Tag Archives: treasury officials

Obama’s Foreclosure Legacy

The Obama administration keeps doing things about the housing crisis but none of them seem to work. The Obama approach is to selectively intervene in the housing market and channel subsidies to politically protected groups. Some homeowners who are underwater … Continue reading

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Should The Government Push For Mortgage Principal Reduction?

I suspect the Republican-controlled U.S. House of Representatives is not so into mortgage principal reduction backed by the U.S. government. I suspect Republicans in particular of tiring of intervention into the mortgage market. It has not worked particularly well the … Continue reading

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How’s Obama’s HARP Playing?

The Wall Street Journal reports on the Home Affordable Refinance Program, or HARP. It is supposed to help homeowners with little equity in their homes. It’s another political plan to gum up the free market and make it less efficient. … Continue reading

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A Deal In Sight For Mortgage Aid

The government keeps throw everything at the wall to stop the financial downturn. It’s an international crisis and governments and central banks around the world are cooperating. The two major bond insurers want help. They have sent in letters with … Continue reading

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Central Banks Pour In Cash

From Pakistan: FRANKFURT: Huge and continuous infusions of cash by central banks around the world to keep the international banking system afloat are a vital lifeline but cannot resolve the financial crisis, analysts warned on Tuesday. The European Central Bank … Continue reading

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Free Market Solutions Instead Of Government Bailouts

(CNSNews.com) – Following the defeat of the $700-billion bailout package on Monday, Rep. Jeb Hensarling (R-Texas), chairman of the Republican Study Committee (RSC), introduced a bill that he said relies on the free market rather than the federal government to … Continue reading

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