phil from Edmond

Wall Street Breakfast: Must-Know News

Further to the proposed sale of tax credits. Why would Treasury approve the sale? Effectively, they would approve Fannie Mae to accept $0.80 (or whatever) for $1 dollar of tax credits. Since Treasury is funding Fannie Mae, through the conservatorship, where is the advantage to the Treasury in this transaction. Treasury reduces its contribution to Fannie Mae by $0.80 and loses $1 dollar from tax receipts.

Why We Must Act Now on Our Economic Structural Problems

The first problem to fix is the trade deficit. But, 3(b)-(c), might worsen it by the "beggar thy neighbor" implications. Home grown energy to reduce the need for imported oil is most important. Unfortunately, that means shale gas, off-shore oil, coal and nuclear as well as the environmentally correct wind and solar.

Serious campaign reform, 5(a), and regulated lobbying, 5(b), might occur as a result of taxpayer revolt, town meetings and active interest in legislation