YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: fannie mae
  • Fannie Mae Needs More of Your Money

    Fannie Mae, one of the federal government’s big mortgage lending outfits, stated today that it needs more taxpayer-funded bailouts to stay afloat. The mortgage giant, still recovering from its tailspin three years ago due to the real estate crash and subsequent seizure by the federal government, has reported three straight quarters of multi-billion dollar losses, …

  • More Money, More Loans, More Time

    I don’t  know who this author of this story is or anything about his ideological leanings, but the headline alone should give anyone pause.  Something is definitely wrong when people seriously recommend manipulating the market and giving a failing enterprise more money, loans, and time will fix everything.

  • Vampires are Back

    No  popular culture references here:  Fannie Mae is back in the news, this time sucking the blood from our economy with $72,000,000,0000 — and yes that is $72 billion — in losses for 2009.  Not surprisingly, the government-created company is asking the Treasury Department for yet more billions to keep their public/private partnership afloat.

  • Capitalism is Dead.

    But Corporatism is doing just fine. Here is a chart of Fannie Mae and Freddie Mac after it was announced that they would essentially receive a “blank check” from the US taxpayer. 

  • The Mortgage Mess

    Here’s a story that’s not receiving a lot of coverage thus far, but really brings home what a mess the housing crisis really is. Supposedly, when you buy a home the bank lends you money up front and agrees to be paid back gradually, with interest.  A simple, straightforward relationship. But as we all now …

  • Fannie Mae Asks Government for Additional $10.7 Billion

    Question:What lender would choose to loan their client additional capital after its regulator says the debtor will be unable to pay it back? Answer:The United States Government. Last week, James Lockhart, director of the Federal Housing Finance Agency, said “it’s hard for me to see that [Fannie Mae] will be able to repay all of …

  • Why did Fannie and Freddie fail?

    Brad Delong on Cato Unbound claims that demand shifted to private mortgage lenders, so that Fannie and Freddie’s excessively risky loans weren’t the primary reason why the two lenders failed. I’m not sure if I buy this argument.  First of all, F&F may have lost 10% of their market share, but the risky borrowers where …