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 »
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 »
There’s nothing that exemplifies the deleterious effects of government intervention into the private sector than the housing market. Bill Clinton’s National Homeownership Strategy did to the housing sector what Obamacare will do for the healthcare sector. His administration created entire offices and programs dedicated to forcing banks to underwrite risky mortgages under the dubious goal of universal home ownership. Concurrently, Fannie Mae and Freddie Mac | Read More »
The House just completed work on another FY 2013 spending bill; the Transportation-HUD Appropriations bill. This is a unique appropriations bill because most of the underlying content is an anathema to conservatives. A good part of transportation (highway spending) should be within the purview of state governments; mass transit spending should be eliminated; HUD should be abolished altogether. As you can imagine, the open floor | Read More »
The good folks at the RNC took a look at what candidate Obama promised in Nevada during the 2008 presidential campaign … and the record of failure that followed. The result reveals President Obama’s failure to live up to candidate Obama’s promises. In a new video the RNC reminds us of how Obama’s failed promises impact Nevada. Nevada has the highest unemployment rate in the country | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss the latest jobs news and Obama’s plan for a trillion-dollar housing refinancing plan. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy | Read More »
The good folks at the RNC took a look at what Obama promised in Iowa four years ago …. and the record of failure that followed. The result is the following video, “Failed Promises: Iowa Edition” along with a little research to demonstrate Obama’s failure: In Des Moines, Iowa, four years ago Obama promised that when “We’ve made the changes we believe in,” we’d be | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss the housing data and the hidden costs of inflation. Then Pej talks about Chuck Schumer’s conference call gaffe. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at | Read More »
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