Affordable housing goals

Affordable housing goals

What role did the housing goals play in the demise of Freddie and Fannie? How risky were those targeted affordable loans, really? In place for more than 15 years by the time the housing bubble popped in 2007, the GSE affordable housing measure how many units of...
Reckoning day

Reckoning day

Midafternoon on Friday, September 5, 2008, while the rest of official Washington sought to beat weekend rush hour traffic, Richard Syron, Freddie Mac CEO and Board Chairman, and his Fannie Mae counterpart, Daniel Mudd, met their fates in a conference room in an...

hope

wilderness tears oasis Saints say there are streams in your deserts. Show me one and I’ll fall face down and suck it dry. And while you’re at it: hide me in tents robe me in silks revive me with raisins under your love banner.   — Pruned, poems...
POD

POD

You’ve heard of WOD, right? Think CrossFit — and those overly energetic friends of yours always talking about the workout of the day. You know, throwing tires, lifting steel buildings and such. How about something less strenuous, for the body at least?...
Trading on (implicit) confusion

Trading on (implicit) confusion

Just who (or what) was Freddie Mac? Why did our “murky government ties” matter so much? In the early 1990s, I helped staff a meeting between our top economists and some visiting officials from Mexico. After a hearty lunch, one of our visitors wiped his...