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   ... MORE

Yaron 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     ... MORE

Laffer & 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     ... MORE

Fannie 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.      ... MORE

John 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