds
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hf-implode.com 8/9/2009 — " If policymakers have learned anything from the subprime meltdown, it's that the hybrid model doesn't work. As the saying goes, it privatizes the upside and socializes the downside. There's no such thing as an "implicit" government guarantee -- if Wall Street pins its investing on the ...
The Senate: Inching to 60 —
The Economist: Full print edition 11/20/2008
Democrats need only two more seats for a supermajority SOME glass ceilings are harder to shatter than others. America may have chosen its first black president. But there is another minority whose members are disproportionately poor, often languish ...
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