The Sunshine Report

Veritas Financial Partners
Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: housing crisis

  1. Wall Street’s Fatal Defect — Republished From The Huffington Post

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    The fate of Fred­die Mac and Fan­nie Mae will be cen­ter stage in Jan­u­ary when the Obama admin­is­tra­tion makes its required Con­gres­sional rec­om­men­da­tions about what to do about the two com­pa­nies. The stakes for home­own­ers and the econ­omy couldn’t be higher as the next Con­gres­sional ses­sion will deter­mine if the U.S. has a pri­vate mort­gage mar­ket or if, by con­trol­ling hous­ing finance, gov­ern­ment bureau­crats will be able to direct where Amer­i­cans live and how much they pay for hous­ing. [read full story]

    Posted in: BANKS, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Public Policy, REGULATION, Regulatory Reform

  2. Let’s Do The Time Warp Again; Advocates of a 4.5% Mortgage Rate Must Have Come From Another Time And Place

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    When I hear peo­ple talk about the gov­ern­ment essen­tially man­dat­ing that banks and Fred­die Mac and Fan­nie Mae orig­i­nate 4.5% 30 year fixed mort­gages I think of the Rocky Hor­ror Pic­ture Show and The Time Warp. Mem­bers of Con­gress and econ­o­mists who are push­ing under­priced mort­gages must be from another time and place oth­er­wise they […] [read full story]

    Posted in: BANKS, Bush Administration, Business Environment, Credit Crisis, economy, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Obama, Politics, Public Policy, REGULATION

  3. SOUNDS LIKE A HOOVER ADMINISTRATION ECONOMIST PRESENTED AT LAST WEEK’S FED CONFERENCE" rel="bookmark">SOUNDS LIKE A HOOVER ADMINISTRATION ECONOMIST PRESENTED AT LAST WEEK’S FED CONFERENCE

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    Some of the head­lines from last week’s Fed­eral Reserve con­fer­ence sounded like they were writ­ten in the 1930’s when the Hoover Admin­is­tra­tion encour­aged liq­ui­da­tion of assets and banks as a way to fix the econ­omy. Willem Buiter, a for­mer offi­cial of the Bank of Eng­land and Euro­pean Bank for Recon­struc­tion and Devel­op­ment, sounded like Andrew […] [read full story]

    Posted in: Andrew Mellon, BANKS, Bernanke, Bush Administration, Credit Crisis, Federal Funds Rate, Federal Reserve, Finance, Great Depression, Hoover Adminstration, housing crisis, monetary policy, Money Supply, Willem Buiter