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

94d67000961c648dc4ee167c474b9bd6
September 13, 2018 |
Article
With the last primary in New York this Thursday, the 2018 general election is fully under way.  Let’s take stock of the political landscape as the contest enters its final eight weeks. ...
43084c2aa1b913bea519dc0dce9246d9
September 06, 2018 |
Article
It didn’t take long for acrimony to emerge on Capitol Hill Tuesday. Democratic senators tag-teamed Judiciary Committee Chairman Chuck Grassley from the very start of Judge Brett Kavanaugh’s Supreme Court confirmation hearing. ...
A9cf8b01d59ef478e24288bb84403830
August 30, 2018 |
Article
There are two battles under way for control of the U.S. House of Representatives. The first and better known is over which party will have the majority when the 116th Congress meets in January.  ...
5015d15ddf58249a003bd2c215855598
August 23, 2018 |
Article
They show up for every presidential campaign: wannabes like George Papadopoulos, self-promoters like Carter Page, and worse, grifters like Paul Manafort and straphangers like Michael Cohen. ...
Button karlsbooks
Button readinglist
Button nextapperance