There has been a plethora of verbage about the market system for a couple of months and some have consisently stated that the problem was that there was not enough government regulation or that regulators were lax in their enforcement efforts and thus the markets ran wild and the subprime mess that started all these [...]
Posts Tagged as ‘Fannie’
October 21, 2008
Bailouts–What’s the Right Target
We have reached the point where we now have to refer to the bailout philosophy that dominates political discussion in the plural. There is yet another proposal that is being bandied about on Capital Hill and those wood paneled rooms where wise men meet to determine our economic future. The latest seems to be a [...]
September 16, 2008
Money, Markets and Politics
With all the ado the last couple of days about Lehaman, Merril Lynch and reports on AIG it would do us all well to review a few of the basics of our economic system and the real world implications of any bankruptcy of these companies. Of course the politicians will put their own spin on events to promote [...]
September 9, 2008
Capital–what is it and where does it go?
The Communists maintained that private Capitalism was the Devil incarnate and that all capital would be eliminated by them. Everyone was going to live in an Utopian paradise where it was all for the State and the State was for all. Capital was such an evil that no one would be allowed to have any. [...]
September 8, 2008
Momma “Saves” Fannie/Freddie?
As I have written before I have been concerned that Mother Government would come to the rescue of Fannie and Freddie. Well, it looks like she did this weekend. I believe that sets such a bad precedent for the future. They both were creatures of the Government from day one. Fannie goes all the way [...]
July 18, 2008
Fannie/Fredie–All Fall Down
It looks like Congress is about to go along with the President and approve some sort of Government bailout of both Fannie and Freddie. I personally think that is a bad idea for a number of reasons. These institutions have been around for a long time and were creatures of the Government in the first [...]
