Austrian School

The Future for the Mortgage GSEs

You're way to generous, they should be abolished. They've proved to be unstable and impossible to regulate.

Fannie Mae's Decline Is Disheartening

Not everyone was in love with the GSEs. Many saw them asw an unholy alliance between business and government. A way to privatize profit and social the risk. Many foresaw the risks that we now appear to be witnessing come true.

OFHEO's Part in the Housing Crisis

How much are the GSE's paying you for this piece? What makes you think they're better at pricing risk than the entire market? Its their intervention in markets that are largely to blame for the situation we're in now, why would more of the same poisen become a cure? Its only when the malinvestments of this era of credit excess have been liquidated that we can get back on track to a healthy state based on fundamentals. Holding onto bad loans only prolongs the death. The market isn't illiquid, the price just went down and nobody wants to admit they're insolvent. The GSEs have done what anyone with free risk insurance does, they loaded up on risk and now the stuff has hit the fan.

Fannie Mae's Housing Forecast Seems Too Optimistic

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Fannie Mae's Housing Forecast Seems Too Optimistic

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