All Posts Tagged With: "secondary mortgage market"
Nationalization of the Mortgage Market
Breaking down the mortgage market breakdown and how it’s all the government’s fault.
1Dec2008 | Robert P. Murphy | 7 comments | ContinuedBailing 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 [...]
1Dec2008 | Sheldon Richman | 2 comments | ContinuedThe State Is Morally Hazardous To Your Health
It’s never been more important for advocates of individual liberty to emphasize that what is failing today is not the free market but the state. To claim otherwise is to ignore generations of pervasive and deep-seated privilege through government interference with the marketplace. Intentions are irrelevant. The laws of economics proceed whether those who interfere [...]
1May2008 | Sheldon Richman | 1 comment | Continued-
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