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Mnuchin Adopts Good Starting Points on GSE Reform

Monday, November 27, 2017

From the Wall Street Journal’s CEO Council annual forum, a two day event where the world’s most ambitious leaders connect, came a tweet from the WSJ Capital Journal account which amplified remarks from Treasury Secretary Steven Mnuchin:- “We do want to preserve the 30-year mortgage.. and we don’t want to put taxpayers at risk. Those […]

Corporate Tax Cut Could Expose Net Worth Sweep Folly

Monday, November 20, 2017

As a $1.5-trillion tax measure moves incrementally toward becoming law, Washington policymakers could have to confront the consequences of the raid on Fannie Mae and Freddie Mac’s capital that has been going on the last five years. The House of Representatives approved a sweeping bill to reduce taxes and reform the tax code November 16 […]

The Net Worth Sweep’s Moral and Practical Deficiencies

Monday, November 13, 2017

A new paper by John Berlau at the free-market oriented Competitive Enterprise Institute, not surprisingly, takes a dim view of the historic and persistent roles of Fannie Mae and Freddie Mac in the home mortgage market. It takes an equally dim view of the government’s lack of respect for the rights of shareholders in the […]

Groundhog Day on Capitol Hill

Friday, November 3, 2017

In the 1993 comedy Groundhog Day, Phil Connors (Bill Murray) is stuck in an endless loop, hearing the same things, and repeating the same day. At one point, he asks a friend, “What would you do if you were stuck in one place and every day was exactly the same, and nothing that you did […]

An Overview of Litigation Landscape as Several Cases Advance in Court

Friday, November 3, 2017

The wheels of justice turn slowly but recent turns have advanced the cause of Fannie Mae and Freddie Mac shareholders. In addition, the U.S. Supreme Court could decide by the end of the year to take up a cert petition to review challenges to the Net Worth Sweep. In an Investors Unite teleconference Wednesday, David […]