woodwardhall.wordpress.com - 1/27/2009
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Here are our recommendations. A discussion follows.
The GSEs should be preserved, mainly because they are the most effective institutions for providing liquidity to the mortgage market. Most mortgage investors, including depositories, prefer to hold liquid securities rather than ...
breitbart.com - 1/30/2009
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breitbart.com —
URBANA, Md. (AP) - The Justice Department says
it foiled a plot by a fired Fannie Mae...
contract worker in Maryland to destroy all the data on the mortgage giant's 4,000 computer servers nationwide. The U.S. Attorney's Office says 35-year-old ...
(more)
Feds allege plot to destroy Fannie Mae data
bloomberg.com - 1/24/2009
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bloomberg.com —
Jan. 24 (Bloomberg) -- Freddie Mac , the
mortgage-finance company under federal control, needs as much as...
$35 billion more in federal aid, and Fannie Mae may soon ask the U.S. Treasury Department for rescue funds as well. Freddie, which took $13.8 ...
(more)
Freddie Seeks Up to $35 Billion From U.S.; Fannie May ...
reuters.com - 1/27/2009
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reuters.com —
NEW YORK (Reuters) - Fannie Mae and Freddie
Mac could tap the government for up to $51...
billion in coming weeks, exceeding some Wall Street estimates, so they can continue to operate as the largest providers of funding for U.S. residential mortgages. ...
(more)
Fannie, Freddie may tap U.S. Treasury for $51 bln
Comments
Blog Reactions
Should Freddie and Fannie Come Back?
EconLog: Library of Economics and Liberty —
Susan Woodward and Robert Hall say "yes." Their history of the mortgage market is correct. Their analysis of the nature of the competition between banks, thrifts, and the GSE's (what some of us call the "duelling guarantee" model) is correct. See ...
Woodard and Hall: What to do about Fannie Mae and Freddie Mac?
Economist's View —
Susan Woodard and Robert Hall on what should happen to Fannie and Freddie:
What to do about Fannie Mae and Freddie Mac?,
by Woodard and Hall: Here are our recommendations. A discussion follows.
The GSEs should be preserved, mainly because they
are the most effective institutions for providing liquidity to the
mortgage market. Most mortgage investors, including
depositories, prefer to hold liquid securities rather than illiquid
whole loans. Wall Street securitization is not a substitute.
Fannie and Freddie should be ...
Readings 01/28/09
Paul Kedrosky's Infectious Greed —
Capital flows to developing world at risk (FT)
What to do about Fannie Mae and Freddie Mac? (Source)
Inflation(ists) vs. Deflation(ists) (Cassandra)
House Panel Approves Cram Downs (Calculated Risk)
A Stimulus With Merit, but Some Misses, Too (NYT)
PermaBear Wisdom (Falkenblog) Global Search for Growth Will Turn to U.S. (WSJ)
FDIC may run "bad bank" (Bloomberg)
German business confidence unexpectedly increases in January (Shanghai Daily) ...
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