Articles

Voters Want Economic Leadership

July 16, 2008

Elections are often reshaped by unexpected and fast-moving events, and when this happens a candidate who quickly takes the lead on the new issue can bolster his chances to win. There is such an opportunity now for Barack Obama and John McCain with the crisis facing Fannie Mae and Freddie Mac.

The mortgage giants touch tens of millions of people because their core business is to buy, insure and securitize home loans. But they act like huge hedge funds with their portfolios worth hundreds of billions. As government sponsored enterprises (GSEs), they have an implicit federal guarantee that allows them to borrow money more cheaply than competitors. They have used that advantage to make ever-larger bets in their portfolios, generating big profits when home prices were rising, but big losses when housing weakened.

FULL ARTICLE: http://online.wsj.com/article/SB121625104564560159.html

Related Article

Aac965c72c5aae76d28accc8899229fa
November 08, 2018 |
Article
The election’s outcome feels like the end of an elementary-school soccer season. Everyone gets a ribbon. Everybody leaves with something to brag about. A very favorable electoral map allowed Republicans to expand their lead in the Senate. ...
3ad84d39db7fbb981c73deb933e5532d
November 01, 2018 |
Article
The final week of a midterm election is always brutal. Candidates rush from event to event, staffers debate the campaign’s closing message, fundraisers scrabble for the last dollar, and volunteers beg supporters to turn out to vote. ...
3a33e2ee06dd0b70ec4ad7c30d7e09c5
October 25, 2018 |
Article
‘I am on the ticket because this is also a referendum about me,” President Trump said at a Mississippi rally on Oct. 2. He is correct: Every midterm election is to some degree about the Oval Office’s occupant. ...
84a3030075b3ef626c823c5d82ea9c85
October 18, 2018 |
Article
Justice Brett Kavanaugh’s confirmation hearings jolted Republican enthusiasm. The July 22 NPR/PBS News House/Marist poll, for example, found that 78% of Democrats and only 68% of Republicans considered this midterm “very important.”  ...
Button karlsbooks
Button readinglist
Button nextapperance