Randian Bankers Are Great Accountants

Noah asks in his post whether one could trust a Randian banker. By coincidence, I read Noah's post on John Allison while I was in the middle of reading Donald Luskin's through-the-looking-glass book on the characters that allegedly either contributed to or didn't contribute to the financial …

Read more

Written by Thomas J. Marier on Tuesday December 6, 2011

GOP Pushes for Fannie & Freddie Phase-Out

A package of GOP bills to restrict and then wind down Fannie and Freddie illustrate what a vigorous, market-oriented House majority can and should do to get things done. A coalition of Republican House of Representatives Members has announced a package of bills that would first restrict and then …

Read more

Written by Eli Lehrer on Tuesday March 29, 2011

Fannie & Freddie Reforms Won't Save Taxpayers

Taxpayer aid to Fannie Mae and Freddie Mac is already more than $150 billion. But don't expect that number to drop even if Congress passes reforms. Freddie Mac, the mortgage-finance company operating under federal conservatorship, reported a loss this week of $14 billion for 2010.  No goodwill …

Read more

Written by Steven Trowern on Sunday February 27, 2011