Continuing Failed Federal Housing Policies

By: Daniel Horowitz (Diary)  |  February 11th at 07:25 PM  | 

Proposing solutions to the financial crisis without looking into the federal involvement in housing is akin to enacting immigration reform without dealing with our southern border and points of entry.  The federal involvement in housing, via the monstrosities know ad Freddie Mac and Fannie Mae, is what created the asset bubbles, propelled the growth of subprime mortgages, and took down the rest of the economy | Read More »

Obama’s Egregious Hypocrisy on Housing

By: Daniel Horowitz (Diary)  |  January 11th at 07:53 AM  | 

In 2010, Congress passed the Dodd-Frank Act, which  created the new “Bureau of Consumer Financial Protection (CFPB),” an all-powerful agency vested with the power to limit the choices of consumers in financial markets, making it harder and more expensive to obtain credit.  This unaccountable agency operates autonomously within the Federal Reserve and will not be subjected to congressional appropriations or oversight. Yesterday, the CFPB announced | Read More »

The Forgotten Bailout

By: Daniel Horowitz (Diary)  |  November 21st at 12:25 PM  | 

When it comes to setting public policy fires, Democrats get away with serial arson.  A maladroit opposition party and a complaisant media ensure that the public will never pin the tail of blame on the donkey.  Nowhere is this more evident than with interventionist housing policy. Decade’s worth of government intervention in the housing market almost single-handedly took down the economy.  Bill Clinton’s National Homeownership | Read More »