The New York Times concerning Fannie and Freddie: The administration is still considering these and other options. The choice will reflect in large part a judgment about how hard the government should try to increase homeownership. Broader guarantees create greater risks for taxpayers, but also lower interest rates, bringing ownership within reach for more families. […]

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The day the new financial sector overhaul passed, I wrote Though one should notice that they didn’t figure a way to deal with government excesses “that tipped the nation into the worst recession since the Great Depression.” And it appears that I was right. Via Minyanville: The financial services reforms of the Dodd-Frank Act were […]

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