Government Mortages: The New Balancing Act
Today US Treasury Secretary Henry Paulson announced plans for the new Federal Housing Finance Agency (FHFA) to take Freddie Mac and Fannie Mae into conservatorship. The power to do this was provided in HR 3221 which was passed in July. The move includes replacement...Why Party Unity Matters
Democrats for decades have been struggling with the inner turmoil of diverse political positions which have kept their party from setting a course that all Democrats can get behind. And this partly why that party has bled so many conservative Democrats to vote for...
Swamp Stomper Alert: Pelosi’s Pickens
In this weekend’s Wall Street Journal, there is a report of an investment made by Nancy Pelosi and her husband. They put somewhere between $50,000 and $100,000 into T. Boone Picken’s company, Clean Energy Fuels Corp. At first blush, the relatively small...What A Week: Housing
By now you probably know that both Freddie Mac and Fannie Mae have had very poor quarterly reports. Worse than expected. And now we’re in for worse trouble. Money is now expected to be tighter as we roll into the fall and home buying will continue to be slow...Stay in Touch
