Showing posts with label Fannie Mae. Show all posts
Showing posts with label Fannie Mae. Show all posts
Ira Stoll: Obama's Crony Capitalism
Granting favor to the few. On the Friday before Christmas, President Obama announced that
he was appointing Mohamed A. El-Erian, the CEO of Pacific
Investment Management Company, as the chairman of his Global
Development Council. The announcement didn’t get much attention, but it should. It
exemplifies what’s wrong with Obama’s approach to ... MOREYaron Brook: Why The Glass-Steagall Myth Persists
Lies about the free market. The growth of government intervention over the last century was built on the back of a handful of myths. A generation ago, the dominant myth was that free markets had caused the Great Depression, a falsehood ultimately debunked by economists like Milton Friedman. Today, the key myth is ... MORELaffer & Moore: Obama's Real Spending Record
Stimulating a disaster. President Obama shocked us the other day when he said, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years." Having heard him champion the "multiplier effects" of deficit-financed stimulus spending, we saw him as an enthusiastic supporter of throwing other people's money at just about any ... MOREFannie Mae Needs Another $4.6Billion From Taxpayers
Government bailouts, the gift that keeps on giving. Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington, D.C.-based Fannie said it lost roughly $2.4 billion in the October-December quarter, stung by declining home prices. ... MOREJohn Stossel: Politicians Fiddle While Fiscal Crisis Looms
Imagine this family budget: Last year, you earned $24,700. But you spent $37,900, incurring $13,300 in debt, and you were already $153,500 in debt. So you say, "I promise I'll spend $300 less this year!" Anyone can see that your cutback is pathetic and that you need to spend much less. Yet if you add eight zeroes, that's America's budget. The president says ... MORE
New Ideas Or Fidelity To Old Principles?
by Andrew Napolitano. If you've been watching cable television regularly, you've heard from many analysts who know Newt Gingrich personally. They either call him the smartest man in the room or they tell us Gingrich believes he's the smartest man in the room. Gingrich has always been a government ideas man, and whenever he says something odd ... MORE
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