All Posts Tagged With: "GSE"

Too Big to Fail

“Once you lose your freedom to fail, you also lose your freedom to succeed and you cease to be a free society.” —U.S. Rep. Jeb Hensarling of Texas
In March 2008 the investment banking firm Bear Sterns failed and the federal government quickly stepped in. The public was inundated with the phrase “too big to fail” (TBTF) [...]

2Mar2009 | Michael Heberling | 4 comments | Continued

Bailing Out Statism

The key to understanding the saga of Fannie Mae and Freddie Mac—the recently nationalized twin government-sponsored enterprises (GSEs) that dominate home financing—is this:
They were set up—intentionally—to distort the housing and mortgage markets. Government planners were not content to let voluntary exchange and spontaneous market forces configure those industries unmolested. So—holding the taxpayers hostage—they intervened.
Make no [...]

20Jan2009 | Sheldon Richman | 6 comments | Continued

Nationalization of the Mortgage Market

Breaking down the mortgage market breakdown and how it’s all the government’s fault.

1Dec2008 | Robert P. Murphy | 2 comments | Continued

Bailing Out Statism

The key to understanding the saga of Fannie Mae and Freddie Mac—the newly nationalized twin government-sponsored enterprises (GSEs) that dominate home financing—is this:
They were created—intentionally—to distort the housing and mortgage markets. That is, government planners were not content to let voluntary exchange and spontaneous market forces configure those industries unmolested. So—holding the taxpayers hostage—they intervened.
Make [...]

1Dec2008 | Sheldon Richman | 0 comments | Continued