Will The “Affordable Housing” Lie Ever Die?

By: Nick Ottens (Diary)  |  May 18th at 05:15 PM  | 

What will it take for the government to admit that it’s utterly and inherently incapable of efficiently providing “affordable” housing? A comprehensive investigation undertaken by The Washington Post uncovered nothing but waste and fraud and suffering for the scores of neighborhoods and tens of thousands of people who were supposed to benefit from the efforts of the Department of Housing and Urban Development (HUD). The | Read More »

Get Rid of Fannie and Freddie!

By: Nick Ottens (Diary)  |  February 9th at 11:44 AM  | 

While the Dodd-Frank financial reform bill, which, according to one of its designers, will prevent financial crises in the future, didn’t even mention the primary instigators of the subprime mortgage catastrophe, Washington is now finally wondering what to do about the government-sponsored enterprises known as Fannie Mae and Freddie Mac. Together, these benevolent institutions either provided or purchased half of all subprime mortgages in the | Read More »