If keeping F&F in 'conservatorship' for going on 17 years -- without paying their shareholders a dime -- because releasing them MIGHT increase mortgage rates isn't socialism, what is? The same logic would apply to Citi, Wells Fargo, etc. Shame on you.
You're missing the point, Gary. That part of the piece argues that Calabria-type privatization would hurt middle/low income homebuyers relative to status quo--not about whether the status quo is optimal. I'm very confident in that assertion. Wait for a forthcoming piece on GSE privatization, some of which may surprise you!
It isn’t. RESIST, DISOBEY.
Contact the White House. March in the streets. Why?
Mr. Harrison Fields, a spokesperson for the White House said this yesterday:
“Any legal challenge against Trump’s executive orders are attempts to undermine the will of the American people.”
Mr. Fields is under the illusion that we support his boss’s lawlessness. Let him know otherwise. Contact Mr. Harrison Fields: https://johnadamsingram.substack.com/p/contact-white-house
Introducing Mr. Fields and his lawless boss:
If keeping F&F in 'conservatorship' for going on 17 years -- without paying their shareholders a dime -- because releasing them MIGHT increase mortgage rates isn't socialism, what is? The same logic would apply to Citi, Wells Fargo, etc. Shame on you.
You're missing the point, Gary. That part of the piece argues that Calabria-type privatization would hurt middle/low income homebuyers relative to status quo--not about whether the status quo is optimal. I'm very confident in that assertion. Wait for a forthcoming piece on GSE privatization, some of which may surprise you!
ok, will do.
Last time round Trump had an economy positive (albeit capital misdirecting) policy to juice things up - the tax cut.
Keeping that tax rate in place while cutting gov't services will be, as you note, economy negative.
And that reality will begin to bite within the next few months.