Thursday, June 24, 2010

Hard to believe

I was on the radio the other day, discussing the future of Fannie and Freddie, when another guest said that all we had to do was fully privatize the mortgage market for all to be well. I know that I can't expect everyone to be aware of the 1920s, but the period 2002-2006 was a period in which the "pure" private sector took away substantial market share from Freddie-Fannie, and look how well that turned out.

Of course in the end there is no such thing as a pure private market, because when large financial institutions get in trouble, the government comes to the rescue, either through an injection of funds or through extremely low interest rates. We are all GSEs.


lewislee said...

That's sounds an interesting thing to me. But I would like to know more. I mean can you share the whole conversation that you had at radio?? I think that will be really interesting to read about.
clip mp3 player

Joe said...

History is still abstruseness as the winners wrote it. Even if we "know" what happened, we still cant see the accomplished account although any amount of people's affirmation to. These abject the approaching on an bearding accomplished and "assume" way too much, again are afraid to see failure.

Colonial Heights Va real estate

aiya said...

Office 2010
Microsoft Office 2010
Microsoft word
Office 2007
Microsoft Office
Microsoft Office 2007
Office 2007 key
Office 2007 download
Office 2007 Professional
Outlook 2010
Microsoft outlook
Microsoft outlook 2010
Windows 7

led said...

Christian Louboutin Tall Boots
Christian Louboutin Wedges
Christian Louboutin Pumps
Christian Louboutin Sandals
Jimmy Choo Shoes
Moncler Kid's Jackets
Moncler clothing wholesale
Wholesale Moncler Jackets
discount Moncler Jackets