Economic Intelligence

August 2013


Fannie Mae and Freddie Mac Need to Be Reformed, Not Scrapped

By |

It appears that Washington is finally getting around to grappling with the largest unresolved question left over from America's housing meltdown: What's to become of the government-backed mortgage giants, Fannie Mae and Freddie Mac? Their fate has been in limbo since the federal government bailed ...

Read More

TAGS:
economy
housing
housing market
home prices
Fannie Mae
Freddie Mac
Obama administration
Obama, Barack

Obama's Next Federal Reserve Chair Should Be a Real Wall Street Watchdog

By |

For all the mystique surrounding its monetary policy powers, the Federal Reserve is also a regulatory agency. In fact, it's the heavyweight of Washington's financial watchdogs. The outsized role of the Fed has, if anything, been increased by the process of financial reform, in ways that should be a ...

Read More

TAGS:
economy
Federal Reserve
Wall Street
Obama, Barack
financial regulation
banking

Richmond California's Bold Plan to Prevent Foreclosures With Eminent Domain

By |

Richmond, Calif., is sending shockwaves through the financial industry with a bold strategy to resolve its ongoing housing crisis.  A city of about 100,000 people on the outer shores of San Francisco Bay, Richmond has been left behind by the economic recovery. Roughly half the home mortgages there ...

Read More

TAGS:
economy
housing
housing market
foreclosures
mortgages
subprime mortgages
California
financial regulation