New Fannie, Freddie rules on the way
The federal regulator of Fannie Mae and Freddie Mac will set new rules early next week governing the mortgage finance companies’ portfolios, which play a crucial role in the nation’s housing market.
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Reject Interventionism and Embrace Liberty
by Jacob G. Hornberger
Ludwig von Mises pointed out that one government intervention will inevitably lead to more interventions. The reason is that the initial intervention produces a crisis, which then leads public officials to call for a new intervention to address the crisis. That new intervention then produces a new crisis, which then leads [...]
Buffett Says Fannie Mae, Freddie Mac `Game Is Over
Aug. 22 (Bloomberg) — Fannie Mae and Freddie Mac, the two largest mortgage finance companies, “don’t have any net worth,” billionaire investor Warren Buffett said.
“The game is over” as independent companies said Buffett, the 77-year-old chairman of Berkshire Hathaway Inc., in an interview on CNBC today. “They were able to borrow without any of the [...]