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The Tragic Demise of Fannie Mae
American.com, by Alex Pollock

Original Article

Posted By:eagleblurst, 10/22/2012 3:25:59 PM

James R. Hagerty’s new book, The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall, shows how hard it is for administrations throughout history to know what they are really doing in their political attempts to manipulate the housing market. As Hagerty explains, the Eisenhower administration, working through the Housing Act of 1954, tried to wean Fannie off the government’s credit and make it operate with private capital. It succeeded instead in creating the essence of the fateful and costly government-sponsored enterprise (GSE) structure.

      


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Reply 1 - Posted by: bob913, 10/22/2012 6:17:46 PM     (No. 8953456)

Fannie Mae has made many democrats very rich with our money.

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Below, you will find ...

Most Recent Articles posted by "eagleblurst"

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Most Active Articles (last 48 hours)




Most Recent Articles posted by "eagleblurst"



Hoping for China´s Success
American Magazine, by Vaclav Smil    Original Article
Posted By: eagleblurst- 3/28/2014 9:35:21 AM     Post Reply
There is always some reason for the West to worry about China. How far will Chinese companies go to acquire major Western businesses? Do the Chinese have too much influence in too many African economies? Why do they provocatively claim sovereignty over entire seas? What are their strategic intentions after years of large spending increases on their military? In these cases, and many others, the best possible outcome for the rest of the world might be if things did not go entirely China’s way, and if the Chinese had to lower their ambitions. But there is one concern where everybody should wish to see China successful:

A National Minimum Wage Is a Bad Fit
for Low-Cost Communities
American Magazine, by Andrew Biggs and Mark J. Perry    Original Article
Posted By: eagleblurst- 3/26/2014 12:19:37 PM     Post Reply
Progressives are practically united in supporting periodic increases in the national minimum wage. The only disagreement is by how much: some, like President Obama and his fellow Democrats, propose raising the national minimum wage by almost 40 percent over the next few years to $10.10 per hour and indexing it to inflation thereafter; others favor almost doubling the current minimum wage to a so-called “living wage” of $15 per hour or more. But note that we call it the national minimum wage. It’s a federally mandated minimum wage that applies universally across the country... [Snip]

The Proper Size of Government
American Magazine, by Sean Speer and Charles Lammam    Original Article
Posted By: eagleblurst- 3/24/2014 10:24:58 AM     Post Reply
President Obama has frequently cited the seemingly intractable debate about the size of government currently consuming the political class as his primary obstacle to getting major reforms through a divided Congress. For example, he recently said: For several years now, this town has been consumed by a rancorous argument over the proper size of the federal government. It´s an important debate — one that dates back to our very founding. But when that debate prevents us from carrying out even the most basic functions of our democracy... [Snip]

Why the Patient CARE Act Proposal
Isn’t Ready to Replace Obamacare
American Magazine, by Thomas P. Miller    Original Article
Posted By: eagleblurst- 3/21/2014 9:43:56 AM     Post Reply
In recent months, Capitol Hill Republicans have renewed efforts to offer a health care reform plan to replace and not just repeal the Affordable Care Act (ACA). Previous reform proposals within Republican circles have lacked the comprehensive scope, attention to implementation obstacles, and strategic vision to present an effective and attractive replacement alternative to the floundering ACA regime. Stepping up to try to fill this vacuum is the Patient Choice, Affordability, Responsibility, and Empowerment (CARE) Act, proposed in late January by senators Richard Burr (R-NC), Tom Coburn (R-OK), and Orrin Hatch (R-UT).

Tribal Wisdom in Modern Times
American Magazine, by Michael M. Rosen    Original Article
Posted By: eagleblurst- 3/19/2014 9:17:49 AM     Post Reply
Tribal warfare, broadly construed, has afflicted human existence since the beginning of recorded time. Figuring out how to resolve conflict among conflicting groups — be they actual warring tribesmen, geopolitical rivals, partisan adversaries, or cultural warriors — can rightly be described as the key challenge facing social scientists, both in theory and in practice. In his engaging, persuasive book Moral Tribes: Emotion, Reason, and the Gap Between Us and Them, Joshua Greene, a cognitive psychology professor and the director of Harvard’s Moral Cognition Laboratory, grapples with some of the thorniest socio-moral questions ever to have bedeviled political philosophers...

   

 

  


 
Senator Warren Gets Taken
In by a False Analysis
American Magazine, by Peter J. Wallison and Edward J. Pinto    Original Article
Posted By: eagleblurst- 3/17/2014 12:07:35 PM     Post Reply
Last week, in a speech to the National Community Reinvestment Coalition, Senator Elizabeth Warren noted that an academic paper published by the St. Louis Federal Reserve was “proof” that the affordable housing goals did not contribute to the subprime mortgage boom. We have seen this paper before and advised the authors that it was based on a faulty understanding of how the housing market worked during the period they covered. However, the paper was not modified in any substantial respect... [Snip]

Pre-K vs. Back Pay: Personnel
Costs Threaten Progressive Goals
American Magazine, by Stephen D. Eide    Original Article
Posted By: eagleblurst- 3/14/2014 8:43:59 AM     Post Reply
Public sector unions bring out the worst in the modern administrative state. States with weak labor regulation also tend toward bloat and inefficiency, but it’s in blue states, which overcompensate their employees and mock the concept of “public service” with their absurdly protective work rules, where government operates most like government. In New York, Mayor Bill de Blasio believes in the benefits of government spending, but his progressive goals are threatened by unsustainable personnel costs. His proposed solution is to raise taxes, thus doubling down on bloat.

San Francisco´s Growing Class Conflict
American Magazine, by Scott Beyer    Original Article
Posted By: eagleblurst- 3/12/2014 9:35:36 AM     Post Reply
Recent opposition to two new private transportation services in San Francisco illustrates the city’s growing class conflict. But rather than discouraging these alternatives, the city should bridge the gap by improving its public transportation. Both Uber, a San Francisco-based start-up that offers paid ridesharing services, and the so-called “tech buses” — a fleet of double-deckers that Silicon Valley companies now use to transport their San Francisco employees — have faced roadblocks. Uber, along with similar companies like Lyft and Sidecar, has been targeted by regulations that for years made its services illegal in San Francisco. [Snip]

Do We Really Need a Larger IMF?
American Magazine, by Desmond Lachman    Original Article
Posted By: eagleblurst- 3/10/2014 9:49:24 AM     Post Reply
John Maynard Keynes famously observed, “when the facts change, I change my mind. What do you do, sir?” Evidently the same may not be said of the U.S. Treasury regarding the appropriate size of the International Monetary Fund. While the U.S. Treasury is all too ready to argue the case for a bigger IMF when circumstances appear to justify such a move, it has been reluctant to revise its assessment now that changed circumstances indicate a smaller IMF is preferable.

How to Avoid Another
Global Financial Crisis
American Magazine, by Alan Greenspan    Original Article
Posted By: eagleblurst- 3/6/2014 10:16:26 AM     Post Reply
September 15, 2008 was not just the beginning of the financial crisis, which may very well have been the greatest financial crisis ever (the Great Depression of the 1930s was a far more devastating economic problem). In the hours and days following the Lehman Brothers default that day, there was a virtual breakdown of the global financial system. For the first time ever, I believe, the short-term and overnight credit markets in the United States and around the world shut down. Not only did prices collapse, but the markets ceased to function. Bids virtually disappeared. Money market mutual funds,

   

 

B-G1


 
The OAS is AWOL on Venezuela
American Magazine, by Roger F. Noriega    Original Article
Posted By: eagleblurst- 3/5/2014 9:52:01 AM     Post Reply
The Organization of American States (OAS) sits silent on Venezuela, even as political unrest, government violence against student demonstrators, and economic catastrophe threaten to tear that country apart. At long last, the regional body that years ago was sequestered by Venezuela’s petro-diplomacy has been bound and gagged.

Bordering on Chaos
American Magazine, by Alan W. Dowd    Original Article
Posted By: EagleBlurst- 3/3/2014 3:30:27 PM     Post Reply
To optimists, the recent arrest in Mexico of the world´s most wanted drug lord, Joaquin “El Chapo” Guzmán, and Mexico’s bloody drug war generally, are proof that the Mexican government is standing up to the cartels. But pessimists look at Mexico and see a failing state on America’s border. More than 80,000 people have been killed in Mexico’s brutal conflict, with the victims beheaded, shot, tortured and worse. Civil authorities regularly quit or join the warlords, and entire towns have been depopulated as government forces and drug cartels vie for control.



Most Active Articles (last 48 hours)



Can Rick Perry Get A Second
Chance With GOP Voters In 2016

53 replie(s)
Daily Beast, by Myra Adams    Original Article
Posted By: StormCnter- 3/29/2014 6:04:15 AM     Post Reply
After a disastrous presidential campaign in 2012, can Texas Governor Rick Perry mount a credible bid for the White House in 2016? Texas Governor Rick Perry is currently on a media tour touting the theme that America is a great place for second chances, specifically second chances for Texas governors with national ambitions. Perry is trying to erase the memory of his disastrous 2012 GOP presidential campaign which included “brain-farts” and “oops” debate moments with his folksy, charming, and uniquely American manner. Curious about Perry’s comeback strategy, I asked Texan and GOP presidential media guru, Mark McKinnon and he said,

Oversight Dems Ask Issa to Call
Off Benghazi Investigation

52 replie(s)
PJ Media, by Bridget Johnson    Original Article
Posted By: KarenJ1- 3/28/2014 3:06:55 PM     Post Reply
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White House looks to regulate cow
flatulence as part of climate agenda

48 replie(s)
Daily Caller, by Michael Bastasch    Original Article
Posted By: mitzi- 3/28/2014 3:37:51 PM     Post Reply
As part of its plan to reduce U.S. greenhouse gas emissions, the Obama administration is targeting the dairy industry to reduce methane emissions in their operations. This comes despite falling methane emission levels across the economy since 1990. The White House has proposed cutting methane emissions from the dairy industry by 25 percent by 2020. Although U.S. agriculture only accounts for about 9 percent of the country’s greenhouse gas emissions, according to the Environmental Protection Agency, it makes up a sizeable portion of methane emissions — which is a very potent greenhouse gas. Some of these methane emissions come from

   

 

R_DBL_B
  


 
Influential Republicans working to draft
Jeb Bush into 2016 presidential race

40 replie(s)
Washington Post, by Philip Rucker & Robert Costa    Original Article
Posted By: LittleHoodedMonk- 3/29/2014 4:46:51 PM     Post Reply
Las Vegas - Many of the Republican Party’s most powerful insiders and financiers have begun a behind-the-scenes campaign to draft former Florida governor Jeb Bush into the 2016 presidential race, courting him and his intimates and starting talks on fundraising strategy. Concerned that the George Washington Bridge traffic scandal has damaged New Jersey Gov. Chris Christie’s political standing and alarmed by the steady rise of Sen. Rand Paul (Ky.), prominent donors, conservative leaders and longtime operatives say they consider Bush the GOP’s brightest hope to win back the White House.

Startling Rift on Supreme Court
Springs From Error by Kagan
On Text of Obamacare Law

35 replie(s)
New York Sun, by Betsy McCaughey    Original Article
Posted By: mitzi- 3/29/2014 12:55:11 PM     Post Reply
A startling rift appeared Tuesday on the Supreme Court as the three female Justices came out swinging like Brunnhildes — women warriors — for what they erroneously labeled an “entitlement” to employer-provided contraceptives and morning-after pills. The Justices were hearing oral arguments in Sebelius v. Hobby Lobby Stores, Inc., a case hyped by the Democratic Party as a test for women’s rights. Justices Kagan, Ginsberg, and Sotomayor sprang on Hobby Lobby’s attorney , interrupting his every sentence and pummeling him with questions taken right out of the Democratic Party’s “war on women” playbook. That playbook was laid out in a

Lighten up on the first lady
35 replie(s)
Washington Post, by Kathleen Parker    Original Article
Posted By: JoniTx- 3/29/2014 2:21:53 PM     Post Reply
The past couple of weeks have marked a turning point in American ugliness as the mob has turned its full fury on first lady Michelle Obama. From criticism of her trip to China to a recent “tell-all” by former White House assistant press secretary Reid Cherlin in the New Republic about Obama’s allegedly tyrannical behavior, the gloves have been removed. As described, she was a perfectionist — super-attentive to detail and laser-focused on advance planning. And this is bad because? Worse, according to a former (anonymous) staffer, there was no barometer for meeting Obama’s high standards. “The first lady having

Student, 20, sues for $40MILLION
after being hauled from her car at
gunpoint and arrested for buying beer
underage when she only bought WATER

31 replie(s)
Daily Mail [UK], by Peter Rugg    Original Article
Posted By: Ribicon- 3/29/2014 1:17:21 PM     Post Reply
A University of Virginia student arrested by Alcoholic Beverage Control agents who wrongly believed she´d illegally bought beer when in fact she only had bottled water is seeking $40 million in a lawsuit filed Tuesday. Elizabeth K. Daly, 21, alleges malicious prosecution, six counts of assault and battery and failure to appropriately train ABC agents in the suit which names the state and seven agents involved in her arrest. (Snip) Daly claimed she attempted to flee from the agents because neither were in uniform, one pulled a gun, and the other tried to smash her car window with a flashlight. ´My

Women are legally free to abort a baby
because of its sex, says abortion charity head

30 replie(s)
Telegraph (UK), by Alice Philipson    Original Article
Posted By: Hermoine- 3/28/2014 7:39:52 AM     Post Reply
Ann Furedi, of BPAS, said the law does not prevent women from choosing a termination on the grounds of gender and she even compared it to abortion after rape. Mrs Furedi´s comments come weeks after it was disclosed that the CPS had decided not to prosecute two doctors who were exposed by a Daily Telegraph investigation arranging terminations purely because the unborn baby was a girl. A group of 50 MPs, drawn from across the party divide, then wrote to this newspaper warning that the decision was a “step back in the fight for gender equality” and effectively changes the law without

   

 



 
Race equity summit to address
widening wealth gap between races

25 replie(s)
Detroit Free Press, by Niraj Warikoo    Original Article
Posted By: Ribicon- 3/29/2014 11:28:34 AM     Post Reply
With studies showing widening economic gaps between whites and African Americans, civil rights leaders in metro Detroit are concerned. “We’re going in the wrong direction,” said Freda Sampson, a leader with the nonprofit group Michigan Roundtable for Diversity and Inclusion. “We’re getting further and further divided.” To help close that racial and class divide, her group is holding an all-day conference, called the Equity Action Summit, on Saturday at Cobo Center in Detroit. (Snip) Saturday’s conference, supported by the NAACP and Fair Housing Center of Metro Detroit, is to feature talks by President Barack Obama’s former pastor, the Rev. Jeremiah

Influential Republicans
working to draft Jeb Bush
into 2016 presidential race

23 replie(s)
Washington Post, by Philip Rucker and Robert Costa    Original Article
Posted By: tisHimself- 3/29/2014 11:42:28 PM     Post Reply
Many of the Republican Party’s most powerful insiders and financiers have begun a behind-the-scenes campaign to draft former Florida governor Jeb Bush into the 2016 presidential race, courting him and his intimates and starting talks on fundraising strategy. Concerned that the George Washington Bridge traffic scandal has damaged New Jersey Gov. Chris Christie’s political standing and alarmed by the steady rise of Sen. Rand Paul (Ky.), prominent donors, conservative leaders and longtime operatives say they consider Bush the GOP’s brightest hope to win back the White House.

Did baby Barack Obama live with
Ann Dunham in Seattle?

22 replie(s)
American Thinker, by Shawn Glasco    Original Article
Posted By: JoniTx- 3/29/2014 9:39:28 AM     Post Reply
Only "mere scraps of data documented" Barack Obama´s mother´s "days in Seattle," writes Obama biographer David Maraniss in his 2012 Barack Obama: The Story. Incidentally, Maraniss was telling the truth: Ann´s "days in Seattle" weren´t mentioned in Dreams from my Father and were only vaguely implied in Maraniss´s lengthy 2008 article. And it appears that the only "scraps" of evidence of Obama´s mother´s time in Seattle during 1961-1962 was a listing in a Seattle Polk directory and a University of Washington (UW) transcript. And it appears that the only "mere scraps" of evidence of baby Barack´s time in Seattle are

What’s the least valuable
college degree in the U.S.?

20 replie(s)
CBS News, by Aimee Picchi    Original Article
Posted By: LittleHoodedMonk- 3/28/2014 1:41:18 PM     Post Reply
With high school seniors and their families now deciding where to enroll for college next fall, they might want to take a gander at research showing the best -- and worst -- values for a degree. The shocker in a survey by PayScale, a research firm that focuses on compensation, is that there are schools where students would have been better off not attending. Why? The 20-year net return on their college investment amounts to a financial loss, even when financial aid is included. Taking the time to get and spend money on a degree, in short, means you might actually find yourself in a financial hole. The survey may add to parents' doubts about

   

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